Gasgoo Daily: ZEEKR said to host IPO investor preview meeting at end of August

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 said to host IPO investor preview meeting at end of August

Geely's high-end electric vehicle brand, ZEEKR, is preparing for a new round of investor preview meetings at the end of August, with plans to raise approximately $1 billion in its upcoming IPO, according to a local media outlet. During Geely's 2023 mid-year financial report conference held the previous day, An Conghui, President of Geely Holding Group and CEO of ZEEKR, shared that the company will closely monitor the capital market trends, selecting an opportune window for the listing.

Photo credit: ZEEKR

GWM’s WEY brand to kick off presale of Gaoshan MPV at Chengdu Motor Show

Great Wall Motor (GWM)’s WEY brand will showcase its Gaoshan (translates to “High Mountains”) MPV at the upcoming Chengdu Motor Show and kick off presale.

MediaTek collaborates with Meta to enhance AI capabilities in terminal devices

MediaTek recently announced its close collaboration with Meta on the next-generation open-source large-scale language model, Llama 2. Through Meta's LLM and MediaTek's latest APU and NeuroPilot AI platform, MediaTek aims to establish a comprehensive edge computing ecosystem, accelerating the development of artificial intelligence applications in smartphones, IoT, automobiles, smart homes, and other edge devices.

Changan Automobile to adopt Huawei’s HiCAR 4.0 system onboard

On August 23, Chinese automaker Changan Automobile announced that it will be one of the first companies to adopt the HUAWEI HiCar 4.0 system, to establish an unparalleled fusion of mobile and in-car hardware and software.

SVOLT breaks ground on energy storage battery project in Liaoning province

The groundbreaking ceremony for the energy storage battery module and system integration project of Fengsheng Energy Technology (Liaoning) Co., Ltd., a joint venture between Chinese power battery maker SVOLT and Beisheng Stock, was held in Chaoyang city, Liaoning province, according to a post on SVOLT's WeChat account.

ROX Motor’s EV brand announces prices of first model ‘Jishi 01’

Jishi Auto, the new energy vehicle brand under Chinese startup ROX Motor, officially put its first production model, the Jishi 01 ("极石") in Chinese, literally meaning "pole stone"), onto the market. It comes with two trim levels, which is priced at 349,900 yuan and 359,900 yuan, respectively.

XPeng to release G9 SUV’s refreshed version in Q4 2023

XPeng's Senior Director of Powertrain, Gu Jie, recently took to social media to share insights about the upcoming refresh of the G9 model. In his post, he emphasized that the G9's revamp focuses on delivering high cost effectiveness, while preserving its current strengths such as silence, performance, energy efficiency, and fast charging. He teased that the rest of the enhancements are set to be unveiled in Q4.

Joyson Electronics turns loss into profit in H1 2023

Major Chinese automotive component supplier Ningbo Joyson Electronic Corp. ("Joyson Electronics") on Monday unveiled its H1 2023 financial report with a notable operating revenue of around 2.7 billion yuan, marking a year-on-year jump of approximately 18%.

Chery Holding to showcase over 30 car models at Chengdu Motor Show

The 2023 Chengdu Motor Show is set to kick off on August 25. Chery Group's four major brands – Chery, EXEED, JETOUR, and iCAR – are gearing up to present more than 30 impressive models, demonstrating their robust brand momentum.

SemiDrive, SAIC Volkswagen build joint innovation center in Shanghai

On August 22, Chinese automotive chip supplier SemiDrive announced the establishment of a joint innovation center with SAIC Volkswagen in Shanghai.

Geely-bakced Livan Auto starts presale of Livan 7 all-electric coupe SUV

Livan Auto, a Chinese new energy vehicle maker co-founded by Geely and Lifan Technology, on August 22 commenced the pre-sale for the Livan 7, an all-electric compact coupe SUV crafted upon the all-new GBRC (Global Battery Rapid Change) platform. Coming with four trim levels, the new model features a presale price range of 133,700 yuan to 163,700 yuan. It is expected to hit the market in September this year.