Gasgoo Daily: Keeping You Updated on Automotive News in China
Gasgoo Daily is your go-to source for daily updates on the latest automotive news in China. Our team works tirelessly to bring you the most important developments in the industry, ensuring you stay informed and ahead of the curve. From new funding rounds to trademark applications and production milestones, we cover it all.
HOZON New Energy Aims for 4.5 Billion Yuan in Series E Funding
HOZON New Energy Automobile Co., Ltd., the parent company of NETA Auto, recently announced its plans to raise between 4 billion and 4.5 billion yuan in its ongoing Series E funding round. With a lead investor expected to contribute around 3 billion yuan, the company is set for significant growth in the coming years. During a recent shareholder meeting, HOZON outlined its operational development plans for the next three years, signaling its commitment to innovation and expansion.
SAIC Motor Ventures into New Territory with ‘Shangjie’ Trademark Application
SAIC Motor, a leading automotive manufacturer, has filed trademark applications for “Shangjie” and related terms, sparking speculation about a potential partnership with tech giant Huawei. Industry analysts believe that “Shangjie” could represent the name of a new co-branded venture between the two companies. While official statements are yet to be released, the move signals SAIC Motor’s foray into new and exciting opportunities in the market.
ONVO Gears Up for Launch of Flagship SUV
NIO’s sub-brand ONVO is making waves with the announcement that its second model, a six- or seven-seat flagship SUV, has entered the production validation stage. With plans for a third-quarter launch, ONVO is set to make a significant impact in the competitive SUV market, offering consumers a blend of luxury and performance.
Senior Auto Secures Autonomous Driving Project at Weihai Port
Senior Auto, a pioneer in autonomous trucking solutions, has been selected for an autonomous driving technology development project at Weihai Port in Shandong Province. The project aims to enhance efficiency and safety at the port, showcasing the potential of autonomous technology in industrial settings.
SERES Expands Its Portfolio Through Strategic Partnerships and Acquisitions
Chinese automaker SERES Group is on a growth trajectory, with recent approvals for asset purchases and strategic partnerships with leading institutions like Beihang University. By integrating industry-academia research and acquiring key assets, SERES is positioning itself as a key player in the evolving automotive landscape.
China’s Auto Market Shows Signs of Growth in Inventory Alert Index
The latest data from the China Automobile Dealers Association reveals a positive outlook for the country’s auto market, with the Inventory Alert Index showing year-on-year and month-on-month growth. With increased demand and strategic initiatives driving growth, the market is poised for a period of sustained expansion.
Xiaomi EV Achieves Milestone with Over 150,000 SU7 Deliveries
Xiaomi’s foray into the electric vehicle market has been met with success, as the company recently announced that deliveries of its SU7 model have surpassed 150,000 units. With a focus on innovation and customer satisfaction, Xiaomi is making waves in the competitive EV market.
Stay tuned to Gasgoo Daily for the latest updates on these and other key developments in the Chinese automotive industry. Our commitment to providing timely and insightful news ensures that you are always in the know.
