Gasgoo Daily: Production of VW, XPENG co-developed car model to begin in 2026

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.

Production of VW, XPENG co-developed car model to begin in 2026

On February 5, Volkswagen Group (China) released a statement, declaring that the new Volkswagen-branded vehicle model developed in collaboration with XPENG will commence production in Hefei city in the year 2026.

Photo credit: Volkswagen Group

Volvo Cars rolls off first mass-produced unit of EM90 MPV

On February 6, Volvo Cars officially announced that the first mass-produced unit of the Volvo EM90 all-electric MPV has rolled off the production line.

ZEEKR begins delivering ZEEKR 007's AWD performance version

ZEEKR, the premium electric vehicle brand under Geely Auto, recently announced it has began official delivery of the ZEEKR 007’s all-wheel-drive performance version. Prior to this, the standard edition of ZEEKR 007 (rear-wheel-drive and the non-performance all-wheel-drive variants) began deliveries on January 2.

Changan Automobile achieves 63.19% YoY spike in Jan. auto sales

Chinese automaker Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") sold 280,367 vehicles in the first month of 2024, representing a 63.19% soar year-on-year.

Nissan China posts 37.95% YoY surge in January sales

On February 6, 2024, Japanese automaker Nissan Motor revealed its performance for January 2024 in the Chinese market, showcasing a double-digit surge from that of the previous year.

NIO Capital raises over 3 billion yuan in 2nd RMB fund

NIO Capital announced on Feb. 5 it has already achieved the successful closure of its second RMB fund, securing more than 3 billion yuan. The fund will continue to concentrate its investments in the mobility & logistics, new energy, and frontier technology sectors.

Honda Motor sees China retail sales soar 57.3% YoY in Jan. 2024

Honda Motor reported this week a retail sales volume of 100,960 vehicles for its China market for the month of Jan. 2024, which surged 57.3% year on year, but plunged 39.1% month on month.

FAW Group boasts 54.2% YoY surge in Jan. auto sales

In the first month of 2024, Chinese automaker FAW Group witnessed all-around growth in sales across its entire sub-brand lineup compared to a year ago.

SERES inaugurates super factory, delivers first batch AITO M9 SUVs to users

On February 5, in Chongqing city, Chinese automaker SERES saw its super factory complete construction and start operation. In the meantime, the first batch of the AITO M9 vehicles were delivered to users.

BYD joins hands with MANNAI CORPORATION to promote new energy vehicles in Qatar

BYD recently announced a strategic collaboration with the renowned Qatari dealer, MANNAI CORPORATION. The partnership aims to bring a diverse range of new energy vehicles to the Qatari market, contributing to the realization of Qatar's 2030 vision for electrification in the automotive industry.