Gasgoo Daily: SERES Group forecasts 4.09%-7.02% YoY growth in 2023 annual revenue

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.

SERES Group forecasts 4.09%-7.02% YoY growth in 2023 annual revenue

On January 24, SERES Group, one of main car-making partners of Huawei, announced an estimated net loss of 2.1 billion to 2.7 billion yuan for the year 2023, representing a narrowing compared to the net loss of 3.83 billion yuan in the same period last year. Besides, the group anticipates achieving an annual operating income of 35.5 billion to 36.5 billion yuan in 2023, with a year-on-year increase of 4.09% to 7.02%.

AITO M7; photo credit: AITO

Shanghai deploys 354,000 new energy vehicles in 2023

Gong Zheng, Mayor of Shanghai city delivered the "Government’s Work Report," which reveals that last year, Shanghai implemented ten major actions to achieve carbon peaking. Notably, Shanghai deployed around 354,000 new energy vehicles (NEVs) in 2023, resulting in a cumulative NEV population in the city of 1.288 million units.

BYD Yuan UP said to hit market in March 2024

BYD recently teased its all-new A0-segment SUV, the BYD Yuan UP, which is said to hit the market in March this year.

BYD's Yangwang brand opens first Yangwang Center in Shanghai

On January 24, Yangwang, BYD's luxury new energy vehicle brand, celebrated the grand opening of its first flagship center in Shanghai. Nestled at 1381 Jiangyang South Road in Baoshan District, the Yangwang Center in Shanghai marks the brand's debut flagship center venue in the city. 

NETA Auto's NETA L model to be installed with zero-gravity seats from Adient

On January 22, Adient plc, a global automotive seating supplier, and Chinese new energy vehicle manufacturer NETA Auto jointly announced a significant collaboration. The forthcoming NETA L model, set to be launched this year, will be equipped with Adient's zero-gravity seating product.

NETA Auto's new vehicle model to incorporate Hesai Technology's AT128 LiDAR

On January 24, Chinese LiDAR manufacturer Hesai Technology announced a collaboration upgrade with NETA Auto, the new energy vehicle maker under Hozon Auto. The partnership aims to incorporate the cutting-edge 128-line ultra-high-definition LiDAR, AT128, into NETA Auto's upcoming vehicle model, creating the advanced NETA PILOT intelligent driving system designed to cover a wide range of travel scenarios. The new vehicle is set to debut in 2024.

Great Wall Motor boasts 26.26% YoY jump in 2023 annual revenue

On January 23, Great Wall Motor (GWM) unveiled its 2023 performance report, revealing a total operating income of 173.41 billion yuan, which jumped 26.26% year over year. 

IM Motors rolls out IM AD urban NOA function in Shanghai

On January 23, IM Motors, the premium intelligent electric vehicle brand co-founded by SAIC Motor, Zhangjiang Hi-Tech, and Alibaba, rolled out the IM urban NOA (Navigation on Autopilot) feature, marking the commencement of its global first trial.

Beijing Hyundai rolls off 12 millionth vehicle in end of 2023

In the closing days of 2023, Beijing Hyundai, the joint venture between BAIC Group and Hyundai Motor, celebrated the production milestone of its 12 millionth vehicle.