Gasgoo Daily: Leapmotor sees Q3 revenue jump 31.9% YoY

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.

Leapmotor sees Q3 revenue jump 31.9% YoY

Leapmotor today announced on the Hong Kong Stock Exchange that its total revenue for the third quarter of this year reached 5,655.5 million yuan, marking a substantial 31.9% year-on-year increase and a notable 29.4% quarter-on-quarter growth. Shareholders' equity losses for the company amounted to 985.7 million yuan, versus the losses of 1,339.9 million yuan recorded during the same period last year. Its third-quarter total vehicle deliveries reached 44,325 units, reflecting a 24.5% increase compared to the same period in the previous year.

Leapmotor C01; photo credit: Leapmotor

Dongfeng Honda's Lingxi NEV brand unveils interior images of Lingxi L concept

Recently, Lingxi, the fresh new energy vehicle brand under Dongfeng Honda, unveiled the interior images of its concept car, the Lingxi L. The model's interior boasts a massive screen that spans the entire center console. Additionally, it features a 2+2 seating layout.

Photo credit: Dongfeng Honda

HYCAN V09 hits market

Chinese new energy vehicle brand HYCAN officially put its V09 model onto the market on October 13 with deliveries beginning at the same time. Coming with five trim levels, it features a guidance price range of 318,800 yuan to 438,800 yuan.

Photo credit: HYCAN

Black Sesame Technologies, Lanyou Technology jointly launch YDU2.0 Pro domain controller

Black Sesame Technologies, the Chinese automotive chip supplier, and Lanyou Intelligent Connection Technology Co., Ltd., a wholly-owned subsiairy of Shenzhen Lanyou Technology Co., Ltd., recently joined forces to launch the first NOA/HPA advanced integrated pilot & parking system based on the A1000 chip – the YDU2.0 Pro advanced integrated pilot & parking system domain controller.

Fixed orders for new AITO M7 surpass 60,000 units in first month on market

The new AITO M7, the latest offering from AITO, the premium new energy vehicle brand developed jointly by SERES and Huawei, boasted remarkable success in its first month on the market, with over 60,000 confirmed orders, said the company on October 15.

Chinese SoC supplier ORITEK closes A2 funding round

ORITEK, the Chinese supplier of system-level automotive SoC chips and solutions, recently announced the successful completion of its A2 round of financing, which brought ORITEK's cumulative fund-raising to several hundreds of millions of yuan.

Zhejiang Geely Holding Group scores 26% YoY jump in Sept. 2023 auto sales

Zhejiang Geely Holding Group ("Geely Holding") today announced on its official WeChat account that its monthly auto sales reached roughly 264,400 units in September, marking a 26% year-on-year jump. The group also reported a sales volume of 93,700 new energy vehicles (NEVs, including battery electric vehicles and plug-in hybrid electric vehicles) for the same month, representing a 38% year-on-year leap and a penetration rate of 35%.

Sunwoda-Dongfeng power battery base in Yichang city rolls off first cell products

On October 10th, a significant milestone was reached at Hubei Dongyu Xinsheng New Energy Co., Ltd. ("Dongyu Xinsheng"), a joint venture between Sunwoda Energy Technology Co., Ltd. and Dongfeng Motor Group, as the first batch of cell products rolled off the production line and were delivered at the Sunwoda-Dongfeng Yichang Power Battery Production Base, according to a post on Sunwoda's WeChat account.

BAIC Group boasts 9.3% YoY growth in Q1-Q3 2023 revenue

Beijing-based automaker BAIC Group recently released its official financial results for the first three quarters of 2023, which showcased a robust performance with significant growth in both auto production and sales.

Geely rolls off 50,000th mass-produced Galaxy L7 PHEV

Geely Automobile announced on October 15 via its WeChat account that its Galaxy new energy vehicle (NEV) range had rolled off the 50,000 mass-produced unit of the Galaxy L7 PHEV.

Chery shares latest technological advancements at 2023 Chery Technology Day

On October 16, 2023, Chinese automaker Chery Holding held its 2023 Technology Day event where it unveiled the latest technological advancements under the Yaoguang 2025 Technology suite.