Gasgoo Daily: NIO’s ONVO L60 Model Set to Launch in Late September
NIO’s sub-brand, ONVO, is gearing up to release its highly anticipated ONVO L60 model in late September this year. The announcement was made by Ai Tiecheng, CEO of ONVO, during a live-streamed extreme heat test event in Turpan on July 25. The vehicle is scheduled to hit the market with deliveries starting within a week of its official launch.
NIO’s Chairman Rules Out Robotaxi Development
In a recent interview, NIO’s Chairman and CEO, William Bin Li, clarified that the company has no plans to delve into the development of autonomous taxis, also known as Robotaxis. Instead, NIO has been focusing on the research and development of assisted driving technology since 2017, prioritizing driving safety and accident prevention. Mr. Li emphasized that the goal of autonomous driving technology is to enhance driver safety and reduce fatigue, rather than replacing human drivers entirely.
New Vision Secures Strategic Financing for Auto Electronics Solutions
Chinese automotive electronics company, New Vision, has successfully closed a new round of strategic financing led by ZhongQing Capital. The funding round also saw participation from existing investor Bridge Capital, with StarBridge Capital acting as the financial advisor. New Vision specializes in developing in-car visual solutions, including innovative products such as W-HUD, AR-HUD, CMS, transparent A-pillars, and transparent window displays.
Baojun Yunhai SUV Unveiled by SGMW
SAIC-GM-Wuling’s brand, Baojun, recently revealed the interior images and additional details of its new intelligent long-range SUV, the Baojun Yunhai. The vehicle promises to offer a seamless blend of technology and comfort for drivers and passengers alike.
CATL Reports Strong Net Profit Amid Revenue Dip
Despite a slight dip in revenue in the first half of 2024, Chinese power battery giant CATL managed to achieve a 10.37% increase in net profit. The company’s focus on innovation and efficiency has allowed it to maintain a strong financial performance amidst challenging market conditions.
BYD’s Sub-Brand, FANGCHENGBAO, Implements Price Drop Strategy
FANGCHENGBAO, a sub-brand of BYD, announced a strategic pricing update for its BAO 5 model, with prices now ranging from 239,800 yuan to 302,800 yuan. This move is part of the brand’s one-year anniversary celebration and aims to make its vehicles more accessible to consumers.
SVOLT Expands Delivery of Fast-Charging Iron Lithium Cells
SVOLT is on track to deliver 100,000 sets of its second-generation short-blade fast-charging iron lithium cells this year. The company’s commitment to advancing battery technology underscores its position as a key player in the electric vehicle market.
Joyson Electronics Achieves Record Net Profit Growth
Joyson Electronics reported a significant surge in net profit, with a 61.47% year-on-year increase in the first half of 2024. The company’s strong financial performance reflects its strategic focus on innovation and market expansion.
JETOUR Introduces New-Generation X70 PLUS Model
Chery’s JETOUR brand launched the new-generation X70 PLUS model, offering six variants with prices starting at 111,900 yuan. With attractive pricing and trade-in incentives, the X70 PLUS aims to capture the attention of budget-conscious consumers.
Skyworth Auto Expands NEV Collaboration in Thailand
Skyworth Auto recently initiated a new energy vehicle collaboration in Thailand, partnering with key industry players to drive the adoption of electric vehicles and AI technologies in the region. This strategic move aligns with the company’s vision to expand its presence in international markets.
By incorporating these key automotive news updates into your WordPress platform, you can stay informed about the latest industry trends and developments. Stay tuned for more updates from Gasgoo Daily.
