Gasgoo Daily: BYD officially names previous OCEAN-M Concept as Seal 06GT

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 officially names previous OCEAN-M Concept as Seal 06GT

BYD has officially named the OCEAN-M concept car, which was first unveiled at the Auto China 2024 in Beijing, as the Seal 06GT. The new model is set to make its debut at the Chengdu Motor Show on August 30.

Photo credit: BYD

IM Motors to launch new LS6 at Chengdu Motor Show

IM Motors announced that the all-new LS6 model will be officially launched at the 2 Chengdu Motor Show later this month, with nationwide pre-sales starting simultaneously.

GAC AION Quark Drive 2.0 electric drive rolls off line

On August 23, GAC AION Quark Drive 2.0 electric drive, featuring breakthrough mass-produced amorphous alloy, rolled off the production line at Ruipai Power Technology’s factory. It boasts a 98.5% motor efficiency, 13kW/kg power density, and a motor speed of 30,000 rpm.

AVATR Technology introduces Kunlun range-extender technology

On August 21, 2024, AVATR Technology, the premium new energy vehicle company backed by Changan Automobile, Huawei, and CATL, officially launched its new range-extending technology, Kunlun, marking its entry into the range-extender market. The company plans to release multiple all-electric and range-extended models within 2024 to meet diverse, all-scenario mobility needs.

Foryou Corporation posts 46.23% YoY surge in H1 2024 revenue

Chinese automotive parts supplier Foryou Corporation recently announced its financial results for the first half of 2024 (H1 2024), showing significant growth in both revenue and profit.

EVE Energy's adjusted net profit rises 19.32% YoY in H1 2024

On August 22, Chinese power and consumer battery supplier EVE Energy Co., Ltd. ("EVE Energy") released its semi-annual financial report for 2024.

Xiaomi SU7 Ultra's mass-produced version to be launched in Q1 2025

On August 22, Xiaomi's Founder, Chairman, and CEO Lei Jun revealed that the mass-produced version of the Xiaomi SU7 Ultra, a racing prototype based on the SU7’s all-electric platform, is set to be launched in the first quarter of 2025.

Dongfeng Motor launches MAGE EV, BOX all-electric car models in Costa Rica

Chinese automaker Dongfeng Motor recently launched two new all-electric vehicle models, the DONGFENG MAGE EV and the DONGFENG BOX, in Costa Rica’s capital, San José, according to the company’s announcement via WeChat on August 22.

NEVs expected to make up 53.2% of China’s Aug. passenger car sales: CPCA

In August, retail sales of passenger vehicles in China are projected to reach approximately 1.84 million units, marking a 4.4% year-over-year decrease but a 7.0% increase from the previous month, according to the China Passenger Car Association ("CPCA").