Gasgoo Daily: GAC Group Expands Fully-Owned Fund to 1.16 Billion Yuan
GAC Group recently made an announcement regarding the expansion of the size of GAC Capital’s fully-owned fund, Guangdong Guangqi No.7 Equity Investment Partnership (Limited Partnership). The board approved an increase from 500 million yuan to 1.16 billion yuan. The fund will be managed by GAC Capital’s wholly-owned subsidiary, Guangzhou Yingpeng Private Equity Fund Management Co., Ltd.
FAW-Volkswagen to Recall Imported Audi-Branded Electric Vehicles in China
Starting June 15, 2024, FAW-Volkswagen will be recalling 251 units of the imported Audi e-tron GT and RS e-tron GT electric vehicles manufactured between July 26, 2022, and June 28, 2023. This recall is in response to a potential short circuit in the high-voltage battery modules, which could pose a fire risk in extreme cases.
2024 Wuling Binguo Hits the Market
SAIC-GM-Wuling has officially launched the 2024 Wuling Binguo, featuring upgrades to its exterior, interior, electric system, and driving experience. The vehicle is available in four variants, with prices starting at 56,800 yuan and going up to 84,800 yuan.
QCraft Secures Funding in Series C Round
QCraft, a provider of advanced intelligent driving solutions, recently completed its Series C funding round, securing several hundred million yuan. The investment was jointly led by Zhongguancun Science City and Cuihu Capital.
DEEPAL G318 Rugged Off-Road SUV Now Available
Changan Automobile’s new energy vehicle brand, DEEPAL, has launched the DEEPAL G318 hard-core electric SUV. The model comes in six variants, with prices ranging from 175,900 yuan to 318,000 yuan.
KargoBot Introduces L4 Autonomous Truck Convoy
KargoBot, a developer of DiDi’s autonomous truck solutions, has started Level-4 autonomous convoy demonstration operations on a major commodity transport route in Ordos, Inner Mongolia.
NETA Auto, CATL, 360 Security Technology, LynkVertx Collaborate on V2G Project
NETA Auto, CATL, 360 Security Technology Inc., and LynkVertx have signed a strategic cooperation agreement for the “V2G Smart Energy Demonstration Project” at NETA Auto’s Tongxiang Full-Ecosystem Smart Factory.
Xiaomi EV Achieves Delivery Milestone
Xiaomi EV recently announced that the cumulative delivery volume of its SU7 model has surpassed 20,000 units.
Tencent and GAC Group Enhance Strategic Partnership
Tencent and GAC Group have announced an upgrade to their strategic partnership, focusing on developing next-generation hybrid cloud infrastructure to support GAC Group’s advancements in intelligent driving, smart cockpits, enterprise digitalization, and global market expansion.