Gasgoo Daily: Global Technology closes new round of financing

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.

Global Technology closes new round of financing

Chinese brake-by-wire system supplier Global Technology, which previously announced the completion of its Series C financing in April 2023, has successfully secured its first funding round of 2024. The primary objective of this financing initiative is to fast-track the domestication process of the core chassis-by-wire systems.

Photo credit: Global Technology

SVOLT, Banpu NEXT cement cooperation

On February 27, Chinese power battery supplier SVOLT and Banpu NEXT, a subsidiary of the global energy giant Banpu Group, stepped up their collaboration by signing a strategic cooperation agreement. Built on their joint venture, this innovative business collaboration aims to further deepen their localized partnership in the fields of energy storage, battery cells, and recycling, and help SVOLT’s Thailand factory solidify its leading edge in the lithium-ion battery industry in Thailand, and other countries and regions in Southeast Asia.

ARCFOX launches two car models in Laos

On February 22, 2024, BAIC BluePark's premium new energy vehicle brand, ARCFOX, hosted a grand event in Laos, combining the launch of new models and the new store inauguration. The ceremony marked the official introduction of the ARCFOX αT and αT5 models to consumers in this country.

SVOLT starts operation of battery factory in Thailand

On Feb. 28, Chinese power battery supplier SVOLT held a ceremony to celebrate the production commencement of its Thailand battery factory, with volume product delivery kicking off as well, according to a post on its WeChat account.

This significant production milestone signifies SVOLT's remarkable achievement of achieving localized battery supply in Thailand within just five months, further enhancing the company's footprint in the new energy industry across the Asia-Pacific region.

BYD Han, Tang Honor Editions hit market

On February 28, the BYD Han and the BYD Tang Honor Editions officially hit the market. Compared to the current models, the changes in the Han and Tang Honor Editions are minor, mainly focusing on some details. The new lineup comprises 14 models, with prices ranging from 169,800 yuan to 259,800 yuan.

Baidu-backed DeepWay delivers 100 intelligent new energy heavy-duty trucks to client

On February 27, DeepWay, the smart new energy truck developer supported by Baidu, handed over 100 vehicles to Guoke Zhiyun (Shandong) New Energy Technology Co., Ltd., primarily for use in logistics arteries such as the Linyi Modern Logistics Park and the route from Linyi Port to Qingdao Port.

BYD displays diverse vehicle lineup at Geneva Motor Show 2024

On February 26, BYD made a significant presence at the Geneva International Motor Show 2024 with eight new energy vehicle (NEV) models showcased, marking its commitment to further expanding its global footprint and helping promote eco-friendly transportation.

Former Changan software expert Han Sanchu takes on as CEO of CARIAD China

On February 28, CARIAD China announced that Han Sanchu would assume the role of the company's Chief Executive Officer, replacing Chang Qing, to lead CARIAD's operations in China.

EXEED starts pre-sale of Yaoguang C-DM SUV at 172,800 yuan

On February 26, Chery's EXEED brand kicked off pre-sale of the Yaoguang C-DM, touted as the "super comfortable plug-in hybrid flagship SUV." The pre-sale prices are as follows: the Long Range Plus at 172,800 yuan, the Long Range Pro at 182,800 yuan, the Ultra Long Range Pro at 202,800 yuan, and the Ultra Long Range Max at 222,800 yuan.

All-new ZEEKR 001 hits market, offering significant upgrades with starting price unchanged

Geely's premium new energy vehicle brand, ZEEKR, unveiled the newly revamped ZEEKR 001 model on February 27. With four new variants offered, the model features official prices ranging from 269,000 yuan to 329,000 yuan.

EXEED rolls out first OTA update for STERRA ES with optimized intelligent driving features

Chery's EXEED brand recently initiated its first large-scale Over-the-Air (OTA) update for the STERRA ES model, introducing over 60 feature enhancements across various dimensions including intelligent driving, smart cabin, interactive systems, and intelligent chassis.

Dongfeng Forthing to launch two new-platform-based new energy vehicle models in 2024

Dongfeng Liuzhou Motor Co., Ltd., the company behind Dongfeng's Forthing passenger vehicle brand, recently hosted its 2024 Partner Conference, marking the official start of its accelerated transition to new energy vehicles.