Gasgoo Daily: Li Auto delivers 100,000th Li L8

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.

Li Auto delivers 100,000th Li L8

On October 20, Li Auto announced via its WeChat account that it has delivered the 100,000th unit of the Li L8 SUV, whose official delivery began on Nov. 10.

Photo credit: Li Auto

GAC AION starts pre-sale of Hyper HT SUV

On October 19, Hyper HT, a fire new mid-to-large luxury all-electric SUV under GAC AION's premium sub-brand Hyper, made its world's debut with official pre-sale beginning at the same time. Coming with four trim levels, the new model starts at 220,000 yuan in pre-order.

Hyper HT; photo credit: GAC AION

Changan Qiyuan puts Qiyuan A05 PHEV model onto market

The Qiyuan A05, the second model under Changan Automobile's Qiyuan brand, hit the market on October 20. Positioned as a compact plug-in hybrid electric sedan, the model comes with six trim levels, which are priced between 89,900 yuan and 132,900 yuan.

Qiyuan A05; photo credit: Changan Qiyuan

BYD launched logistics light-duty truck T5 powered by DM technology

On October 18, BYD launched its first 4.5-tonne city logistics light-duty truck, the T5, power by its Dual Mode (DM) technology. Simultaneously, its smart new energy truck production factory in Huai’an city, Jiangsu province, was also unveiled.

CATL reports 8.28% YoY growth in Q2 2023 revenue

On October 19, CATL released its third-quarter (Q3) financial results for 2023In Q3 2023, CATL achieved a total operating revenue of 105.43 billion. yuan, marking an 8.28% year-on-year growth. In the same period, its net profit attributable to shareholders reached 10.428 billion yuan, reflecting a 10.66% growth year-on-year, while excluding the impact of certain non-recurring gains and losses, the Q3 net profit was 9.428 billion yuan, rising by 4.91% year-on-year.

Foton Motor, Italy's Piaggio to co-develop new electric commercial vehicle models

On October 19, 2023, Foton Motor's Vice President, Mr. Ma Rentao, and Piaggio's CEO, Mr. Michele Colaninno, inked an agreement in Beijing, marking the commencement of a new venture in electric commercial vehicle development. Both parties will collaborate to develop new energy products and enter the high-standard European Union market, jointly offering electrification solutions for the European light commercial vehicle sector.

Pony.ai joins Abu Dhabi's SAVI for autonomous driving advancement in UAE

On October 18, at the GITEX Global tech exhibition held in the United Arab Emirates, Chinese autonomous driving solution developer Pony.ai signed a strategic partnership agreement with the Abu Dhabi Investment Office (ADIO).

BAIC Group teams up with Tianjin Port Group for enhanced logistics service

On October 18, BAIC Group, one of China's major automotive conglomerates, and Tianjin Port Group signed a framework agreement to explore cooperation in vehicle and parts port handling and logistics, as well as vehicle procurement.

JAC Group seals $45 million deal with Turkish auto group at Belt and Road CEO Conference

On October 17, 2023, as part of the third Belt and Road Forum for International Cooperation, the "Belt and Road CEO Conference" took place in Beijing, where a series of exemplary Sino-foreign cooperation projects were inked, resulting in project collaboration agreements worth a total of $97.2 billion.