Gasgoo Daily: BYD FANGCHENGBAO’s BAO 8 gains regulatory approval from MIIT

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.

BYD FANGCHENGBAO’s BAO 8 gains regulatory approval from MIIT

FANGCHENGBAO, the personalized brand of BYD, saw its BAO 8 model pass the application process with China’s Ministry of Industry and Information Technology (MIIT). The BAO 8, based on BYD's Dual Mode Off-road (DMO) Super Hybrid Platform, is scheduled for market launch in the second half of this year.

Rising Auto’s RC7 to hit market in 2024

Official sources revealed that Rising Auto's new mid-size SUV, the RC7, will hit the market within this year. The letter “R” stands "Rising," “C” for "Cozy," and “7” reflects the model’s market position. The RC7 aims to provide users with a differentiated experience of "smart comfort" travel.

Photo credit: Rising Auto

Volvo Car's Sixiangjia Financial Leasing company issues 1.295-billion-yuan asset-backed notes

On May 13, Volvo Car's Sixiangjia Financial Leasing (Shanghai) Co., Ltd., in partnership with its collaborators, successfully issued asset-backed notes (ABN) on the interbank market, with a total issuance scale of 1.295 billion yuan.

Ji Yue 07 included in MIIT’s catalogue, to hit market in H2 2024

Ji Yue, the automotive robot (Robocar) maker jointly backed by Geely and Baidu, saw its second production model, the Ji Yue 07, included in the latest application information from China’s Ministry of Industry and Information Technology (MIIT), signaling its imminent mass production.

Geely Holding boasts 29% YoY jump in Apr. sales

Zhejiang Geely Holding Group ("Geely Holding") announced on Thursday that its automobile sales volume reached around 247,300 units in the fourth month of 2024, jumping 29% year on year (YoY).

Baojun releases official images of new intelligent SUV ‘Yun Hai’

On May 13, SAIC-GM-Wuling ("SGMW")'s Baojun brand unveiled the official images of its latest intelligent SUV, dubbed "Baojun Yunhai" ("云海" in Chinese, translating to "cloud sea"). This vehicle, built on the Tianyu architecture D platform, introduces the next generation of Lingmou intelligent driving technology (a Bird’s-Eye-View architecture developed by YIHANG. AI), marking Baojun's first long-range intelligent SUV.

XPENG launches AI-powered Tianji OS for intelligent driving, smart cockpit

Chinese EV maker XPENG recently launched its all-new AI-powered Tianji OS at the Auto China 2024. This marks the industry's first comprehensive application of AI technology in both intelligent cockpits and smart driving systems, said XPENG.

Smartphone maker Meizu names first vehicle model Meizu MX

Meizu, the Geely-backed Chinese smartphone maker, revealed on its Flyme Auto website that its first-ever car model will be named the Meizu MX. This model will feature the Flyme Auto intelligent vehicle system.

XPENG announces foray into Australian market

Chinese new energy vehicle maker XPENG on May 11 announced an exclusive cooperation agreement with Australia's TrueEV, marking its official entry into the Australian market.

Chongqing’s Liangjiang New Area inaugurates international NEV brand center

On May 12, the Liangjiang New Area of Southwest China's Chongqing municipality inked a strategic cooperation agreement with the Equipment Center of China's Ministry of Industry and Information Technology (MIIT), marking the official debut of the International New Energy Vehicle Brand Center, which finds home in the Liangjiang New Area.

China’s power battery installed capacity in April 2024 surges 40.9% YoY

In April 2024, China's installed capacity of power batteries reached 35.4 GWh, marking a year-on-year rise of 40.9% and a month-on-month surge of 1.4%, according to data by the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

DEEPAL’s new model L07 receives regulatory approval from MIIT

DEEPAL, the new energy vehicle brand under Changan Automobile, has recently passed the application process with China’s Ministry of Industry and Information Technology (MIIT) for its L07 model.