Gasgoo Daily: NIO changes Q1 2024 delivery outlook

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.

NIO changes Q1 2024 delivery outlook

NIO Inc. announced on March 27 it had revised its delivery projections for the first quarter of 2024. According to the latest business update, the company anticipates delivering around 30,000 vehicles during this period, a slight adjustment from the previous estimate of 31,000 to 33,000 vehicles.

Photo credit: NIO

Changan UNI-Z hits market

On March 28, Changan Auto's new compact SUV model, the Changan UNI-Z, hit the market. Coming with three trim levels, it features a price range of 117,900 yuan to 131,900 yuan.

Photo credit: Changan Auto

Geely-backed InfiMotion closes Series A financing

InfiMotion Technology ("InfiMotion"), a subsidiary of Geely Holding Group, announced that it completed a Series A financing round totaling hundreds of millions of yuan on March 26.

Established in December 2021, InfiMotion is a developer of high-performance electric drive systems and components. The company's team boasts nearly 20 years of research and manufacturing experience in the fields of powertrain systems and electronic components.

Joyson Electronics' annual revenues grow 12% YoY in 2023

In 2023, Ningbo Joyson Electronic Corp. ("Joyson Electronics") continued its robust growth across various business sectors, achieving annual revenues of roughly 55.7 billion yuan, marking a year-on-year (YoY) growth of around 12%, according to the annual results it issued this week.

SiEngine closes Series B funding, targets million-unit shipments for SE 1000 chip in 2024

SiEngine, a Chinese provider of high-performance automotive-grade processor solutions, officially announced on March 28, that it successfully completed a Series B financing round worth hundreds of millions of yuan.

eVTOL developer TCab Tech secures $20 million Series A financing

TCab Tech, a Shanghai-based tech company specializing in electric Vertical Takeoff and Landing (eVTOL) aircraft, announced the completion of a $20 million Series A strategic financing round on March 26, 2024.

Desay SV's annual revenue exceeds 20 billion yuan in 2023, up 46.71% YoY

In the past year, Desay SV's annual revenue reached 21.908 billion yuan, marking a year-on-year surge of 46.71%. It reported a net profit attributable to shareholders of 1.547 billion yuan, jumping 30.57% from the previous year. Additionally, Desay SV secured new project orders with an annualized sales volume exceeding 24.5 billion yuan.

Changan Auto introduces Lumin BEV, DEEPAL S07, L07 REEV models to Thai market

On March 25, the 45th Bangkok International Motor Show officially kicked off. Changan Auto took the stage, introducing the Lumin alongside the extended-range versions of the DEEPAL S07 and L07 models. 

RoboSense's annual revenue doubles YoY in 2023

RoboSense, a leading provider of LiDAR solutions, on March 27 released its financial report for the year ended December 31, 2023. The report reveals significant growth in revenue and sales, albeit accompanied by an increase in net loss.

CATL, Yutong Group co-launch new battery with 15-year service life

On March 28, at a new energy commercial vehicle product launch event, Chinese commercial vehicle giant Yutong Group announced it has joined hands with CATL to launch a long-life battery capable of working 15 years and traveling up to 1.5 million kilometers.

SGMW unveils interior images of Baojun Yep Plus

SAIC-GM-Wuling ("SGMW") recently releases the interior images of the Baojun Yep Plus all-electric SUV model, which is set to hit the market in April this year.

XPENG announces foray into German market

On March 28, XPENG announced its official entry into the German market, with the Launch ("Shangshi" in Chinese Pinyin) Edition of the G9 and P7 models introduced at the same time, according to the Chinese automaker's WeChat post.