Author: air-beans
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GAC Group | Major Reform Initiated: GAC Transforms Business Model and Relocates HQ to Panyu Automotive City
On October 25, GAC Group approved a shift in business model from strategic to operational management for its independent brands. To enhance efficiency and cut costs, GAC will relocate its headquarters from Zhujiang New Town to Panyu Automotive City. GAC aims to strengthen its brands, adapt to market changes, and foster high-quality development through this…
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GAC Group | Horizon IPO Boosts GAC’s Strategic Advances in Autonomous Driving Technology
On October 24, Horizon, backed by GAC Group, listed on the HKEX, achieving a first-day valuation of over HK$50 billion. GAC focuses on building an L4 autonomous travel ecosystem, partnering with tech firms like Horizon and WeRide, and expanding platforms like Ruqi Travel. GAC aims to advance its AI chip and autonomous driving technology while…
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GAC Group | WeRide Zhixing Listed on Nasdaq, Expanding Autonomous Driving Layout
WeRide Zhixing listed on Nasdaq on October 25, raising $460 million with a first-day share price increase of 6.77%, giving a market cap of about $4.5 billion. GAC Group has invested in WeRide twice, supporting the launch of China’s first L4 autonomous taxi service. GAC is advancing its autonomous technology from L2 to L4, aiming…
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Dongfeng Motor | The 10th Party Congress Has Opened
The 10th Party Congress of Dongfeng Motor Corporation officially opened on October 26, 2024, in Wuhan. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the congress emphasizes accelerating innovation in technology, corporate reform, and new energy vehicle development to achieve modernization and build a world-class enterprise. Dongfeng aims to…
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Dongfeng Motor | Tenth Party Congress Holds Preparatory and First Executive Meeting
The preparatory meeting for the 10th Party Congress of the CPC Dongfeng Motor Corporation was held in Wuhan, approving delegate qualifications, secretariat, and agenda. The first executive meeting clarified responsibilities and attendees for the Congress, scheduled to officially open on October 26 and conclude on October 27. Source: Here
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Dongfeng Motor | Collaboration with Wuhan for Auto Purchase Support at Consumer Promotion Event
Dongfeng Motor partnered with Wuhan city government to launch the “Che Valley Builds Hi River City” event, allowing consumers to choose from a wide range of vehicles during Wuhan’s Auto Cultural Tourism Season. This initiative supports regional economic growth and celebrates Dongfeng Motor’s 55th anniversary. Agreements were signed with four districts to expand local markets…
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Dongfeng Motor | erπ008 5-Seater Version Pre-Sale Begins at 200,000 RMB!
Dongfeng Motor has launched pre-sales for its family-friendly smart SUV, erπ008, with the 5-seater version priced between 200,000 to 250,000 RMB. Early order incentives include 21,000 RMB worth of perks, such as noise-reducing tires, double-layer glass, and a smart refrigerator. These limited-time benefits are available from October 25 to November 14 on a first-come, first-served…
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China FAW | Honqi EH7 and EHS7 Officially Enter European Market
Honqi, the luxury car brand by China FAW, debuted the EH7 and EHS7 models at the 90th Paris International Motor Show, marking their first official entry into the European market. Building on the 2021 success of the E-HS9, these new models received high praise from media and industry professionals. Over the next five years, Honqi…
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China FAW | Hongqi’s Vehicle Technology Products Receive Praise at China International New Energy & Intelligent Connected Vehicle Expo
China FAW showcased three Hongqi vehicle technology products at the China International New Energy & Intelligent Connected Vehicle Expo, receiving high praise. The exhibits included the Hongqi Smart Bus, E-HS9 high-end smart car, and EH7 L3 entry model, each highlighting advanced innovations and high safety standards. The Smart Bus features a unique skateboard chassis with…