China EV Daily (July 31): Geely’s AI advancements, Leapmotor price cut, Porsche’s potential China investment

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[Geely] On July 31, Geely Automobile Group CEO Jiayue Gan revealed at an internal meeting today that the company already possesses the technology to self-develop full-stack AI large models and plans to release it to the public in the second half of the year. AI intelligent interactive technologies such as external voice interaction, AI music MV, AI children’s picture book, WOW wallpaper 1.2 version, etc., have been first mounted on Geely Galaxy L6, which is expected to be launched in September. — Finance Network

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[Geely] On July 31, according to Automotive News Europe, Aston Martin appointed Daniel Li, CEO of Geely Holding Group, as a member of its board of directors. It is reported that Geely Holding is its third largest shareholder. — CNC

[Leapmotor] On July 31, according to a post by Weibo user “Quasi-Star Channel(类星频道)”, Leapmotor C series, including C11 and C01, are about to have a price cut in August. And confirmed the rumors that Leapmotor is currently authorizing the cooperation of complete vehicles or technologies with two overseas new forces brands. One is a vehicle body, including the chassis, electric drive brand, and the other is full-vehicle product-level cooperation. — Sina Weibo

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Leapmotor C01

[Porsche] On July 31, last Wednesday, XPeng Motors and Volkswagen announced a strategic partnership, the two sides will jointly develop two B-class pure electric models for sale under the Volkswagen brand in China. Porsche said it is considering investing up to $3.3 billion to build a factory and is currently in talks with potential financial and strategic partners. According to information shared by automotive analyst @Jas0nYu, Porsche, a subsidiary of Volkswagen, has sought platform cooperation from BYD, Li Auto, and Nio, but has been rejected. He believes that XPeng’s cooperation with Volkswagen is mutually beneficial, and Japanese and Korean brands will gradually abandon the Chinese market.

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