Gasgoo Daily: NIO offers up to 1-billion-yuan subsidy for oil-fueled car users switching to NIO vehicles

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 offers up to 1-billion-yuan subsidy for oil-fueled car users switching to NIO vehicles

On April 1, NIO announced a subsidy campaign of up to 1 billion yuan for users who will replace their oil-fueled vehicles with NIO's electric vehicles. 

Photo credit: NIO

FAW Group's auto sales rise 9.5% YoY in Q1 2024

FAW Group disclosed its sales data for January to March 2024 (Q1 2024), with its total vehicle sales exceeded 743,000 units, marking a 9.5% year-on-year increase. Sales of the group’s wholly-owned brands surpassed 208,000 vehicles, surging 46.1% from a year ago. Meanwhile, Hongqi brand’s sales reached over 100,300 units in the period, representing a 64.3% leap year-on-year.

GAC AION's Hyper brand so far deploys 1,200 super charging/battery swapping stations

As of April 1, 2024, GAC AION's Hyper new energy vehicle brand has operated a network of 1,200 super charging and battery swapping stations, which offers life-time free charging services for the entire Hyper lineup.

Ford China appoints Dr. Jia Mingdi as President of Lincoln China

Ford China announced on April 1 that Dr. Jia Mingdi will succeed Ms. Zhu Meijun as President of Lincoln China, reporting to Mr. Wu Shengbo (Sam Wu), President and CEO of Ford China, and Ms. Dianne Craig, President of Lincoln Global.

Dongfeng Motor unveils Aeolus L7 SUV powered by Mach PHREV technology

On March 30, Dongfeng Motor officially unveiled the Aeolus L7, the first SUV model to be equipped with the Dongfeng Mach PHREV technology. The new vehicle is set to appear at the Auto China 2024 in April.

Dongfeng Motor launches Mach PHREV technology

On March 30, 2024, Dongfeng Motor Corporation (hereinafter referred to as Dongfeng Motor) officially launched its Mach PHREV technology. The first model to feature this groundbreaking technology, the Dongfeng Aeolus L7, made its global debut.

Tesla raises Model Y’s price by 5,000 yuan in China

On April 1, Tesla's official website in China revealed price increases for the Model Y lineup. The Model Y Standard Range's price has risen to 263,900 yuan, the Long Range to 304,900 yuan, and the Performance to 368,900 yuan, with each seeing a 5,000-yuan increase.

Chery Holding deepens collaboration with Sichuan Province’s Yibin city

On March 30, Yibin city of Sichuan Province, held a signing ceremony to deepen cooperation with Chery Holding. Two rounds of agreements were signed on-site to further promote mutual exchanges and cooperation, jointly charting a grand blueprint for the development of the new energy vehicle industry.