Gasgoo Daily: GAC AION's Hyper brand to operate over 100 direct stores in 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.

GAC AION's Hyper brand to operate over 100 direct stores in 2024

On June 13, during GAC AION's mid-year brand development meeting, General Manager Gu Huinan announced that the Hyper brand will establish over 100 direct flagship stores by the end of the year. As of June 2024, the number will reach 32.

Photo credit: Hyper

ARCFOX α S5 to hit market on June 15

ARCFOX announced on June 12 that its all-electric mid-size sedan, the α S5, will officially hit the market on June 15. The car, which began presales in April, offers the 650 ULTRA and 708 MAX models, priced at 199,800 yuan and 219,800 yuan, respectively.

Shenzhen promotes NEV innovation, V2G technology

The Shenzhen Development and Reform Commission issued measures to support the rapid development of virtual power plants. The measures encourage new energy vehicle (NEV) manufacturers to innovate and implement vehicle-to-grid (V2G) functionality. Key projects involving V2G charging stations and other core equipment may receive up to 15 million yuan in support upon review.

Black Sesame Technologies passes listing hearing on Hong Kong Stock Exchange

On June 12, Black Sesame Technologies, a prominent player in the autonomous driving chip sector in China, achieved a significant milestone by passing the Hong Kong Stock Exchange (HKEX) listing hearing. This marks another crucial step towards its listing on the HKEX.

JAC Group posts 11.83% YoY dip in May auto sales

On June 12, Chinese automaker JAC Group announced it sold 34,568 vehicles in the fifth month of this year, which dropped 11.83% year on year but climbed 8.37% month on month.

Seres Group teams with Chongqing University of Posts and Telecommunications

On June 12, Seres Group, the parent of the new energy vehicle brand AITO, signed a strategic cooperation agreement with Chongqing University of Posts and Telecommunications, aiming to leverage the development trends and market needs of the automotive industry both domestically and internationally.

Dongfeng Motor’s MHERO 1 luxury electric off-roader hits Spanish market

On June 6, Dongfeng Motor's luxury electric off-roader brand, MHERO Technology, officially launched its MHERO 1 (known as the MHERO 917 in China) in Spain, the automaker announced on June 12.