Industry dynamics

ZXZC Daily: Spy shots of BYD’s FANGCHENGBAO BAO 3 released

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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.

Spy shots of BYD’s FANGCHENGBAO BAO 3 released

Ms. Xiong Tianbo, general manager of BYD’s FANGCHENGBAO business division, released on Weibo the official spy shots of the highly-anticipated BAO 3 SUV.

ZXZC Daily: Spy shots of BYD’s FANGCHENGBAO BAO 3 released

Photo credit: Weibo@Xiong_Tianbo

Li Auto rolls off 20,000th unit Li L6 SUV

On May 31, 2024, the 20,000th unit of Li Auto’s Li L6 five-seat family SUV rolled off the production line. The production capacity of the Li L6 is steadily increasing and is expected to surpass 20,000 units next month.

VOYAH FREE 318’s pre-sale orders reach 8,637 units in 24 hours

On May 31, VOYAH announced that pre-sale orders for the new FREE 318 SUV reached 8,637 units within 24 hours since commencement. The pre-sale period for the VOYAH FREE 318 began on May 30 and will continue until June 14.

Geely launches Galaxy Flyme Auto smart cockpit system

On May 30, Geely Automobile unveiled the Galaxy Flyme Auto smart cockpit system, co-developed with DreamSmart. Alongside this, Geely introduced the industry's first AI smart audio system, Flyme Sound. Both systems will be integrated into Geely's Galaxy new energy vehicle range, with customization based on different model requirements.

KargoBot receives Tianjin's first L4 autonomous truck road test permit

Recently, KargoBot, the autonomous trucking solution developer backed by DiDi, received Tianjin city's first "Intelligent Connected Vehicle Road Test Permit" for L4 autonomous trucks.

NETA to make foray into Brazilian market in H2 2024

Chinese new energy vehicle maker NETA Auto recently held its first press conference in Brazil, officially kicking off the countdown to the launch of its models in the Brazilian market, the company announced on May 31 via its WeChat account.

SAIC Volkswagen’s Tiguan L PRO hits market with enhanced intelligent features

On May 30th, SAIC Volkswagen officially put the fire new Tiguan L PRO onto the market. The new SUV is available in six trim levels, with prices ranging from 236,800 to 266,800 yuan. A limited-time offer includes a 20,000-yuan purchase tax reduction and a worry-free trade-in policy at 80% of the original value within three years.

BYD inaugurates first store in Saudi Arabia

On May 28th local time, BYD celebrated the grand opening of its first store in Saudi Arabia, which is located the country’s capital city, Riyadh, according to BYD's press release.

GAC AION opens second flagship store in Hong Kong, China

On May 30th, GAC AION celebrated the grand opening of its own-brand store in Wan Chai, Hong Kong, according to a post on its WeChat account. This is AION's second flagship store in Hong Kong, following the opening of the Kowloon store.

Renault, Geely announce foundation of HORSE Powertrain Limited

Shanghai Following the signing of a joint venture agreement on July 11, 2023, and receiving prior approval from relevant regulatory authorities, Renault Group, Zhejiang Geely Holding Group, and Geely Automobile Holdings Limited (collectively referred to as "Geely") have officially established HORSE Powertrain Limited, which is headquartered in London, UK, Renault Group announced on May 31.