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The GAC GS4 MAX is the latest addition to the GS4 family, originally introduced in 2015. This long overdue update is classified as a mid-range ICE SUV that the Guangzhou Automobile Group (GAC) offers at an impressive price of 100,000 yuan (13,888 USD).
Today saw the first FAW Bestune Pony micro EV cars roll off the assembly line of the Yancheng factory of FAW Group. These cars will be delivered to the first group of users ahead of the cars official launch on May 28. Also disclosed was FAW’s plans for the Yancheng factory along with two new products, the E311 and E541, to be produced there.
Xpeng, the Chinese electric vehicle manufacturer, has recently made significant strides in the field of autonomous driving with its XNGP urban self-driving system. On May 14th, the company announced that the system had achieved 100% mapless driving and had doubled the available driving range. This breakthrough signifies a notable improvement in the versatility of the XNGP system, as previously, advanced assistance driving in select areas required the use of high-definition maps. A test was initially rolled out in February this year, but it is now that the company claims the system has reached 100% mapless driving.
Toyota will introduce two or three new plug-in hybrid (PHEV) models in China in the next two to three years, most likely based on BYD’s PHEV DM-i platform, local media reports.
State-owned Chinese car manufacturer GAC Group became the newest member of Nio‘s battery swap alliance. Together, GAC and Nio will promote the establishment of battery standards for swappable batteries and develop a battery swap service network. Last year, GAC Group sold almost 550,000 new energy vehicles.
Tesla CEO Elon Musk surprisedly visited Beijing on Sunday, meeting Premier Li Qiang and spending less than 24 hours in China. As his trip concluded on Monday morning, Bloomberg reported that a mapping deal had been signed between Tesla and internet giant Baidu, sometimes dubbed China’s Google, clearing the regulatory way for the Full Self Driving (FSD) launch in China.
Tesla CEO Elon Musk surprisingly arrived in China on April 28, seeking approval for Tesla’s Full Self Driving (FSD) in the domestic market and possibly visiting the Beijing Auto Show.
While three Chinese EV brands are already on sale in Australia (four, counting Lotus), the arrival of Aion will mark a milestone in the market proliferation as the first state-owned marque to hit local showrooms.
Lei Jun, CEO of Xiaomi, shared that the gross profit margin of the Xiaomi SU7 is approximately 5% to 10% with good support from its suppliers, at Xiaomi’s 2024 Investor Day on April 23 in China. Lei Jun further added that the specific margin figures need to be confirmed again since the sales volume is much higher than expected.