Gasgoo Daily: Leapmotor posts sales volume of nearly 300,000 vehicles in 2024

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.

Leapmotor posts sales volume of nearly 300,000 vehicles in 2024

On December 24, Zhu Jiangming, founder, chairman, and CEO of Leapmotor, announced that the company's annual sales are anticipated to reach nearly 300,000 vehicles in 2024, exceeding the target.

Photo credit: Leapmotor

XPENG X9 to enter Norwegian market in February 2025

XPENG intends to introduce its X9 model in Norway in February 2025. On December 20, the company achieved the delivery of its 10,000th new vehicle in Europe. It has accelerated the global business expansion this year, entering established automotive markets such as Germany, France, and the UK.

BYD starts internal testing of city navigation driver-assistance feature on Han series

BYD announced that internal testing for the city navigation driver-assistance feature has started in the Han series. During the testing, the vehicle has completed autonomous driving without human intervention on the Shenzhen-Zhongshan Link.

Construction of Tesla's Shanghai Megafactory reportedly nears completion

US electric vehicle maker Tesla's Shanghai Megafactory is anticipated to complete construction by the end of 2024, just seven months after breaking ground in May, marking a faster build speed than its Gigafactory, according to reports from local media outlets.

IM Motors hits delivery milestone of 100,000 vehicles

IM Motors, the premium electric vehicle maker co-backed by SAIC Motor, Alibaba Group, and Zhangjiang High-Tech, announced on December 23 that its cumulative delivery volume has surpassed 100,000 vehicles.

Hyperview establishes headquarters in Quzhou city

Chinese autonomous driving solution provider Hyperview (as known as Hongjing Drive) recently established its headquarters in Quzhou city, Zhejiang province, according to a post on the company's WeChat account.

Changan CS75 PLUS Ultra hits market, starting at 131,900 yuan

Changan Automobile officially put its compact SUV, the CS75 PLUS Ultra, onto the market on December 24. The new model is available in two variants, priced at 131,900 yuan and 139,900 yuan, respectively.

Tesla China offers 10,000-yuan discount on some in-stock Model Y vehicles

On December 24, Tesla China's official website introduced a new promotion, offering a 10,000-yuan discount on the final payment for selected in-stock Model Y vehicles. The promotion can be combined with a 5-year zero-interest financing plan, which is valid until January 31, 2025.  

HiRain Technologies provides intelligent driving solutions to JMC

HiRain Technologies received a mass-production partnership with Jiangling Motors Corporation (JMC) to deliver advanced intelligent driving solutions, cutting-edge AR HUD for smart cockpits, and intelligent connected solutions, the company announced via WeChat on December 24.

BAIC BJEV receives 8.15-billion-yuan capital injection

On December 24, BAIC BluePark announced the completion of a capital increase in its subsidiary, BAIC BJEV, raising 8.15 billion yuan from 11 strategic investors. Despite the infusion, BAIC BluePark remains the controlling shareholder, though its stake in BAIC BJEV has dropped from 99.99% to 71.69%. 

VOYAH sets annual sales target of 200,000 vehicles in 2025

On December 24, Mr. Shao Mingfeng, Deputy General Manager of VOYAH, the premium new energy vehicle brand under Dongfeng Motor, announced at a media event that the company plans to launch more than four new or refreshed models by 2025, aiming for annual sales of 200,000 vehicles.

QCraft so far delivers over 500,000 sets of 'Chengfeng' smart driving solutions

On December 25, autonomous driving solution provider QCraft announced that its mid-to-high-level intelligent driving solution, "Chengfeng," based on Horizon Robotics' Journey® 6M, has secured another mass production contract from a leading emerging automaker. The cumulative production and delivery volume of the Chengfeng series solution have now exceeded 500,000 sets.  

KargoBot sets up innovation R&D headquarters in Ordos, Inner Mongolia

DiDi-backed autonomous trucking solution provider KargoBot has achieved a milestone by exceeding 100 million tonne-kilometers in L4 autonomous bulk commodity transport. Its autonomous convoy operations have also surpassed 15 million kilometers, marking a significant step in commercial autonomous logistics, according to the company's announcement on December 24.  

IM Motors nabs 9.4 billion yuan in overall Series B financing

On December 25, IM Motors, the premium electric vehicle maker co-backed by SAIC Motor, Alibaba Group, and Zhangjiang High-Tech, announced the successful completion of its Series B1 equity financing, bringing its total Series B funding to 9.4 billion yuan.