Gasgoo Daily: BYD intends to launch employee stock ownership plan

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 intends to launch employee stock ownership plan

BYD Company Limited announced on April 22 it planned to launch an employee stock ownership plan, with the total number of participants not exceeding 12,000.

Photo credit: BYD

Changan Automobile faces supply constraints on particular auto electronics parts

Changan Automobile is facing supply crunch on particular auto electronics parts, the automaker revealed on a Q/A platform of Shanghai Stock Exchange.

New Bestune B70 hits market

Bestune, an automotive brand owned by FAW Group, saw the new Bestune B70 recently hit the market. Coming with six trim levels, the refreshed model is priced between 105,900 yuan ($16,415) and 145,900 yuan ($22,615).

Hongqi starts presale of Hongqi LS7

Hongqi, the premium auto brand of FAW Group, on April 24 unveiled the Hongqi LS7 with the presale kicking off at the same time. As a flagship SUV under Hongqi, the LS7 carries a 4.0-liter V8 turbocharged engine.

Dongfeng Honda's e:NS1 to go on sale on April 26

The e:NS1, the first Honda-branded BEV model operated by Dongfeng Honda, will hit the market on April 26. The compact pure electric SUV will come with two CLTC-rated range options, 420km and 510km.

JAC Motors begins presale of Sehol X6

Chinese automaker maker JAC Motors recently began the presale of the Sehol X6. Coming with 5 variants, the model features a presale price range of 79,900 yuan ($12,385) to 114,900 yuan ($17,810).

Evergrande's EV unit to begin presale of Hengchi 5 in Q2

The Hengchi 5 is being produced at Evergrande Auto’s manufacturing plant in Tianjin. The automaker plans to begin the presale of the model in the second quarter of 2022 and then start scale delivery in the third quarter.

WeRide deploys Robotaxis, Robobuses in Bo'ao, Hainan

China's autonomous driving company WeRide deployed its Robotaxis and Robobuses to the newly founded V2X pilot area in Bo’ao Dongyu Island, Hainan province.

NIUTRON's Ziyoujia NV to come standard with 24 AAD functions

On April 22nd, China’s new energy vehicle startup NIUTRON released detailed onboard intelligence configurations of the Ziyoujia NV model, which will be delivered in the last quarter of 2022.

Pony.ai greenlighted for paid Robotaxi service in Guangzhou

On April 24th, Pony.ai announced that the company has become the first autonomous driving company to secure a government-approved taxi transport service permit in China as it won the bid in Guangzhou, Nansha district.

China's auto chip supplier NOVOSENSE goes public in Shanghai

On April 22nd, China’s automotive chip supplier NOVOSENSE officially started trading on the STAR Market board of the Shanghai Stock Exchange.

BYD-backed premium brand DENZA names first MPV ‘D9’

DENZA, a premium auto brand majority owned by BYD, named its all-new MPV model “D9”, which is expected for delivery in the second half of this year, the automaker said on April 22 via its twitter-like Weibo account.