Gasgoo Daily: ORA Ballet Cat to hit market on July 12th

With Gasgoo 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.

ORA Ballet Cat to hit market on July 12th

ORA, the new energy brand under Great Wall Motor, will see the Ballet Cat going on sale on July 12th. The model comes with four trim levels, priced from RMB193,000 to RMB223,000 ($28,860 to $33,350). Presale of the model has already kicked off.

Photo credit: ORA

Honda ACCORD sales surpass 3 million vehicles in China

On June 27th, Honda China announced via its WeChat account that the company has delivered the 3 millionth ACCORD to its Chinese users, setting a new record of Japanese mid-to-high-end sedan delivery in China. The model is also the first Honda-branded vehicle to realize such delivery volume in the country.

SAIC Motor expects growth in June auto sales

SAIC Motor disclosed via its investor communication platform that the company is working hard to recover its production and sales. It projects a positive growth in its June sales.

Wuhan launches subsidies to boost NEV sales

Wuhan, the capital city of Hubei Province, issued a new policy to boost the sales of new energy vehicles. Local consumers who trade in/scrap their old cars for new energy vehicles will receive a subsidy of RMB5,000/RMB8,000 per car. Consumers who purchase eligible new energy vehicles and register in the city will be given a gift package of RMB3,000 per car. 

360 Security intends to transfer part of stake in HOZON Auto

360 Security Technology Inc. (“360 Security”) announced on June 27 its wholly-owned subsidiary, 360 (Beijing) Private Equity Management Co., Ltd. (“360 Private Equity”) intended to transfer the registered capital of around 79.994 million yuan ($11.965 million) it holds in HOZON Auto, equivalent to 3.532% stake in the NEV startup.

AVATR, HUAWEI to launch four new models by 2025 

AVATR inked a comprehensive strategic cooperation agreement with one of its shareholders, HUAWEI, which bonds the two companies together in regards to resources, risks, and revenue. 

FAW Group invests in Horizon Robotics

China’s AI chip developer Horizon Robotics announced that it has received and completed the transaction of a strategic investment from FAW Group to strengthen its development.

Changan, HUAWEI, CATL-backed AVATR launches CHN smart EV tech platform

At the 2022 Chongqing International Auto Exhibition kicking off on June 25, AVATR, a high-end intelligent EV brand co-built by Changan Automobile, HUAWEI, and CATL, launched its smart EV technology platform “CHN”, according to a post on CATL's WeChat account.

Leapmotor’s sedan to be deployed with radars from Chuhang Technology

On June 27th, Shanghai-based millimeter-wave radar supplier Chuhang Technology announced that it had inked a cooperation agreement with China’s electric vehicle startup, Leapmotor.

Geely-backed ECARX, SiEngine showcase SE1000-powered demonstration vehicle

Geely-backed ECARX and its automotive chip subsidiary SiEngine showcased their co-developed demonstration vehicle equipped with the SE1000 7nm intelligent cockpit SoC.

Geely Holding eyes carbon neutrality across entire value chain by 2045

Zhejiang Geely Holding Group (“Geely Holding”) aims to achieve carbon neutrality across the entire value chain by 2045, according to the 2021 sustainability report it released on June 27.

Alibaba granted open road test license for L4 autonomous trucks

Alibaba announced that it was granted one of the first two licenses of driverless L4 autonomous driving truck road tests in China by the government of Deqing, Zhejiang Province.