Gasgoo Daily: Geely Automobile raises annual sales target to 2 million 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.

Geely Automobile raises annual sales target to 2 million vehicles

On July 2, Geely Automobile Holdings Limited ("Geely Automobile") held its 2024 Q1 financial performance briefing. During the meeting, Geely Auto Group CEO Gan Jiayue revealed that in the first half of 2024, Geely Automobile sold a total of 950,000 vehicles, achieving 50% of its initial annual sales target of 1.9 million units. Based on positive expectations for the second half of the year, the company has raised its annual sales target to 2 million units.

Geely Galaxy E8; photo credit: Geely Galaxy

Marelli names new president for Chinese market's business

Leading mobility supplier Marelli recently announced that, effective July 1, 2024, Mr. Kelei Shen would assume the role of the group’s Global Executive Vice President and President of Marelli China. Mr. Shen will be fully responsible for driving Marelli's growth strategy in the Chinese market.

2025 Jaguar F-PACE hits Chinese market

On July 1, the 2025 Jaguar F-PACE officially hit the Chinese market, offering three variants priced between 478,000 yuan and 668,000 yuan. As an annual facelift, the new model primarily features upgraded driver assistance systems and offers a choice of 2.0T and 3.0T engines.

XPENG offers global debut of MONA M03 all-electric car

On July 3, the MONA M03, the first production model under XPENG's fire new MONA series, made its global debut, while its interior details remain confidential. The MONA M03 targets the 100,000-yuan to 150,000-yuan market. Pre-orders are now open, with the official market release scheduled for August.

GWM POER rolls off 600,000th pickup truck

On July 1, Great Wall Motor (GWM) announced that the 600,000th GWM POER pickup truck has officially rolled off the production line.

SERES Group signs strategic partnership with Auto Talents Committee of China Talents Society

On July 2, Chinese automaker SERES Group signed a strategic cooperation agreement with the Auto Talents Committee of China Talents Society. The partnership aims to promote the integration and development of high-end automotive talent strategies, supporting the intelligent connected new energy vehicle industry's high-quality growth.

SERES Group to acquire Huawei's AITO series trademarks, patents

On July 2, SERES Group, the automaker co-developing the AITO series vehicles with Huawei, announced that its subsidiary, SERES Automobile Co., Ltd. (SERES Auto), plans to acquire 919 registered or pending text and graphic trademarks, including the AITO series, along with 44 related design patents from Huawei for a total of 2.5 billion yuan.

Neusoft Reach partners with TASKING in automotive software R&D field

Recently, Neusoft Reach, the automotive software arm of Neusoft, and TASKING signed a strategic cooperation agreement. The partnership aims to leverage their combined expertise in automotive foundational software, autonomous driving, electrification, embedded tools, and automotive functional safety to jointly develop and promote high-performance, high-reliability automotive software platform products and solutions.

Honda Motor sees China sales drop 21.48% YoY in H1 2024

Honda Motor announced that its retail sales in China for June 2024 totaled 68,966 vehicles. Compared to the same period of last year, this volume represents a year-on-year drop of 39.04%.

SAIC Audi boasts 107% YoY surge in H1 2024 auto sales

In the first half of 2024, SAIC Audi sold nearly 20,000 vehicles, marking a significant 107% surge compared to the same period last year, the luxury carmaker announced via its WeChat account. This volume represents two-thirds of its total sales for the previous year.

EHang, CSGAC sign MoU to team up on unmanned eVTOL operation

On July 1, EHang, an urban air mobility (UAM) technology platform company, announced the signing of a strategic cooperation memorandum of understanding (MoU) with China Southern Airlines General Aviation Company Limited ("CSGAC"), a strategic emerging industry unit under China Southern Airlines, according to a post on EHang's WeChat account. This partnership will focus on the operation and comprehensive support of EHang's unmanned eVTOL (electric vertical take-off and landing) aircraft, aiming to foster new business models in the low-altitude economy.