Gasgoo Daily: Changan Automobile approved to build factory in Thailand

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.

Changan Automobile approved to build factory in Thailand

On August 15, Changan Automobile's proposal to invest 880 million Thai Baht ($250 million) in building an electric and hybrid vehicle production facility in Thailand has been greenlit by the Thailand Board of Investment (BOI). The planned factory, with a projected initial annual capacity of 100,000 units, aims to meet the surging demand for electric vehicles in Thailand, ASEAN, and other overseas markets.

Changan DEEPAL S7; photo credit: Changan Automobile

Huawei applies for ‘LUXEED’ trademark for joint vehicle brand with Chery

Huawei Technologies recently submitted trademark applications for "LUXEED" and “智界” (“Zhijie” in Chinese pinyin) in various international categories, including scientific instruments and metallic materials. This move coincides with the unveiling of the "Zhijie S7," the debut vehicle created through a partnership between Huawei and Chery.

Li Auto targets aggressive Q3 production volume of up to 103,000 units

On August 15, Li Auto disclosed its weekly sales figures, reporting sales of 7,200 units from August 7 to 13. By August 13, the Li Auto has sold 13,500 vehicles this month. the company's founder, Li Xiang, announced a bold projection for the third quarter of this year, estimating that the company’s deliveries could range from 100,000 to 103,000 units.

SAIC-GM-Wuling releases images of Xingguang sedan

SAIC-GM-Wuling ("SGMW") unveiled the official images of its first sedan, the Wuling Xingguang (translated to “Starlight”). Boasting an entirely fresh design language, the mid-sized car is scheduled to hit the market later this year, catering to both PHEV (plug-in hybrid electric vehicle) and BEV (battery electric vehicle) enthusiasts.

Tesla China slashes prices on in-stock Model S, Model X in China

Tesla China announced on August 16 a significant price reduction on its Model S and Model X lineup, extending enticing discounts ranging from 54,000 yuan to 70,000 yuan.

New energy smart truck maker ZERON completes Pre-A financing round

Chinese intelligent new energy heavy-duty truck maker, ZERON, recently announced the completion of a Pre-A round funding amounting to 140 million yuan. This announcement marks a significant milestone for the startup, as it has managed to secure funding through three rounds within just a year since its establishment.

BAIC BJEV to establish new factory as part of upgraded collaboration with Huawei

In a bid to enhance its collaboration with Huawei, BAIC Group’s new energy vehicle arm, BAIC BJEV, is set to establish a new factory, as disclosed in an announcement made by BAIC BluePark on August 14.

Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit

Chinese legacy automaker Dongfeng Motor Group announced a projected 75% year-on-year decline in net profit attributable to shareholders for the first half of 2023, as revealed in a recent disclosure on August 14.