Gasgoo Daily: Bringing You the Latest Automotive News in China
Gasgoo Daily is your go-to source for daily updates on the latest happenings in the automotive industry in China. We provide important news and insights to keep you informed and up-to-date with the rapidly evolving landscape of the automotive sector in the country.
Baidu to Launch Apollo Open Platform 10.0 on Dec. 4
Baidu is gearing up to unveil the highly anticipated Apollo Open Platform 10.0 on December 4. This latest version of the platform comes with a host of new features and upgrades, particularly in its autonomous driving large model ADFM. The platform promises to deliver enhanced performance, lower costs, and improved safety, while also fostering global industry-academia collaboration.
SERES Reports Impressive 54.58% YoY Surge in Nov. New Energy Vehicle Sales
In a remarkable achievement, SERES recorded a 54.58% year-on-year increase in new energy vehicle sales for the month of November 2024. The company sold 36,842 units, bringing its cumulative new energy vehicle sales for the Jan.-Nov. period to 389,566 units, marking a staggering 255.26% leap from the previous year.
GAC Group to Transfer Stake in Greater Bay Technology
GAC Group has announced its plans to sell its 15.82% stake in battery tech company Greater Bay Technology to its parent company, Guangzhou Automobile Industry Group, for approximately 1.118 billion yuan. Additionally, GAC Capital will transfer its 3% stake to the same parent company for 212 million yuan. This strategic move, subject to shareholder approval, is expected to boost GAC Group’s net profit by 2.26 billion yuan in 2024.
Dongfeng Motor’s Wholly-Owned New Energy Vehicle Brands Report Strong Nov. Sales
Dongfeng Motor’s new energy vehicle brands, including VOYAH, eÏ€, and NAMMI, all reported robust sales performance in November 2024. The automaker’s announcement via WeChat highlighted the successful sales figures for these brands, showcasing Dongfeng Motor’s commitment to the new energy vehicle segment.
SemiDrive and BlackBerry QNX Collaborate on Automotive Digital Cockpit Platform
Chinese automotive chip supplier SemiDrive recently announced an expanded partnership with BlackBerry QNX to co-develop an advanced automotive digital cockpit platform. This collaboration aims to leverage the strengths of both companies to create innovative solutions for the automotive industry.
ZEEKR and Lynk & Co Join Forces to Form Premium NEV Group
ZEEKR and Lynk & Co have consolidated their operations to form the ZEEKR Technology Group, with a focus on high-end electric vehicles. The newly integrated entity aims to achieve annual global sales of one million units within two years, signaling a strong commitment to the NEV market.
ZF Inaugurates Third E-Mobility Plant in China
Leading automotive supplier ZF has opened its third e-mobility plant in China, known as ZF Electric Mobility Systems (Shenyang) Co., Ltd. This new facility will focus on producing and selling advanced three-in-one electric drive axles for new energy vehicles, further strengthening ZF’s presence in the Chinese market.
SAIC Motor Records 19.53% YoY Jump in Jan.-Nov. 2024 NEV Wholesales
SAIC Motor reported a 19.53% year-on-year increase in wholesale volume for new energy vehicles in the period of January to November 2024. The company’s strong performance underscores its commitment to the NEV segment and its efforts to drive growth in the market.
ROX Motor Expands Presence in Saudi Arabian Market
Chinese new energy vehicle manufacturer ROX Motor has partnered with the Laith Al Obaidi Group to expand its presence in the Saudi Arabian market. The strategic cooperation agreement appoints the group as ROX Motor’s exclusive agent for Riyadh and the Eastern Province, signaling a significant step towards market expansion in the region.
China’s Vehicle Inventory Alert Index Sees Improvement in Nov. 2024
The China Automobile Dealers Association (CADA) recently released the latest “China Automobile Dealers Inventory Alert Index” for November 2024, showing a decrease in the index to 51.8%. This represents an 8.6 percentage point year-on-year decrease and a 1.3 percentage point month-on-month increase, indicating a positive trend in the automotive market.
Stay tuned to Gasgoo Daily for more updates on the automotive industry in China and beyond. We are your trusted source for all the latest news and developments in the exciting world of automobiles.
