Gasgoo Daily: Xingji Meizu Group raises 2 billion yuan in Angel+, Series A rounds

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.

Xingji Meizu Group raises 2 billion yuan in Angel+, Series A rounds

Xingji Meizu Group, the combined entity following the business consolidation between Meizu Technology Co., Ltd and Geely-backed Hubei Xingjishidai Technology Co., Ltd. (renamed “Hubei Xingji Meizu Technology Co., Ltd.” now), today announced the completion of its Angel+ and Series A rounds with 2 billion yuan raised in total. Upon completion of the transactions, the company is valued over 10 billion yuan.

Photo credit: Xingji Meizu

Changan Ford to display two new models at Auto Guangzhou 2023

Changan Ford is about to showcase two fresh models—the all-new Mustang Dark Horse® and the 2024 Ford Mustang Mach-E—at the Auto Guangzhou 2023 on November 17.

Geely Auto's Galaxy E8 to be shown at Auto Guangzhou 2023

Geely Auto will showcase the Galaxy E8, a pure-electric sedan under its new energy vehicle range Galaxy, at the Auto Guangzhou 2023.

Galaxy E8; photo credit: Geely Galaxy

BYD to debut Sea Lion 07 coupe SUV at Auto Guangzhou 2023

Chinese leading new energy vehicle manufacturer BYD is set to introduce a new vehicle model, the Sea Lion 07, at the Auto Guangzhou 2023, on November 17, according to a post on BYD's WeChat account.

NICE settles C-V2X project in Shanghai's Anting International Automobile City

The 6th Scientific Technology Fair for Yangtze River Delta Region commenced in Shanghai's Jiading District on November 15. During the opening ceremony, two initiatives from the NATIONAL INNOVATION CENTER par EXCELLENCE (NICE) — the "C-V2X Integrated Smart Terminal Project" and the "MEMS Piezoelectric Ultrasonic Sensing Technology Industrialization Project"—found their footing in Jiading.

AI chip developer Axera launches new brand for intelligent driving development

Axera Semiconductor (Ningbo) Co., Ltd. (Axera) debuted its automotive brand, “Aixin Yuansu” (translating to “Axera Speed”), targeting the intelligent driving domain on November 15.

HiPhi to showcase first cooperative model HiPhi A at Auto Guangzhou 2023

On November 15, HiPhi, the Chinese luxury electric vehicle brand under Human Horizons, unveiled its inaugural collaborative product, the HiPhi A, at its headquarters in Shanghai. The physical debut of this model is scheduled for the Auto Guangzhou 2023 on November 17, 2023.

BAIC Group cooperates with CICV for automotive intelligence advancement

On November 13, BAIC Group and CICV inked a strategic cooperation framework, aiming for in-depth collaboration in advanced autonomous driving and intelligent connectivity aspects.

Yanfeng, Open Audio collaborate on R&D of immersive audio solutions for intelligent car cabins

Chinese automotive supplier Yanfeng and the audio-video technology developer Open Audio officially signed a strategic cooperation agreement on November 16, aiming to propel joint efforts in the development and market expansion of immersive audio solutions for intelligent car cabins. The partnership seeks to create industry-leading integrated product solutions, ensuring a high-quality acoustic experience for passengers.

KUSA Tech's autonomous street cleaning fleet commences operations in Suzhou

KUSA Tech's autonomous street cleaning vehicle, "Xingjun," has been deployed for operations on the urban roads of Wujiang District in Suzhou, Jiangsu Province since October 2023, the company recently announced.

Innovusion hits delivery milestone of 200,000 automotive LiDAR units

Innovusion, a Chinese LiDAR maker, has achieved a groundbreaking milestone, surpassing the delivery of 200,000 units in the car-mounted LiDAR market by November this year.

China's Hubei province wants new energy vehicle sales to be over 40% of total car output by 2025

On November 13, the People's Government of Hubei Province released the "Implementation Plan for the Transformation and Development of the Automobile Industry in Hubei Province (2023-2025)" (called "the Plan" for short) on its official website.

XPeng sees Q3 2023 revenue soar 68.5% over previous quarter

In Q3 2023, XPeng recorded total revenues of 8.53 billion yuan (US$1.17 billion), representing a 25% growth year-on-year (YoY) and a 68.5% leap quarter-on-quarter (QoQ).

GAC AION puts Hyper HT mid-to-large all-electric SUV onto market

On November 15, Hyper, the premium sub-brand under GAC AION, saw its first SUV model, the Hyper HT, officially hit the market. Coming with six trim levels, the model features a price range of 213,900 yuan to 329,900 yuan.