Gasgoo Daily: 2025 BYD Song L EV hits market, starting at 189,800 yuan

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.

2025 BYD Song L EV hits market, starting at 189,800 yuan

On August 30, the Chengdu Motor Show 2024 raised its curtain, featuring a range of exciting new vehicle releases. Among them, BYD’s B-segment avant-garde crossover SUV under its Dynasty series, the 2025 Song L EV, officially hit the market. Coming with four trim levels, the model is priced between 189,800 yuan and 249,800 yuan.

Photo credit: BYD

HOZON Auto, BWI International team up in intelligent chassis field

On August 29, HOZON New Energy Automobile Co., Ltd. (“HOZON Auto”) and BeijingWest Industries International Limited (“BWI International”) officially signed a strategic cooperation agreement in Shanghai. This partnership will focus on the intelligent chassis domain, aiming to drive innovation in chassis domain control technology. The collaboration is set to enhance overall vehicle performance and improve user experience by leveraging the combined expertise of both companies in the rapidly evolving automotive industry.

Xiaomi EV so far deploys sales, service stores in 36 cities

On August 30, Xiaomi EV announced that its sales and service network now spans 36 cities, including 30 delivery centers, 110 sales stores, and 62 service stores. The company also revealed plans to further expand its reach, with a target to cover 59 cities by December this year.

VOYAH COURAGE kicks off pre-sale at Chengdu Motor Show, starting at 209,900 yuan

At the Chengdu Motor Show 2024, Dongfeng Motor's premium new energy vehicle brand VOYAH commenced pre-sale of its latest model, the COURAGE (known as the "Zhiyin" in China), offering four variants priced between 209,900 yuan and 266,900 yuan.

Li Auto unveils new intelligent driving system updates at Chengdu Motor Show 2024

On August 30, Chinese new energy vehicle maker Li Auto showcased its L Series and MEGA models at the Chengdu Motor Show 2024. It also launched OTA 6.2 version software upgrade, which includes several significant updates such as customizable parking spots, low-speed automatic emergency braking (AEB), opening the Li Showroom, and a new feature that allows users to lower ground locks at supercharging stations without exiting the vehicle.

BYD unveils new flagship MPV 'Xia' at Chengdu Motor Show 2024

On August 30, the Chengdu Motor Show officially kicked off, showcasing a range of new vehicles. Among the highlights is BYD's new flagship MPV model, the Xia, which is set to hit the market later this year with a starting price expected around 300,000 yuan.

BYD kicks off blind pre-orders of Seal 06GT all-electric sedan

On August 30, BYD introduced its new all-electric mid-sized sedan under its Ocean series, the Seal 06GT, at the Chengdu Motor Show 2024. The vehicle is now available for blind pre-orders, with prices ranging from 150,000 yuan to 200,000 yuan.

Hongqi HS7 PHEV hits market at Chengdu Motor Show

On August 30, FAW Group's premium passenger car brand Hongqi officially put the HS7 PHEV onto the market at the 2024 Chengdu Motor. The new plug-in hybrid electric SUV is available in two variants, with prices ranging from 315,800 yuan to 345,800 yuan.

Dongfeng eπ007 530Air goes on sale at Chengdu Motor Show at 131,600 yuan

On August 30, Dongfeng Motor's eπ new energy vehicle range released the eπ007 530Air edition variant to the market at the 2024 Chengdu Motor Show, with an official starting price of 131,600 yuan. The 530Air edition is positioned as the new entry-level battery-electric variant (BEV) in the lineup.

BMW to start producing battery system for Neue Klasse models in Shenyang in 2024

On August 27, BMW Group announced that it will begin trial production of its Neue Klasse models this fall. The inaugural trial production will take place at BMW's new factory in Debrecen, Hungary, where the paint shop is already operational. In China, the trial production of the sixth-generation battery systems for these models is expected to start by the end of the year, with full-scale production of the first Neue Klasse model scheduled for 2026 in Shenyang.

SAIC Motor reports YoY drop in H1 2024 revenue, but NEV business sees robust growth

SAIC Motor released its 2024 semi-annual financial results on Thursday, announcing revenue of around 277.086 billion yuan, which dropped 12.43% year on year. Its consolidated total revenue for the first half of this year reached roughly 284.69 billion yuan.

Great Wall Motor scores 419.99% YoY spike in H1 2024 net profit

In H1 2024, Great Wall Motor achieved revenue of 91.429 billion yuan, marking a 30.67% year-over-year jump. Its net profit attributable to shareholders surged 419.99% from the previous year to 7.079 billion yuan. Excluding non-recurring gains and losses, the net profit attributable to shareholders stood at 5.651 billion yuan, a tremendous year-on-year spike of 654.04%. Besides, gross profit reached 18.962 billion yuan, soaring 60.82% from the previous year. The average revenue per vehicle rose to 164,800 yuan, an increase of 29,900 yuan year-over-year, while net profit per vehicle climbed to 12,800 yuan, an increase of 10,100 yuan over the year-ago period. Gross profit per vehicle also rose significantly to 34,200 yuan, a 50.37% year-on-year spike.