Gasgoo Daily: BYD’s Yuan PLUS Champion edition to hit market on September 15

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's Yuan PLUS Champion edition to hit market on September 15

BYD will roll off its 500,000th unit of the Yuan PLUS compact SUV on September 15. At the same time, the Yuan PLUS’ Champion edition will hit the market.

BYD Yuan Plus Champion edition; photo credit: BYD

DENZA D9 MPV to go on sale in Hong Kong in 2023

DENZA, the premium auto brand majority-backed by BYD, will put its D9 full-sized MPV onto the market in Hong Kong next year, Zhao Changjiang, general manager of the sales department at DENZA, said today via his personal Weibo account.

DENZA D9; photo credit: DENZA

Baojun Yunduo's Lingxi edition to hit market in late September

Baojun Yunduo, an all-electric compact car model under SAIC-GM-Wuling's Baojun brand, will introduce the special edition “Lingxi” with the official sales kicking off on September 26. The new product comes equipped with the "Lingxi Smart Driving 2.0" system jointly developed by Baojun and DJI.

Baojun Yunduo Lingxi edition; photo credit: Baojun

China's fuse products supplier Superfuse closes Series A financing

Chinese electrical equipment supplier Hangzhou Superfuse Technology Co., Ltd. ("Superfuse"), announced on September 8 via its WeChat account the successful completion of its Series A funding round, which raised tens of millions of yuan exclusively from ADDOR CAPITAL.

XPeng said to streamline direct-sale channels, while expanding size of dealerships

Chinese new energy vehicle (NEV) maker XPeng is streamlining its sales operations, reducing the number of its sales regions from 24 to 12 nationwide, according to a local media outlet, citing people familiar with the plans. Simultaneously, the company is reportedly gradually phasing out underperforming direct-sales outlets, while expanding the footprint of its authorized dealers.

Baolong Automotive celebrates opening of Europe R&D, manufacturing center in Hungary

On September 11 local time, the opening ceremony of the Baolong Automotive ("Baolong")'s Europe R&D and Manufacturing Center took place at the Szigetszentmiklós Industrial Park in Hungary.

Shenzhen to further expand autonomous driving testing roads by 89km

The intelligent connected vehicle testing demonstration routes in the city of Shenzhen continue to expand, as revealed by the Shenzhen Municipal Bureau of Transport.

AVATR 11 HarmonyOS Edition kicks off nationwide deliveries

On September 11, AVATR 11 HarmonyOS Edition, the latest offering from AVATR, the premium new energy vehicle brand jointly supported by Changan Automobile, Huawei, and CATL, commenced nationwide deliveries.

Kaixin Auto inks non-binding acquisition term sheet with WM Motor

Kaixin Auto Holdings (“Kaixin”), a Chinese leading new auto retail platform for luxury used cars and imported new cars, has officially declared its non-binding acquisition intentions with WM Motor Holdings Limited ("WM Motor"), the company announced on Monday.

Wuhan-based auto interior parts supplier Foresight Technology goes public

On September 11, Wuhu Foresight Technology Co., Ltd. ("Foresight"), a Chinese automotive interior parts supplier headquartered in Wuhu city, saw its RMB ordinary shares listed on the ChiNext board of the Shenzhen Stock Exchange, with an issuance price of 36.6 yuan per share and an issuance price-to-earnings ratio of 38.33 times. This marks a significant milestone as Foresight becomes the 28th company in Wuhu city to go public.

Geely's 2024 GEOME G6 full-electric sedan hits market

On September 10, the 2024 model of the GEOME G6, an all-electric compact sedan under Geely's NEV (new energy vehicle)-dedicated range GEOME, hit the market, with an official price range of 119,800 yuan to 147,800 yuan. The 2024 GEOME G6 boasts a comprehensive upgrade in five major aspects, including the powertrain, interior design, and intelligent comfort configurations.