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BYD said to foray into rocket transportation area

Shanghai (Gasgoo)- BYD will reportedly cooperate with the China Academy of Launch Vehicle Technology in such areas as honeycomb structure, composite materials and light weight through communication and discussion.
It is reported that BYD and the China Academy of Launch Vehicle Technology will continue to deepen their cooperation in such areas as NEVs and NEV-related parts, Skyrail business and commercial aerospace, based on both parties' complementary advantages in technologies and projects.
In addition, it can be learnt from the Trademark Office of The State Administration for Industry & Commerce that BYD had applied a trademark which may be relevant to rocket transportation. The main body of the trademark looks like a "Biu (onomatopoeia, sound of gunshot)" with a small rocket in the "U", which may suggest the trademark may be applied in the relevant businesses with rocket transportation.
In fact, BYD had involved in an investment of OneSpace, a privately operated aerospace company, as early as in October, 2016. At that time, OneSpace had closed RMB 100 million A-round funding, led by Zhengxuan Investment, which is founded by Xia Zuoquan, founder of BYD.
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• 1Leapmotor to complete Series A round in middle of 2018
• 2BYD said to foray into rocket transportation area
• 3BAIC, Magna sign strategic agreement on developing new-gen intelligent BEV models
• 4GAC Group appoints senior executives for GAC NIO new energy JV
• 5Jia Yueting requested to explain relation with Ruichi Intelligent

Leapmotor to complete Series A round in middle of 2018

Shanghai (Gasgoo)- Leapmotor, a Hangzhou-based Chinese electric vehicle (EV) startup, plans to start IPO (initial public offerings) in the future, Zhu Jiangming, the startup's chairman revealed in an interview. Meanwhile, he also showed that it has not been decided yet whether the company will be listed on domestic market or overseas markets.
In addition, Leapmotor is striving to get national manufacturing qualification and plans to complete a Series A round financing in the middle of this year.  In January this year, the company just accomplished a Pre-A round that was led by Sequoia Capital China. Besides, there were already 3 to 4 automakers having the willingness to produce products for Leapmotor.
Leapmotor was founded in 2015 and has been backed by Dahua Technology Co., Ltd, a provider of video surveillance products and services. It aims to build fashionable intelligent electric vehicle (EV) brands using high scientific technologies with good tastes.
Xu Wei, vice president of Leapmotor stated that the startup is positioned as a dedicated pure-electric intelligent vehicle maker. The company heretofore is building three vehicle platforms. The first is the S platform on which the sport sedan S01 bases. The second platform is dedicated to developing T-series models and the last one is C-class platform. Based on these three platforms, vehicles will be equipped with intelligent and connected driving systems.
The two-year-old startup's mature configurations are utilized in its LP-S01. The electric sport sedan carries panoramic and blind-spot-detection cameras as well as the in-house cameras with the functions of facial recognition and drowsiness detection. Additionally, various intelligent driving functions are integrated in the ADAS terminal. What's more, the LP-S01 is equipped with a complete IoV (Internet of vehicles) system, covering the front-end instruments, in-vehicle information system and the back-end big data platform.
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• 1Top 4 Japanese automakers by Q1 China sales
• 2NIO expects to have loss of RMB 5.1 billion in 2018
• 3Geely witnesses YoY sales growth of 39% in both March and Q1
• 4Dongfeng Honda CR-V March sales nosedives 93.6% YoY threatened by engine issue
• 5Sales growth of Chinese new energy PVs in first two months triples that of globe to 159% year on year

GAC Group appoints senior executives for GAC NIO new energy JV

Shanghai (Gasgoo)- According to local media, GAC Group has appointed Wang Jingqiu and Gu Huinan as members of board for GAC NIO New Energy Automotive Co., (GAC NIO New Energy), a planned JV between GAC Group and NIO. In the meantime, Wang Qiujing was delegated as the JV's vice chairman. Besides, GAC Group also nominated Liao Bin as GAC NIO New Energy's general manager.
Wang Qiujing, owning a Ph.D. degree in automotive engineering of Tsinghua University, has rich experience in products’ R&D and talents’ training. He is now president of GAC Automotive Engineering Institute who is responsible for such businesses as products’ development, quality control, and so on. Before that, he had worked at GAC FCA as executive vice president.
Gu Huinan is current general manager of GAC New Energy Automobile Co., Ltd (GAC New Energy). Previously, he held the position of GAC Motor's vice general manager that took charge of products' manufacturing, development and quality management. In addition, he also had working experience in Guangzhou Peugeot, Dongfeng Honda Engine as well as GAC Toyota.
Establishing JV with GAC Group is NIO's another significant action to join hands with traditional automakers apart from JAC Motors and Changan Auto. NIO ES8 officially went on sale in December last year and will be mass produced in the first half of this year, according to NIO's chairman Li Bin.
Under the pressure of dual-credit policy, GAC Group takes a series of measures to expand businesses in new energy vehicle (NEV) area. The company has not only set up a special fund of RMB 4.7 billion to construct  a NEV manufacturing base with an annual production capacity of 200 thousand vehicles, but also built a wholly-owned subsidiary name GAC New Energy. The Group predicted that until 2020, the group's new energy products will be more than 20 models whose output and sales will occupy 10% of the group's total performances.
On December 27 last year, GAC Group announced that it would team up with NIO to jointly establish a new energy JV that will focus on all aspects of auto industrial chain, including resource integration of NEV R&D, manufacturing, supply chain, sales service system and leasing operation mode. Both parties would also cooperate in core parts sector, relevant sales and service channel resource, brand promotion, big data analysis, software development and application as well as connected vehicles and autonomous driving, etc. Reportedly, the planned investment of this project involves RMB 1.28 billion in total. The total registered capital of the new JV would be RMB 500 million, while the registered capital of first period would be RMB 200 million. Both GAC Group and GAC New Energy will invest RMB 45 million to take 22.5% stake in the new JV. 
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• 1GAC Group appoints senior executives for GAC NIO new energy JV
• 2Faraday Future's affiliated company buys area of land with RMB 364 million to manufacture cars in Guangzhou
• 3Great Wall Motor March sales reach 88,247 units, Haval H6 still faces YoY decline
• 4Trial operation of Guizhou Geely NEV production line kicks off
• 5GAC Group sells 508,432 units with YoY growth of 11.21% in Q1

NIO eve concept to debut at Auto China 2018

Shanghai (Gasgoo)- It is reported that the NIO eve concept will make its debut at Auto China 2018. The new model, based on the designing idea of future transportation, will come with NOMI artificial intelligent system.

The concept model adopts a very futuristic exterior design style, featuring an unmistakable front end. With headlights and engine hood connected together and a large intake grille, the model demonstrates a strong high-tech sense.

Featuring smooth sidelines, the model also is equipped with side windows which can adjust the transparency of the glass. It boasts a multilayered rear end. In addition, the model also offers a full-glass roof and a panoramic front windshield, looking more futuristic.

Designed simply and neatly in its interior, the model boasts a wrap-around cabin with a wide variety of cutting-edge amenities, such as a center console featuring several LCD screens and a rectangular float-designed steering wheel. Moreover, the crucial information like speed and navigation can be projected on the front windshield glass.

Adopting side-slide design on the doors, the model can carry six passengers and features foldable tables and full flat-bed seats, providing comfortable space for passengers.

What's more, the NIO eve concept also adopts NOMI artificial intelligent interaction system, which has also been deployed in the NIO ES8. The premium system offers abundant functions with capabilities of learning and adapting customers' needs.
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• 1Dongfeng Honda CR-V March sales nosedives 93.6% YoY threatened by engine issue
• 2Sales growth of Chinese new energy PVs in first two months triples that of globe to 159% year on year
• 3BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion
• 4Tencent tech equipped driverless vehicle shows up on public roads for first time
• 5Youxia Motors announces RMB 5 billion B-round funding

SAIC Motor sees 7.4% YoY sales growth in March

Shanghai (Gasgoo)- SAIC Motor reported that the group delivered a total of 649,511 vehicles in March, up 7.4% year on year. Besides, the automaker's cumulative sales in the first three months grew around 10% from a year earlier to 1,822,420 vehicles.
The top three subsidiaries by March sales were SAIC-GM-Wuling, SAIC-VW and SAIC-GM with 563,227 units delivered in total, which accounted for 86.7% of the group's total March sales. In addition, SAIC-CP, a joint venture between SAIC Motor and Charoen Pokphand (CP) Group, delivered 6,064 vehicles in the first three months, skyrocketing 116% over the previous year, which was the fastest-growing subsidiary by Q1 sales among all of SAIC Motor's subsidiaries. 
To be specific, SAIC Motor Passenger Vehicle's (SAIC Motor PV) deliveries totaled 61,836 units in March, posting a remarkable increase of 38.4% year on year. Meanwhile, its Q1 sales reached a new high of 181,838 units, surging 54.2% over the previous year. Reportedly, the sales of new MG 6 surpassed 10,000 units last month. Moreover, Roewe Ei5 was quite popular among consumers since it hit the market on March 21 this year.
SAIC VW delivered a total of 177,307 units in March, leaping 46% month on month and growing 3.1% year on year. Its cumulative sales in the first quarter posted a slight year-on-year growth to 513,058 units. Up to now, SAIC VW's products have fully covered such segments as SUV, sedan, MPV and wagon.
Thanks to the outstanding sales performances of Buick, Chevrolet and Cadillac, SAIC-GM March sales totaled 165,859 units, jumping 35% month on month and rising 17.9% year on year. In the meantime, the company had 14.5% year-on-year sales growth with 491,269 vehicles delivered in the first three months. To maintain a rapid sales growth, GM plans to launch several new SUV products in China, including the locally-produced Cadillac XT4, an all-new Chevrolet SUV as well as the all-new Chevrolet Traverse.
SAIC-GM-Wuling March sales decreased 3.9% from the previous year to 220,061 units, while still surging 42% compared with 155,008 units of the previous month. In the first three months of this year, the automaker's cumulative sales edged up 2.2% year on year to 575,137 units, accounting for nearly 27% of the annual sales in 2017.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com.

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• 1Trial operation of Guizhou Geely NEV production line kicks off
• 2GAC Group sells 508,432 units with YoY growth of 11.21% in Q1
• 3Top 4 Japanese automakers by Q1 China sales
• 4NIO expects to have loss of RMB 5.1 billion in 2018
• 5Geely witnesses YoY sales growth of 39% in both March and Q1

Mazda China sales jump 20.2% YoY in first quarter

Shanghai (Gasgoo)- Mazda Motor (China) Co., Ltd (Mazda China) announced on April 3rd that the company delivered a total of 77,450 vehicles in China in the first quarter of this year, jumping 20.2% year on year, which reached a new high of cumulative sales in China in the first three months.
As to its two major sales channels, both FAW-Mazda and Changan Mazda accomplished year-on-year sales growth during the first quarter of 5.0% and 33.5%, with 31,641 units and 45,809 units delivered respectively.
With regard to the March sales, the Japanese automaker sold 23,406 vehicles in China, edging down 1.0% from a year earlier. Among that, FAW-Mazda faced year-on-year sales decrease of 2.7% to 10,106 units last month, while Changan Mazda handed over 13,300 units with a slight growth of 0.4% over the previous year.
In 2017, Mazda brand boasted a year-on-year increase of 8.3% with 309,407 vehicles delivered in this country, exceeding 300 thousand units for the first time since it entered into China's market. Mazda aims to maintain such impetus in this country and strives to achieve a sales target of 310 thousand units in 2018.
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• 1Geely chairman Li Shufu may not attend Daimler shareholders meeting
• 2Sales growth of Chinese NEV passenger vehicles in first two months of 2018 triples that of globe to 159% year on year
• 3GAC Toyota sees YoY sales growth of 15.8% in Q1
• 4Mazda China sales jump 20.2% YoY in first quarter
• 5Dual-credit policy implements on Apr. 1