Gasgoo Daily: ZEEKR releases teaser for million-yuan supercar ‘ZEEKR 001 FR’

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

ZEEKR releases teaser for million-yuan supercar ‘ZEEKR 001 FR’

Geely's high-end intelligent electric brand, ZEEKR, announced today that there are no facelift plans for the ZEEKR 001 model. Instead, the upcoming ZEEKR 001 FR will stand as the pinnacle of ZEEKR's high-performance electric vehicle development, with a price exceeding one million yuan. The ZEEKR 001 FR is set to debut officially at an upcoming ZEEKR technology showcase event.

ZEEKR 001 FR; Photo credit: ZEEKR

NETA AYA hits market, starting at 73,800 yuan

NETA Auto’s all-electric SUV, the AYA, officially hit the market. As the successor to the NETA V, the new model boasts combined driving range of 401km and 318km, featuring L2 advanced driver assistance system. The prices for the AYA is set at 73,800 yuan to 88,800 yuan.

NIO Capital leads Series A financing round for electric drive solution provider Mavel

According to an announcement from NIO Capital's official WeChat account, the company recently led the Series A financing round for Mavel, an electric drive solution provider. Mavel has successfully secured tens of millions of US dollars in funding through Series A and A+ rounds. Concurrently, the company has also secured a project development partnership for core components of an upcoming NIO vehicle platform.

China’s NEV market continues to grow in July 2023 with 31.6% YoY surge in sales

In July, the Chinese automotive market experienced a deceleration in production and sales, influenced by the high base effect from the same period last year and compounded by the traditional off-season for the industry.

ABUP nabs over 100 million yuan in B2 round financing

Shanghai-based OTA solution provider, ABUP recently concluded its B2 financing totaling over 100 million yuan.

GAC Group’s auto sales drop YoY in July, but NEV sales still surge

GAC Group announced this week it sold 189,199 vehicles in July 2023, representing a 14.04% decline year-on-year.

China’s power battery installed capacity in July 2023 grows 28.9% YoY, 1.5% MoM

In July, China's production volume of power batteries reached a total of 61GWh, marking a year-on-year jump of 28.9% and a month-on-month rise of 1.5%, according to data by the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

Geely unveils images of GEOME E Firefly edition

Recently, Geely's battery electric vehicle (BEV) range, GEOME, unveiled a series of official images and configuration details of the GEOME E Firefly ("Yinghuochong" in Chinese pinyin) edition.

Farasis Energy announces strategic realignment of investment projects

In a recent press release, Farasis Energy unveiled a significant strategic shift in its investment plans. The company announced its decision to terminate the "High-Performance Power Lithium Battery Project" initially earmarked for its 2021 annual private placement initiative. The remaining funds, totaling 2.653 billion yuan, will be redirected toward two new projects: the "Ganzhou 30GWh New Energy Battery Project (Phase I)" and the "30GWh Power Battery Production Base Project (Phase I)".

Chery Explore 06 kicks off presale, starting at 129,900 yuan

On August 10, Chery Auto officially kicked off presale of its latest model, the Explore 06 SUV. Coming with both two-wheel-drive and two four-wheel-drive variants, the new model is now globally available with a presale price range of 129,900 yuan to 145,900 yuan.

ECARX scores 45% YoY surge in Q2 2023 revenue

ECARX Holdings, Inc. Geely-backed mobility technology solution provider, released its second quarter 2023 financial report on August 9, showcasing robust growth and strategic advancements.