Gasgoo Daily: Tesla slashes prices again in China

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.

Tesla slashes prices again in China

On November 24, Tesla China announced a new promotion for its Model Y locally manufactured by its Shanghai factory. Customers who place an order and take delivery by December 31 will receive a 10,000-yuan discount, along with a five-year, zero-interest loan option. For instance, the Model Y RWD version is now priced at 239,900 yuan after the discount.

Model Y; photo credit: Tesla China

BYD to launch new-generation Blade Battery in 2025

On November 25, during an interview at the the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP29), the managing director of BYD Central Asia in European Auto Sales Division, Cao Shuang, revealed that BYD plans to launch its new-generation Blade Battery in 2025. The new battery will enhance vehicle range and extend battery lifespan.

ZEEKR MIX becomes first smart EV in Shanghai Auto Museum's collection

On November 26, the ZEEKR MIX officially joined the Shanghai Auto Museum's collection, becoming the first smart pure electric vehicle to be included in the museum's exhibits.

Changan Automobile, CATL, CAES form cooperation on battery swap project

On November 22, Changan Automobile, CATL, and CATL's subsidiary CAES held a signing ceremony in Chongqing to formalize their tripartite cooperation on battery-swapping projects. The event marked the simultaneous market launch of Changan's Oshan 520 model, the first vehicle equipped with CATL's new-generation Choco-SEB (swapping electric block ) technology, and the corresponding Choco-SEB battery swap stations.

CATL launches TIANXING series batteries for heavy-duty commercial vehicles

On November 25, CATL unveiled its TIANXING battery series for heavy-duty commercial vehicles, promising breakthroughs in range, charging speed, and safety standards.

NIO's CEO highlights goal of achieving profitability by 2026 in internal letter

On November 25, marking NIO's 10th anniversary, the company's founder, chairman, and CEO, William Bin Li, addressed all employees with an internal letter titled "Stay True, Focus on Action" (title in translation). In the letter, he underscored the critical importance of the next two years for NIO's growth, emphasizing that achieving profitability by 2026 hinges on doubling sales in 2024, launching competitive new products, and continuously improving operational efficiency.

Hyundai Motor Company inks MoU with Guangzhou, Ulsan cities to propel hydrogen industry cooperation

On November 25, Hyundai Motor Company signed a Memorandum of Understanding (MoU) with local government of China's Guangzhou city and South Korea's Ulsan city on promoting the cooperation in hydrogen industry.

LUXEED R7 secures over 42,000 units of fixed orders within 2 months on market

On November 26, HIMA, Huawei's smart car alliance, announced that it has secured over 42,000 units of fixed orders for its mid-to-large all-electric SUV, the LUXEED R7, only two months after the model's market launch.

Lynk & Co Z20 to go on sale in China in December

Lynk & Co will put its first all-electric SUV, the Lynk & Co Z20, onto the Chinese market on December 22, according to a local media outlet. A more affordable entry-level version with a shorter range is expected to be launched as well, further lowering the price threshold.

Huawei, JAC co-developed luxury electric sedan 'MAEXTRO S800' starts pre-orders

On November 26, Huawei hosted its Mate brand product launch, where the company officially unveiled the MAEXTRO S800, an ultra-high-end electric sedan developed by the Harmony Intelligent Mobility Alliance in collaboration with JAC Group.

Automotive chip supplier SENASIC completes D+ financing round

Chinese automotive chip design company SENASIC recently announced the successful completion of its D+ round financing. The round, finalized in July and November 2024, will fuel SENASIC's ongoing technology upgrades. 

DEEPAL S07 secures 60,171 units of orders in four months on market

DEEPAL, Changan Automobile's new energy vehicle brand, announced on November 25 that it has received 60,171 units of orders for the S07 model since its official market launch four months ago. 

Baidu said to begin Robotaxi trial operations in Hong Kong

Baidu's autonomous ride-hailing (Robotaxi) platform, Apollo Go, is set to launch trial operations in Hong Kong, with initial testing at the airport expected to start by the end of 2024, according to a report by Hong Kong-based TVB News.

Hesai Technology boasts 21.1% YoY jump in Q3 2024 revenue

On November 26, LiDAR tech company Hesai Technology released its unaudited financial results for the third quarter (Q3) of 2024, reporting revenue of 540 million yuan, representing a 21.1% year-on-year jump.