Industry dynamics

ZXZC Daily: IM Motors’ second model to start presale in H2 2022

Publishtime:1970-01-01 08:00:00 Views:43

With ZXZC Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

IM Motors' second model to start presale in H2 2022

IM Motors, the electric vehicle joint venture among SAIC Motor, Alibaba Group and Zhangjiang Hi-Tech, plans to start delivering the L7, its first production model, in mid-June, Liu Tao, Co-CEO of IM Motors, revealed. Presale of the second model, the IM LS7, will begin in the second half of this year.

ZXZC Daily: IM Motors’ second model to start presale in H2 2022

IM LS7; photo credit: IM Motors

Fujian province offers subsidies of 3,000 yuan per car to spur car sales

Fujian provincial government recently issued a document which says consumers who buy new vehicles from local automobile sales companies and get the cars registered in the province will received a subsidy of 3,000 yuan per car.

Hithium breaks ground on Phase Ⅱ of lithium ion battery base in Xiamen

Xiamen Hithium New Energy Co., Ltd. (“Hithium”) on June 1 broke ground on the second phase of its lithium ion battery R&D and smart manufacturing base in Xiamen. The Phase Ⅱ project will involve an investment of 4 billion yuan ($598.462 million) and is expected to reach a production capacity of 30GWh annually.

XPeng launches second-generation family-use charging pile

XPeng announced via its WeChat account that its second-generation family-use charging piles were put into official use on June 2. The new product supports 4G network and OTA function.

Mass-produced all-new Roewe RX5 rolls off production line

The mass-produced version of the third-generation Roewe RX5 came off the production line on June 1 and will hit the market in the second half of this year.

ZXZC Daily: IM Motors’ second model to start presale in H2 2022

3rd-generation Roewe RX5 rolling off production line; photo credit: Roewe

China's TRUCK RENTAL bags nearly 100 million yuan in Series B funding

TRUCK RENTAL, a Chinese logistics vehicle asset operation service provider, recently closed its Series B financing round with nearly 100 million yuan ($14.962 million) raised, a local media outlet reported today.

Geely launches nine satellites into orbit for better mobility experience

At 12:00 p.m. Beijing Time, June 2nd, China’s major automaker Geely successfully conducted its first satellite launch, shooting nine satellites into orbit forming a high-precision spatio-temporal information network for its intelligent vehicles on Earth.

First Wuling-branded global NEV model to hit market in second half of 2022

SAIC-GM-Wuling (“SGMW”), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, on June 1 unveiled the Wuling Air ev, Wuling brand's first global NEV model, in Jakarta.

JIDU unveils more details of ROBO-01, with U-shaped steering wheel

On the first day of June, Baidu-backed JIDU unveiled a group of posters showing partial new design details of its automotive robot, the ROBO-01, which is expected to make its debut on June 8th, at the ROBODAY event.

GAC AION achieves all-time high monthly deliveries in May 2022

GAC AION, the EV-dedicated arm of GAC Group, delivered 21,056 vehicles in May 2022, representing a 150% surge compared to the previous year, the automaker announced on Wednesday.