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.

BYD-backed DENZA unveils iADC smart drift control system

DENZA, the premium auto brand majority-owned by BYD, officially released a drifting video with the N7 SUV model, showcasing the debut of its pioneering iADC (Intelligence Adaptive Drift Control) system.

Photo credit: DENZA

Li Auto to launch high-performance mode update via OTA in May

CEO of Li Auto, Li Xiang, announced on his Weibo account that the company will push for an OTA update including the new high-performance mode this month. The update will further enhance the performance gap between low and high battery levels, making it comparable to that of a PHEV.

Beijing Hyundai MUFASA kicks off presale

Beijing Hyundai’s MUFASA compact SUV model is officially named as “Musa” in Chinese. Presale of the vehicle has already kicked off. Coming with two trim levels, the MUFASA is priced at 139,800 yuan and 149,800 yuan during presale.

Intelligent and Connected Vehicle Data Governance Innovation Center inaugurated in Beijing

The Intelligent and Connected Vehicle Data Governance Innovation Center (referred to as the "Data Center") was inaugurated at an event on May 16 at the Beijing High-level Automated Driving Demonstration Area (BJHAD), signifying the establishment of the industry's first professional platform that coordinates data security compliance and technological research and development.

SAIC Motor’s subsidiaries to build fund for investment in innovative companies of auto industrial chain

SAIC Motor announced on May 17 its two investment subsidiaries, SAIC (Changzhou) Innovation Development Investment Fund Co., Ltd. and Shanghai Shangqi Investment Management Partnership (L.P.) (“Shang Qi Capital”), will jointly set up a fund that focuses on the investment in high-quality enterprises related to innovation and development in the automotive industry chain.

GAC Energy, PetroChina to promote cooperation on energy network

On May 16, GAC Energy Technology Co., Ltd. (“GAC Energy”) and the Guangdong sales branch of PetroChina Company Limited (“PetroChina Guangdong”) signed an agreement to conduct in-depth cooperation in the field of energy, according to a post on GAC Energy’s WeChat account.

NavInfo-backed Telemap to provide GAC Toyota, FAW Toyota with navigation services

NavInfo, the Chinese automotive intelligence solution provider, announced on May 16 its subsidiary, Telemap, has received procurement notices from GAC Toyota and FAW Toyota for its map and navigation products.

Baidu Apollo Go Robotaxi service completes 660,000 ride-share orders in Q1 2023

Chinese tech giant Baidu announced its first-quarter financial results for 2023 on May 16, which showed a total revenue of 31.1 billion yuan, up 10% year on year.

Greater Bay Technology said to launch self-developed ‘Phoenix Battery’ later in May

Greater Bay Technology (“GBT”), a supercharging technology developer incubated by GAC Group, is about to launch its self-developed new battery named “Phoenix” (“Fenghuang” in Chinese Pinyin), according to a local media outlet.

SAIC-GM-Wuling releases images of Baojun Yep’s interior

Baojun, the automobile marque owned by SAIC-GM-Wuling (“SGMW”), recently released the interior images of the Baojun Yep, a mini all-electric SUV to go on sale on May 25.