Gasgoo Daily: YANGWANG delivers 5,000th YANGWANG U8 vehicle

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.

YANGWANG delivers 5,000th YANGWANG U8 vehicle

YANGWANG, the premium vehicle brand of BYD, announced on March 26 it has delivered the 5,000th YANGWANG U8 vehicle at the YANGWANG Center in Xi'an Hi-tech Industries Development Zone. It took the automaker only 132 days to hit the delivery milestone.

YANGWANG U8; photo credit: YANGWANG

Lynk & Co's Co Pad to debut on Lynk & Co 07 EM-P

Lynk & Co announced on March 27 the launch of the Co Pad tablet, which enables interconnection with multiple devices supported by Meizu's Flyme Link technology. The Co Pad will debut on the Lynk & Co 07 EM-P model.

2024 Geely Preface hits market

The 2024 Geely Preface model recently hit the market. Coming with two trim levels, it features a price range of 129,700 yuan to 138,700 yuan. As the annual upgraded model, the new car has optimized some configurations, while adding sporty exterior kits, and more.

BYD scores year-on-year leap in 2023 revenue, profit

For the year of 2023, BYD recorded yearly revenues of 602.315 billion yuan, which jumped 42.04% over a year earlier. Among which, the annual revenues from the automobile, related products, and other products amounted to around 483.453 billion yuan, leaping 48.9% from the previous year. Meanwhile, the sector of the handset components, assembly service and other products saw its revenue grow 20% year on year to 118.577 billion yuan.

NIO Energy, Geely team up in EV charging field

On March 27, Zhejiang Geely Holding Group Automobile Sales Co., Ltd. officially signed an open platform cooperation agreement with Wuhan NIO Energy Co., Ltd., according to a post on Geely Auto's Weibo account.

Under the agreement, vehicle owners of Geely's Galaxy range, GEOME range, Lynk & Co, ZEEKR, and smart brands will gain access to real-time information about NIO charging piles via their respective brand apps. This information includes location, pricing, availability, and navigation guidance, facilitating seamless charging experiences.

Unmanned delivery vehicle developer NEOLIX bags 600 million yuan in Series C financing

Chinese developer of unmanned delivery vehicles NEOLIX, recently completed a 600-million-yuan Series C financing round, according to its announcement on March 27.

11th-gen Hyundai Sonata hits Chinese market, starting at 139,800 yuan

On March 26, Beijing Hyundai officially put the 11th-generation Sonata onto the market with six variants ranging from 139,800 yuan to 186,800 yuan.

To attract customers, a special sales policy starting from 120,000 yuan was also introduced.

JAC Group, Huawei Device to co-boost HarmonyOS ecosystem advancement

On March 26, Chinese automaker JAC Group and Huawei Device Co., Ltd., signed a memorandum of understanding (MoU) to collaborate on the development of an intelligent information service platform.

Xiaomi invests heavily in intelligent driving, aiming to stand among industry leaders in 2024

Lei Jun, the CEO of Xiaomi, on March 26 announced on Weibo that Xiaomi is making significant investments in the field of intelligent driving, with its R&D team already surpassed 1,000 members, and is expected to exceed 1,500 by the end of the year.

Geely completes world's first unmanned vehicle drifting

Geely Auto announced on March 27 via its WeChat account that it recently achieved the world's first autonomous vehicle drifting using its proprietary Al digital chassis technology, marking a significant breakthrough the automaker has made in the global's intelligent safety and AI-enabled chassis technology fields.

Geely Galaxy's first all-electric SUV model named Galaxy E5

On March 26, Geely's new energy vehicle range Galaxy announced its first all-electric SUV model has been named the Galaxy E5. Alongside this unveiling, the company also shared a series of camouflaged vehicle images.

GAC AION's Hyper kicks off pre-sale of Hyper HT model in Thailand

On March 26, the media day of the 45th Bangkok International Motor Show, Hyper, the premium sub-brand of GAC AION, held a launch event for the Hyper brand in Thailand with the pre-sale of the Hyper HT model kicking off in this country at the same time.