EV
BYD signs agreement for building Phase IV facility of industrial park in Shenshan Special Cooperation Zone
BYD signs agreement for building Phase IV facility of industrial park in Shenshan Special Cooperation Zone

This development signifies a further boost to BYD's investment in the city.

Nov. 20 , 2024
CAIP starts construction of first overseas factory in Hungary
CAIP starts construction of first overseas factory in Hungary

On November 18, Jiangsu Changshu Automotive Trim Group Co., Ltd. ("CAIP") broke ground on its first overseas factory in Hungary, marking a significant milestone in the company's global expansion.

Nov. 20 , 2024
XPENG reports YoY, QoQ growth in Q3 2024 revenue, gross margin
XPENG reports YoY, QoQ growth in Q3 2024 revenue, gross margin

The company reported total revenues of 10.10 billion yuan (US$1.44 billion) for Q3 2024, marking an 18.4% increase from the same period last year and a 24.5% rise from the second quarter of 2024.

Nov. 20 , 2024
Hongqi starts pre-orders for TianGong 08 all-electric SUV
Hongqi starts pre-orders for TianGong 08 all-electric SUV

On November 15, Hongqi, FAW Group's premium passenger car brand, began pre-orders for the TianGong 08 mid-to-large luxury all-electric SUV.

Nov. 19 , 2024
GAC Group eyes annual sales of 2 million vehicles for wholly-owned brands by 2027
GAC Group eyes annual sales of 2 million vehicles for wholly-owned brands by 2027

At the Auto Guangzhou 2024, GAC Group launched its ambitious three-year "Panyu Action," aiming to have its self-owned brands account for over 60% of the group's total sales by 2027, with a bold target of 2 million vehicles sold.

Nov. 19 , 2024
Xiaomi records Q3 2024 revenue of 9.7 billion yuan in innovative businesses including smart EV
Xiaomi records Q3 2024 revenue of 9.7 billion yuan in innovative businesses including smart EV

Xiaomi's smart electric vehicle (EV) and other innovative businesses generated 9.7 billion yuan in revenue for Q3, with a gross margin of 17.1%, but posted an adjusted net loss of 1.5 billion yuan.

Nov. 19 , 2024