Gasgoo Daily: Geely Galaxy E5 set to make debut at Auto China 2024

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.

Geely Galaxy E5 set to make debut at Auto China 2024

On March 26, Geely's new energy vehicle range Galaxy announced that its latest all-electric SUV model has been named the Geely Galaxy E5. The new model is expected to make its debut at the Auto China 2024, set to open in April 2024, with a projected price range of 150,000 yuan to 200,000 yuan.

Geely Galaxy E5; photo credit: Geely Galaxy

SGMW releases images of Baojun Yep Plus model

On March 25, SAIC-GM-Wuling's Baojun brand unveiled images of the Baojun Yep Plus model, which rides on a fire new vehicle platform. The new model will feature a five-door design and offer five exterior color options. It is set to officially hit the market in April.

Baojun Yep Plus; photo credit: Baojun

All-New DENZA N7 to hit market on Apr. 1

The all-new DENZA N7 model from BYD's DENZA brand will officially hit the market on April 1. Positioned as a mid-size all-electric SUV, it features a brand-new front fascia design and optimized configurations. It has been reported that the new vehicle is already available at dealerships.

All-New DENZA N7; photo credit: DENZA

CATL, Tesla co-working on fast-charging battery development for EVs

During the first One Earth Summit held in Hong Kong on March 25, Zeng Yuqun, the Chairman and General Manager of CATL, revealed in an interview that the company is in collaboration with Tesla to develop fast-charging batteries for electric vehicles (EVs). The partnership focuses on researching new electrochemical structures and other battery technologies.

XPENG announces foray into ASEAN market

On March 26, during the 45th Bangkok International Motor Show, Chinese smart electric vehicle maker XPENG announced a long-term strategic partnership with Neo Mobility Asia, a leading Thai dealer group. This collaboration marks XPENG's official entry into the Association of Southeast Asian Nations ("ASEAN") market, signifying a crucial step in its global expansion strategy.

ZEEKR X's right-hand drive version debuts in Thailand

On March 25, 2024, the Bangkok International Motor Show raised its curtains, marking a significant presence for ZEEKR Intelligent Technology. The Geely-owned electric vehicle maker made a splash with the debut of its ZEEKR X, ZEEKR 009, and ZEEKR 007 models, introducing the right-hand drive version of the ZEEKR X to the global stage for the first time.

V2X solution developer PATEO bags 19-billion-yuan credit line from seven banks in China

On March 26, PATEO, a Chinese V2X tech company, signed credit agreements with seven banks, including the Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, Bank of Shanghai, Industrial Bank, and China Merchants Bank, securing a total credit line of 19 billion yuan.

Ji Yue rolls out V1.4.0 OTA upgrade with enhanced intelligent capabilities

On March 25, Ji Yue, the automotive robot (Robocar) brand jointly developed by Baidu and Geely, hosted the AI DAY 2024 event, where it announced the release of the OTA V1.4.0 software upgrade. This upgrade encompasses various domains, including intelligent driving, smart cabin, intelligent connectivity, and electrification.

BAIC Motor's 2023 annual revenue rises 3.9% YoY to 197.949 billion yuan

On March 25, BAIC Motor Corporation Limited (BAIC Motor) announced its annual performance for the year ended December 31, 2023. According to the financial report, BAIC Motor achieved a revenue of 197.949 billion yuan in 2023, representing a year-on-year rise of 3.93%.

Leapmotor's annual revenue hits new high in 2023

On March 25, Chinese new energy vehicle manufacturer Leapmotor released its full-year financial report for 2023, revealing record-high revenue and delivery figures.

According to the report, in 2023, Leapmotor's annual revenue reached 16.75 billion yuan, surging 35.2% compared to the previous year.

Horizon Robotics submits IPO prospectus to Hong Kong Stock Exchange

On March 26, Horizon Robotics, a leading provider of ADAS and AD solutions for passenger vehicles, officially submitted its IPO prospectus to the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley, and China Securities as its joint sponsors.

Great Wall Motor kicks off pre-sale of Shanhai POER pickup in Thailand

On March 25, Great Wall Motor's premium intelligent pickup truck, the Shanhai POER, made an impressive appearance at the Bangkok International Motor Show 2024 in Thailand, and officially commenced its pre-sale in the local market.