Gasgoo Daily: Flytek, Chery, Lenovo, NIO-backed companies co-launch private equity fund

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.

iFlytek, Chery, Lenovo, NIO-backed companies co-launch private equity fund

A new private equity fund management company, Huishang Gongchuang (Anhui) Private Equity Fund Management Co., Ltd. (name in Chinese pinyin), was recently established with a registered capital of 30 million yuan, according to corporate database Tianyancha. Shareholders of the new company include subsidiaries of iFlytek, Chery, Lenovo, and NIO. 

Saimo Technology debuts on HKEX

On January 15, Beijing Saimo Technology Co., Ltd., a Chinese company specializing in intelligent connected vehicle simulation testing solutions, officially went public on the Hong Kong stock market.

Chip design firm VISINEX Technology secures nearly 100 million yuan in new funding round

Chip design company VISINEX Technology recently raised nearly 100 million yuan in its latest funding round. The investment, led by prominent firms like Shenzhen Capital Group and Sunic Capital, will support VISNEX Technology in core product R&D and market expansion efforts. 

Photo credit:  VISINEX Technology

BYD Tang L shown in China MIIT's filing

The BYD Tang L model has been included in a catalogue recently issued by China's Ministry of Industry and Information Technology (MIIT).

China's SEMCORP, WELION New Energy ink deal for battery electrolyte membrane transaction

On January 14, Yunnan Energy New Materials Co., Ltd. (SEMCORP), a Chinese lithium-ion battery separator film supplier, announced that its subsidiary Shanghai SEMCORP had signed a long-term supply agreement with Beijing WELION New Energy Technology Co., Ltd. (WELION New Energy).

BMW Group so far delivers over 400,000 new energy vehicles in China

BMW Group recently unveiled its 2024 sales figures in the Chinese market, reporting a total delivery of 714,500 vehicles under both BMW and MINI brands. This number showcases a 13.4% year-on-year drop compared to the previous year.

SAIC-GM-Wuling unveils more details of Hongguang MINIEV's four-door edition

SAIC-GM-Wuling (SGMW) recently revealed more detailed features about the Hongguang MINIEV's four-door edition, according to a post on Wuling Global Silver Badge's WeChat account.

JETTA VA7 hits market, starting at 99,777 yuan

On January 12, FAW-Volkswagen (FAW-VW), the joint venture between FAW Group and Volkswagen Group, officially put the JETTA VA7 model onto the market. The vehicle is available in three variants, priced between 99,777 yuan and 129,777 yuan.

China's first tonne-level liquid-hydrogen-powered eVTOL aircraft completes test flight

On January 9, Dream Fly Technology Co., Ltd. (Dream Fly), in collaboration with Shaanxi Tongchen Heguang Cryogenic Technology Co., Ltd. (Tongchen Heguang Cryogenic Technology) and Beijing JiaQing New Energy Technology Co., Ltd. ("JiaQing" is Chinese Pinyin, dubbed "JiaQing New Energy" for short), successfully conducted the test flight of China's first tonne-level hybrid tiltrotor electric vertical take-off and landing (eVTOL) aircraft powered by liquid hydrogen.

XPENG G7 compact SUV unveiled in MIIT's catalogue

A recent filing in the latest batch of China's Ministry of Industry and Information Technology's vehicle catalog unveiled the XPENG G7, a compact all-electric SUV likely priced around 250,000 yuan. The model is expected to be launched later in 2025.

SAIC-GM to launch new-gen integrated vehicle architecture, smart driving platform in 2025

On January 13, 2025, SAIC General Motors (SAIC-GM), the joint venture between SAIC Motor and General Motors, hosted a media briefing to outline its strategic priorities for the new year.

Great Wall Motor expects annual net profit to surge up to 85.14% in 2024

Great Wall Motor Company Limited ("GWM") anticipates a net profit attributable to shareholders of 12.4 billion yuan to 13 billion yuan for 2024, marking an increase of around 5.38 billion yuan to 5.98 billion yuan compared to the previous year. This represents a year-on-year surge of 76.6% to 85.14%.

IM Motors, Global Car-Sharing & Rental team up on offering car rental services

IM Motors and Global Car-Sharing & Rental Co. Ltd. recently signed a comprehensive strategic cooperation agreement, with plans to jointly deploy nearly 1,000 premium new energy vehicles under the IM brand across China's car rental market.

Pony.ai expands driverless autonomous vehicle tests to highways in Beijing

On January 14, autonomous driving solution provider Pony.ai announced the commencement of driverless autonomous driving tests on highways and urban expressways in the city of Beijing. The company is among the first to receive a license for "driverless with safety operator on passenger seat" testing on such roads, marking a significant milestone in Beijing's push for unmanned autonomous driving.

WeRide to launch pilot project with Robotaxi, Robobus in Switzerland

A pioneering autonomous driving pilot project in Switzerland has officially commenced, co-funded by the Canton of Zurich and Schweizerische Bundesbahnen (SBB) and managed by the Swiss Transit Lab (STL). Autonomous driving technology company WeRide will provide vehicles and technical support for the project, further solidifying its international market presence with its advanced L4 technology.