Gasgoo Daily: IM Motors’ second model to start presale in H2 2022

IM Motors' second model to start presale in H2 2022

IM Motors, the electric vehicle joint venture among SAIC Motor, Alibaba Group and Zhangjiang Hi-Tech, plans to start delivering the L7, its first production model, in mid-June, Liu Tao, Co-CEO of IM Motors, revealed. Presale of the second model, the IM LS7, will begin in the second half of this year.

IM LS7; photo credit: IM Motors

Fujian province offers subsidies of 3,000 yuan per car to spur car sales

Fujian provincial government recently issued a document which says consumers who buy new vehicles from local automobile sales companies and get the cars registered in the province will received a subsidy of 3,000 yuan per car.

Hithium breaks ground on Phase Ⅱ of lithium ion battery base in Xiamen

Xiamen Hithium New Energy Co., Ltd. (“Hithium”) on June 1 broke ground on the second phase of its lithium ion battery R&D and smart manufacturing base in Xiamen. The Phase Ⅱ project will involve an investment of 4 billion yuan ($598.462 million) and is expected to reach a production capacity of 30GWh annually.

XPeng launches second-generation family-use charging pile

XPeng announced via its WeChat account that its second-generation family-use charging piles were put into official use on June 2. The new product supports 4G network and OTA function.

Mass-produced all-new Roewe RX5 rolls off production line

The mass-produced version of the third-generation Roewe RX5 came off the production line on June 1 and will hit the market in the second half of this year.

3rd-generation Roewe RX5 rolling off production line; photo credit: Roewe

China's TRUCK RENTAL bags nearly 100 million yuan in Series B funding

TRUCK RENTAL, a Chinese logistics vehicle asset operation service provider, recently closed its Series B financing round with nearly 100 million yuan ($14.962 million) raised, a local media outlet reported today.

Geely launches nine satellites into orbit for better mobility experience

At 12:00 p.m. Beijing Time, June 2nd, China’s major automaker Geely successfully conducted its first satellite launch, shooting nine satellites into orbit forming a high-precision spatio-temporal information network for its intelligent vehicles on Earth.

First Wuling-branded global NEV model to hit market in second half of 2022

SAIC-GM-Wuling (“SGMW”), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, on June 1 unveiled the Wuling Air ev, Wuling brand's first global NEV model, in Jakarta.

JIDU unveils more details of ROBO-01, with U-shaped steering wheel

On the first day of June, Baidu-backed JIDU unveiled a group of posters showing partial new design details of its automotive robot, the ROBO-01, which is expected to make its debut on June 8th, at the ROBODAY event.

GAC AION achieves all-time high monthly deliveries in May 2022

GAC AION, the EV-dedicated arm of GAC Group, delivered 21,056 vehicles in May 2022, representing a 150% surge compared to the previous year, the automaker announced on Wednesday.