Gasgoo Daily: NIO to Launch 4th-Gen Battery Swap Stations in Guangzhou, Lu’an Cities
NIO, a leading electric vehicle manufacturer, is set to introduce its fourth-generation battery swap stations in Guangzhou and Lu’an cities on June 13. This move is part of NIO’s ongoing efforts to enhance the convenience and accessibility of its battery swapping technology for electric vehicle owners. The company’s official Weibo announcement highlighted the importance of these new stations in expanding their network and providing efficient services to customers in key locations.
Continental AG Invests in INGEEK for Smart Connectivity Solutions
Continental AG, a global automotive technology company, recently announced a strategic investment in INGEEK, a Chinese digital key developer. This collaboration aims to drive innovation in digital car key technology and intelligent automotive connectivity solutions specifically tailored for the Chinese market. By partnering with INGEEK, Continental AG is positioning itself at the forefront of smart mobility solutions and connectivity trends in the automotive industry.
Deepal G318 Plug-In Hybrid Electric SUV Launching Soon
Changan Automobile’s DEEPAL brand is gearing up for the global market launch of the Deepal G318, a plug-in hybrid electric SUV. Scheduled for release on June 13 in Lhasa, this rugged and tech-savvy SUV promises a blend of advanced technology and off-road capabilities. The launch event is expected to showcase the unique features and performance capabilities of the G318, positioning it as a competitive player in the evolving electric vehicle market.
VOLANT Secures Funding for eVTOL Development
Volant Aerotech (VOLANT), a Chinese low-altitude economy company, recently closed a Series A++ funding round, raising significant capital for the development of electric vertical take-off and landing (eVTOL) technology. This funding milestone underscores VOLANT’s commitment to innovation and sustainability in the aviation sector, positioning the company for future growth and expansion in the emerging eVTOL market.
Polar Bear Tech Advances Chiplet Product Library
Polar Bear Tech, a Chinese chiplet design company, announced a new round of financing aimed at developing the first independent chiplet product library in China. With V Fund as a strategic investor, Polar Bear Tech is poised to accelerate the production of core chiplet designs and packaging tests, paving the way for a new era of semiconductor innovation and customization in the technology industry.
GAC Energy and Foshan Communications Development Partner for Energy Ecosystem
GAC Energy Technology Co., Ltd., a subsidiary of GAC Group, signed a cooperation agreement with Foshan Communications Development Co., Ltd. to build an energy ecosystem for new energy vehicles. This collaboration aims to enhance charging infrastructure, energy management solutions, and sustainable mobility options for electric vehicle users in China. By combining their expertise and resources, GAC Energy and Foshan Communications Development are poised to drive innovation and sustainability in the automotive industry.
XPENG Expands Presence in Egypt with G9 and P7 Models
XPENG, a leading Chinese smart electric vehicle brand, recently launched the G9 and P7 models in the Egyptian market during a press conference at the Grand Egyptian Museum in Cairo. These pure electric vehicle models are set to be delivered to Egyptian customers by the end of the month, marking XPENG’s entry into the African market and expanding its global footprint in sustainable transportation solutions.
China’s Passenger Vehicle Retail Sales Show Mixed Trends
In May 2024, China’s domestic passenger vehicle market saw a year-over-year decrease of 1.9% in retail sales, according to data from the China Passenger Car Association (CPCA). However, there was a notable month-over-month increase of 11.4%, signaling a potential recovery in consumer demand and market conditions for passenger vehicles in China. The industry continues to adapt to evolving trends and consumer preferences in the post-pandemic era.
DENZA Set to Open Flagship Store in Hong Kong
Denza, a premium new energy vehicle brand backed by BYD, is preparing to open its first flagship store in Hong Kong’s Kowloon Bay automotive business district later this month. The launch of the DENZA D9 model in the Hong Kong market signifies the brand’s commitment to sustainable mobility solutions and luxury electric vehicles. With an estimated starting price of HKD 668,000, DENZA aims to cater to discerning customers seeking premium electric vehicle options in the region.
Autoliv Expands Operations with New Factory in Hefei City
Autoliv, a global leader in automotive safety systems, recently broke ground on a new factory in Hefei city, China, as part of its strategic expansion in the region. The new facility, located in the Economic Development Zone of Feixi County, will support Autoliv’s production capacity and innovation initiatives in line with the company’s commitment to safety technology and quality standards in the automotive industry.
Huawei’s Harmony Intelligent Mobility Alliance Unveils Luxeed R7 Coupe SUV
Huawei’s Harmony Intelligent Mobility Alliance (HIMA) announced the upcoming debut of the Luxeed R7, the first coupe SUV under the smart selection vehicle alliance. This innovative vehicle model represents Huawei’s foray into the smart mobility sector, combining cutting-edge technology, design, and performance features for a seamless driving experience. The Luxeed R7 is poised to set new benchmarks for smart vehicles and connectivity solutions in the automotive market.
Dongfeng Motor Group Reports Auto Sales Decline in May 2024
Dongfeng Motor Group Company Limited experienced a 13.02% year-on-year decline in auto sales during May 2024, with a total of 147,206 vehicles sold. Despite the challenging market conditions, Dongfeng Motor Group remains committed to exploring new growth opportunities and enhancing its product portfolio to meet evolving customer needs in the automotive industry.
