Gasgoo Daily: 2024 Ford Mustang Mach-E hits Chinese market

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.

2024 Ford Mustang Mach-E hits Chinese market, starting at 239,800 yuan

On December 10th, the 2024 Ford Mustang Mach-E officially hit the market in China, featuring a lineup of 5 trim levels with prices ranging from 239,800 yuan to 359,800 yuan. Built on the performance legacy of the Mustang, the 2024 Mustang Mach-E undergoes a comprehensive upgrade in its powertrain, offering extended range and quicker acceleration. All variants come standard with the BlueCruise 1.2, Ford's hands-free highway driving feature.

Ford Mustang Mach-E; photo credit: Changan Ford

Chery's iCAR to begin presale of iCAR 03 SUV on Dec. 18

Chery's new energy vehicle sub-brand, iCAR, is set to commence pre-sales for its all-new compact SUV, the iCAR 03, on December 18. Earlier, during the Auto Guangzhou 2023, the pre-sale prices for both the two-wheel-drive and four-wheel-drive variants of the iCAR 03 were unveiled, ranging from 140,000 yuan to 190,000 yuan.

Baidu, Geely-backed Ji Yue said to introduce second model in 2024

Ji Yue, the automotive robot (Robocar) brand jointly backed by Geely and Baidu, will launch its second model next year, according to a local media outlet. Internally codenamed "Venus," the new model is likely to be positioned as an all-electric coupe.

GAC AION's self-built battery factory starts operation

On December 12, GAC AION's Yinpai Intelligent Battery Eco-factory celebrated its official construction completion and commencement of operations, coinciding with the release of the P58 Microcrystal Super Power Battery ("the P58 Battery"), which represents the breakthrough on the Magazine Battery 2.0, according to GAC AION's press release.

AVATR 12 commences delivery nationwide

On December 10, AVATR announced the nationwide delivery launch of the AVATR 12, arriving gradually in 40 cities across 19 provinces in China.

Changan NEVO Q05 hits market, starting at 119,900 yuan

Changan NEVO officially put its inaugural plug-in hybrid electric SUV, the Q05, onto the market on December 12, with a price range of 119,900 yuan to 149,900 yuan.

iMotion announces global stock offering for Hong Kong listing

On December 12, Chinese autonomous driving solution provider iMotion Automotive Technology (Suzhou) Co., Ltd. ("iMotion") announced its plans for a global offering of 22.116 million shares, including 2.2116 million shares for sale in Hong Kong and 19.9044 million shares internationally.

Changan Automobile's Zhu Huarong assumes chairman of AVATR Technology

AVATR Technology, the premium new energy vehicle company jointly backed by Changan Automobile, Huawei, and CATL, announced on December 12 that Changan Automobile's Party Secretary and Chairman, Zhu Huarong, assumes the role of Chairman at AVATR Technology.

New-generation Dongfeng Aeolus Shine hits Saudi Arabian market

Dongfeng Motor announced on December 11 the launch of the all-new Dongfeng Aeolus Shine in Jeddah, Saudi Arabia, with sales initiated across all Dongfeng showrooms in the region.

Sunwoda EVB's Yiwu base rolls off first cell, battery pack

On December 9, the first battery cell and battery pack produced at Sunwoda Electric Vehicle Battery Co., Ltd. ("Sunwoda EVB")'s power battery manufacturing base in Yiwu city rolled off the production line, marking the official commencement of rapid development and operation for Sunwoda's Yiwu facility.

Brose, HASCO ink agreement for extended cooperation on joint venture

On December 11, Germany-headquartered family-owned automotive supplier Brose Group and the Chinese auto parts provider HASCO jointly hosted the signing ceremony for the extension of the joint-venture agreement of Shanghai Brose Automotive Components Co., Ltd., according to Brose' press release.

GWM, BMW's joint venture Spotlight Automotive to qualify for complete vehicle production

In the latest announcement from China's Ministry of Industry and Information Technology ("MIIT") regarding the 378th batch of the "List of Road Motor Vehicle Manufacturers and Products," two notable additions have caught the eye: "Spotlight Automotive Ltd." and "NIO Automotive Technology (Anhui) Co., Ltd." Both are marked as "newly established pure electric passenger vehicle manufacturing enterprises."

This inclusion signifies that these companies have sailed through relevant regulatory assessments and, pending the public notice period, are set to obtain the necessary production qualifications.

Newlink NaaS, FLEETIN, GAC Energy team up on EV charging service network development

Chinese charging service provider Newlink NaaS ("NAAS") recently joined hands with its strategic partner, FLEETIN, to collaborate with GAC Energy, a subsidiary of GAC Group. The partnership aims to enhance the accessibility of charging services for GAC Energy platform users by enabling the exchange and sharing of data resources between charging stations, further optimizing the charging service network for both parties.

China raises technology requirements for new energy vehicles to qualify for purchase tax reduction and exemption

In a joint announcement issued recently by China's Ministry of Industry and Information Technology ("MIIT"), Ministry of Finance, and State Administration of Taxation, significant changes to the technical requirements for tax reductions on new energy vehicles (NEVs) have been outlined. Effective January 1, 2024, vehicle models applying for inclusion in the "Catalog of NEV Models Eligible for Vehicle Purchase Tax Reduction and Exemption" issued by the MIIT must adhere to the specified technical requirements for NEV products.