Gasgoo Daily: BYD to kick off pre-sale of Seal DM-i at Chengdu Motor Show

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.

BYD to kick off pre-sale of Seal DM-i at Chengdu Motor Show

BYD announced that its all-new mid-sized plug-in hybrid sedan, the Seal DM-i, will kick off pre-sale at the upcoming Chengdu Motor Show, which will commence on August 25. The price range for this vehicle is expected to fall between 180,000 and 250,000 yuan.

Seal Champion Edition; photo credit: BYD

Jana Energy completes Series A funding

On August 22, Jana Energy Technology Co., Ltd., a Chinese sodium-ion battery enterprise, celebrated the inauguration of its cutting-edge forum on sodium-ion batteries and the launch of its thousand-tonne battery production line in Shenzhen. Alongside this event, Jana Energy announced the successful completion of its Series A funding round, led by Primavera Capital. Xiaomi-related Shunwei Capital, who is also Jana Energy’s existing shareholder, participated in this funding round as well.

BAIC-affiliated company becomes shareholder of AccoPower

Recent records on the Chinese corporate database, Tianyancha, reveal that Guangdong AccoPower Semiconductor Co., Ltd. has undergone a significant change in its corporate structure. New shareholders, including BAIC Capital's subsidiary Shenzhen Anpeng Venture Capital Fund Enterprise (Limited Partnership), have joined the company's shareholder lineup. This alteration in ownership coincides with an increase in registered capital from approximately 178.7 million to 194.8 million yuan, marking a 9% surge. Established in November 2018, AccoPower specializes in the R&D, production, and sales of automotive-grade power semiconductor components.

All-new HAVAL H5 hits market, starting at 122,800 yuan

On August 21, HAVAL, the SUV-dedicated brand under Great Wall Motor, officially put the all-new HAVAL H5 onto the market. Coming with six trim levels, the new model features a price spectrum spanning from 122,800 to 157,800 yuan. It is born from the TANK platform and features a body-on-frame construction.

Geely Automobile scores 25.8% YoY jump in H1 2023 revenue

Geely Automobile Holdings Limited (“Geely Automobile”) today unveiled its first-half 2023 financial report. Amid the challenging backdrop of the industry-wide price competition, the company managed to secure a growth trajectory on multiple fronts.

NavInfo scores 9.71% YoY rise in H1 2023 revenue

On August 21, Chinese automotive intelligence product supplier NavInfo unveiled its 2023 semi-annual financial report with total revenue reaching 1.5 billion yuan, which marked a year-on-year growth of 9.71%.

China’s Polar Bear Tech secures significant funding for next-gen Chiplet development

Chinese chiplet design company, Polar Bear Tech on Monday announced the recent completion of a new funding round worth of over 100 million yuan. This funding infusion comes from notable investors including Harvest Capital and Zhengwei Capital.