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.

Chery's iCAR 03 BEV model hits market

On February 28, 2024, Chery Holding's all-electric vehicle brand, iCAR, officially put its first vehicle model, the iCAR 03, onto the market. The lineup includes a total of six trim levels, with prices ranging from 109,800 yuan to 169,800 yuan.

iCAR 03; photo credit: Chery Holding

GAC Energy registers two subsidiaries

On February 28, GAC Energy Technology (Hubei) Co., Ltd., and GAC Energy Technology (Henan) Co., Ltd., were officially registered and established. The registrations took place in Qiaokou District, Wuhan city, and Zhongyuan District, Zhengzhou city, respectively. The newly-formed subsidiaries are dedicated to the development of photovoltaic, energy storage , EV charging, battery swapping, and Vehicle-to-Grid (V2G) technologies.

Honor Editions of DEEPAL SL03, S7 hit market

DEEPAL, the new energy vehicle brand under Changan Automobile, officially put the Honor Editions for its DEEPAL SL03 and DEEPAL S7 models onto the market on Feb. 29.   

For a limited time, DEEPAL is offering special promotional prices for the Honor Edition models. The DEEPAL SL03 Honor Edition is priced between 129,900 yuan and 135,900 yuan, while the DEEPAL S7 Honor Edition is available at a price range of 139,900 yuan to 149,900 yuan.

SVOLT cements cooperation with Banpu NEXT for operations in Thailand

On February 27, SVOLT Energy Technology Co., Ltd. ("SVOLT") and Banpu NEXT, a subsidiary of the international energy giant Banpu Group, solidified their partnership by signing a strategic cooperation agreement.

Hesai Technology, Great Wall Motor to step up cooperation in intelligent driving field

In February 2024, Hesai Technology, the global leader in LiDAR technology, and Great Wall Motor held a strategic cooperation meeting in Baoding city, according to a post on Hesai Technology's WeChat account. Going forward, the two parties will delve into a more comprehensive collaboration in the field of intelligent driving.

CATL supplies power batteries to Lonking's construction machinery

On February 27th, ‌Lonking Holdings Limited, a leading Chinese construction and logistic machinery manufacturer, and the power battery giant CATL inked a strategic cooperation agreement in Ningde city, Fujian province.

Global Technology closes first financing round for year of 2024

Following the completion of the Series C financing in April 2023, Chinese brake-by-wire system provider Global Technology has successfully closed its first funding round in the year of 2024, according to a post on the company's WeChat account.

BYD's Ocean range puts Honor editions of Song PLUS, Seal DM-i onto market

On February 29, BYD officially put the Honor Editions of the Song PLUS and Seal DM-i onto the market. This new product release marks the addition of two more "Honor Edition" models to BYD's Ocean range, closely following the launch of the Honor Editions of the Destroyer 05 and the Dolphin earlier this month.

‌‌ECARX scores 31% YoY jump in 2023 annual revenue

On February 28, ECARX Holdings Inc., the Geely-backed global provider of mobility technology solutions, unveiled its unaudited financial performance for the fourth quarter and full year of 2023.

Baidu's Apollo Go fulfills over 5 million Robotaxi orders so far

On February 28, Baidu announced its fourth-quarter and full-year financial results for 2023. The report revealed that as of January 2, 2024, Baidu's Apollo Go, the Robotaxi service platform, had completed over 5 million rides on open roads. ‌

‌⁠‌‌‌‌⁠‌‌‌‌‌⁠‌‌‌‌⁠‌‌‌⁠‌‌‌‌‌⁠‌‌‌⁠‌‌‌‌‌‌⁠‌‌‌‌ARCFOX introduces α T, α T5 models in Laos

On February 22, ARCFOX, the premium new energy vehicle brand of BAIC Group, held a grand unveiling and new store opening ceremony in Laos, officially introducing the α T and the α T5 models to this country.

Volkswagen Group, XPENG ink master agreement on co-development of platform, software

On February 28, Volkswagen Group and XPENG jointly announced that they have entered into a Master Agreement on Platform and Software strategic technical collaboration ("Master Agreement"), marking a further milestone following XPENG’s news releases dated July 26, 2023 and December 6, 2023 in connection with the Volkswagen's acquisition of 4.99% shareholding in XPENG and the signing of the framework agreement on strategic technical cooperation.‌