Gasgoo Daily: Changan Automobile aims to sell 5 million vehicles annually by 2030

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.

Changan Automobile aims to sell 5 million vehicles annually by 2030 

Changan Automobile Chairman Zhu Huarong announced at the 4th CHANGAN Tech Ecosystem Conference that the company targets annual sales of 5 million vehicles by 2030, with 30% of sales coming from overseas markets.

Photo credit: Changan Automobile

ZF's electric park brake system production nears 100 million sets in China 

ZF recently revealed that its electric park brake (EPB) production has surpassed 250 million sets globally, making it the first company to reach this milestone. Since 2007, ZF has produced nearly 100 million sets of EPB in China, with facilities in Zhangjiagang, Wuhan, and Langfang cities.

Lynk & Co incorporates sales service company in Changsha 

Lynk & Co recently established a new sales and service company in Changsha, the capital of Hunan Province, according to Chinese corporate database Tianyancha. The new company’s business scope includes sales of new energy vehicles, smart drones, and intelligent robots.

CATL sees revenue drop YoY in Q3 2024, but net profit jumps

On October 18, Chinese battery giant CATL released its financial results for the third quarter of 2024 (Q3 2024). The report revealed that CATL's revenue for Q3 stood at 92.278 billion yuan, marking a year-on-year decrease of 12.48%. However, its net profit attributable to shareholders jumped 25.97% from a year ago to 13.136 billion yuan. Excluding non-recurring items, the net profit rose 28.58% year-on-year to 12.122 billion yuan.

Zhixin Semiconductor closes Series B financing

Automotive chip supplier Zhixin Semiconductor Co., Ltd. recently completed its Series B funding round, which raised for the company hundreds of millions of yuan.

Changan Automobile inaugurates digital intelligent factory co-developed with China Unicom, Huawei

On October 21, Changan Automobile officially inaugurated its new digital intelligent manufacturing factory, developed in collaboration with China Unicom and Huawei. The AVATR 07, a mid-size SUV, became the first vehicle to roll off the production line at the new facility.

DEEPAL S05 compact new energy SUV hits market, starting at 119,900 yuan

On October 20, Changan Automobile’s new energy vehicle brand DEEPAL officially put its first compact SUV, the DEEPAL S05, onto the market, offering six trim levels across battery-electric (BEV) and range-extended electric (REEV) powertrain solutions. Its prices range from 119,900 yuan to 149,900 yuan. The vehicle is available for immediate delivery.

Shineray Motors, BWI Group forge strategic partnership in intelligent chassis field

On October 17, Shineray Motors and BWI Group officially signed a strategic cooperation agreement, focusing on advancing innovations in intelligent chassis systems, according to a post on BWI Group's WeChat account. The partnership aims to accelerate the development and deployment of domain-controlled chassis technologies.

BYD Seal 06 GT model hits market, starting at 136,800 yuan

On October 18, BYD officially put the Seal 06 GT, its first GT model designed specifically for young drivers, onto the market, with prices ranging from 136,800 yuan to 186,800 yuan.

BYD, Black Myth: Wukong enter into strategic partnership

On October 20, BYD announced a global strategic partnership with the popular Chinese video game Black Myth: Wukong, becoming its exclusive automotive brand partner.

Chery celebrates production milestone of 15 million vehicles

On October 19, Chery Automobile achieved a significant milestone with the rollout of its 15 millionth vehicle globally.