Gasgoo Daily: SAIC-GM-Wuling's Binguo EV hits market in Thailand

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.

SAIC-GM-Wuling's Binguo EV hits market in Thailand

On July 8, SAIC-GM-Wuling’s Binguo EV officially hit the market in Thailand, with prices ranging from 419,000 baht to 449,000 baht (approximately 83,590 yuan to 89,670 yuan). Following the successful launch of the Wuling Air ev a year ago, the Binguo EV offers a new quality transportation option for Thai consumers.

Photo credit: SGMW

NavInfo predicts net loss of at least 295 million yuan in H1 2024

NavInfo announced that it expects a net loss of around 295 million yuan to 383 million yuan for the first half of 2024. For comparison, the company’s net loss was 295 million yuan in the same period last year.

Porsche's China sales plummet 33% YoY in H1 2024

Porsche reported global sales of 155,945 vehicles for the first half of 2024, which dipped 7% from same period last year. Sales in China dropped by 33% from that of a year ago to 29,551 vehicles.

Continental AG puts Changchun Jingyue factory’s phase II expansion project into operation

On July 8th, Continental AG announced that the Phase II expansion project of its factory in Jingyue High-tech Industrial Development Zone, Changchun city, Jilin province (called "Jingyue factory" for short) has officially commenced operations.

China has 24.72 million new energy vehicles running on roads by June 2024

As of the end of June 2024, the total number of motor vehicles in China has reached 440 million, including 345 million cars, 24.72 million units are new energy vehicles (NEVs), according to China's Ministry of Public Security.

GAC Group’s auto sales drop YoY in H1 2024, but car exports still surge

GAC Group recently reported automobile wholesales totaling 163,509 units in June 2024, marking a 30.77% decline year-over-year. For the first half of this year, the group's total wholesale volume reached 863,038 vehicles, representing a 25.79% decrease compared to the same period last year.

Huawei's Guangzhou R&D Center to complete Phase I in September

On July 9, the "Guangzhou Baiyun Fabu" WeChat account reported that the Phase I of Huawei's Guangzhou R&D Center is expected to be fully completed and delivered by September.

SENIOR receives intelligent connected vehicle road test permit in Ningbo

Recently, scenario-based autonomous driving solution provider SENIOR was awarded one of the first intelligent connected vehicle road test permits in Ningbo, Zhejiang province. The Ningbo Public Security Bureau will issue temporary licenses for these companies' self-driving vehicles, allowing them to conduct road tests, demonstration applications, and pilot operations in designated areas.

Flagchip, LEN Technology team up to enhance automotive chip solutions

Recently, automotive-grade chip companies Flagchip and LEN Technology announced the establishment of a strategic partnership. Currently, the two parties’ market integration has been completed, and the next step will involve deep collaboration to combine MCU and analog products for the automotive sector.

BYD, Ayvens sign MoU to boost green mobility in Europe

On July 2nd, BYD and Ayvens, a global sustainable mobility service company, officially signed a strategic cooperation memorandum of understanding (MoU) at BYD's headquarters in Shenzhen. The partnership aims to jointly promote the green transformation of transportation in Europe.

Dongfeng Motor plans to build dedicated auto parts division

On July 5, Dongfeng Motor Corporation (DFMC) announced the launch of an automotive parts project, establishing a dedicated Parts Division to centrally manage its components business. This strategic move aims to drive transformation and create a leading parts company with core competitiveness.

NEOLIX receives permit to launch unmanned delivery vehicle in Lishui city

Recently, unmanned cargo delivery vehicle maker NEOLIX received the first Intelligent Connected Vehicle Demonstration Application Notice from the city of Lishui, marking the official launch of its unmanned delivery vehicles on public roads in the city.

China’s new energy passenger vehicle outputs, wholesales both jump around 30% YoY in H1 2024

In the sixth month of 2024, China’s new energy passenger vehicle (NEPV) production and wholesale volumes came in at 933,000 units and 982,000 units, respectively, representing a 26.6% and 29% year-on-year jump, according to data provided by the China Passenger Car Association.