Gasgoo Daily: Bringing You the Latest Automotive News from China
Gasgoo Daily is your go-to source for all the important automotive news coming out of China. We strive to keep you updated on the latest developments in the automotive industry, with a focus on electric vehicles, chip technology, vehicle imports, and more. Our team of experts works tirelessly to bring you the most relevant and timely information, so you can stay informed and ahead of the curve.
BYD Sets Sights on Mexican Market
BYD, one of the leading electric vehicle manufacturers in the world, has announced ambitious plans for the Mexican market. The company projects annual sales of 50,000 electric vehicles in Mexico by 2024, with a goal to double that number to 100,000 units by 2025. Jorge Vallejo, BYD Mexico’s General Manager, has revealed that the location of the company’s first factory in Mexico will be announced by the end of this year.
Li Auto Expands into Chip Development
Li Auto, a key player in the Chinese electric vehicle market, is making strides in chip technology. The company is reportedly establishing a chip research and development office in Hong Kong, as part of its efforts to enhance its technological capabilities. Li Auto is currently recruiting AI chip architects to drive innovation and stay competitive in the ever-evolving automotive industry.
China Sees Increase in Vehicle Imports
According to data compiled by the China Association of Automobile Manufacturers, China imported 76,000 vehicles in August 2024, marking an 8.2% month-over-month increase and a 1.6% year-over-year rise. This uptick in vehicle imports reflects the growing demand for international brands and models in the Chinese market.
Exciting Updates from Leading Automakers
– Leapmotor achieved a record-breaking monthly delivery volume of 33,767 vehicles in September 2024, signaling a 113.7% year-on-year increase.
– GAC Group reported a decline in vehicle sales volume in September 2024 compared to the previous year, but saw a significant jump from the previous month.
– ZEEKR’s deliveries in September 2024 surged by 77% year-on-year and 18% month-on-month, showcasing strong growth in the electric vehicle sector.
– NETA Auto delivered 10,118 vehicles in September 2024, marking a slight decline from the previous month but demonstrating resilience in the market.
– Dongfeng Motor celebrated a milestone in global expansion with the production of light-duty trucks at a KD facility in Morocco.
– Horizon Robotics passed its listing hearing with the Hong Kong Stock Exchange, paving the way for its upcoming IPO.
– BYD made its official entry into Tajikistan’s passenger vehicle market, expanding its global presence.
– IM Motors reported a 150% year-over-year surge in auto sales for September 2024, highlighting the company’s growth and success in the market.
Stay Tuned for More Updates
Gasgoo Daily is committed to bringing you the latest news and insights from the automotive industry in China and beyond. Be sure to check back regularly for more updates on electric vehicles, chip technology, market trends, and more. Thank you for choosing Gasgoo Daily as your trusted source for automotive news.