Gasgoo Daily: Bringing you the Latest Automotive News in China
Gasgoo Daily is your go-to source for all the latest happenings in the automotive industry in China. We provide daily updates on important news, developments, and announcements that are shaping the automotive landscape in the country. From new product launches to executive leadership changes, we cover it all.
Horizon Robotics Receives Approval for Hong Kong IPO
Horizon Robotics, a leading smart driving solution provider, has recently been given the green light by the China Securities Regulatory Commission (CSRC) for an IPO on the Hong Kong Stock Exchange. The company is gearing up to issue up to 1.153 billion shares as part of this exciting development.
SAIC-GM Announces Executive Leadership Changes
In a significant move, SAIC-GM has announced key changes in its executive team. Lu Xiao, former Executive Vice President of PATAC, will be taking over as the General Manager of SAIC-GM. Wang Conghe, previously Vice President of PATAC, has been appointed as the new Executive Vice President. Cai Bin, former Assistant to the President of SAIC Motor, is returning to SAIC-GM as Party Secretary. Additionally, Xue Haitao will be stepping into the role of Vice President of SAIC-GM, overseeing marketing operations.
DENZA Z9GT Luxury Model to Start Presales
Denza, the high-end brand majority-owned by BYD, is all set to kick off presales for its Z9GT luxury flagship model on August 20. This D-segment GT promises impressive performance, with a lightning-fast 0-100 km/h acceleration in just around 3 seconds.
ECARX Reports Strong Revenue Surge in Q2 2024
ECARX, the smart mobility company associated with Geely, has reported a remarkable 31% year-on-year revenue surge in the second quarter of 2024. The company’s gross profit margin for the quarter stood at a healthy 23%.
China Sees Growth in Power Battery Installed Capacity
Despite a slight month-on-month decline, China witnessed a significant 29% year-on-year jump in power battery installed capacity in July. This data, released by the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA), highlights the ongoing growth in the country’s electric vehicle sector.
Chery Launches Tiggo 8L SUV
Chery Auto has officially introduced its flagship SUV, the Tiggo 8L, to the market. Priced between 129,900 yuan and 174,900 yuan, this SUV offers a blend of style, performance, and affordability.
BYD Debuts Yuan UP Electric SUV in Colombia
BYD has expanded its footprint in the international market by launching the pure electric SUV, the Yuan UP, in Colombia. This move underscores BYD’s commitment to sustainable mobility solutions on a global scale.
Stay tuned to Gasgoo Daily for more updates on the dynamic automotive industry in China. We bring you the latest news, insights, and analysis to keep you informed and engaged in this ever-evolving sector.
