- DiDi Autonomous Driving said to close over $3 million funding round
DiDi Autonomous Driving, the self-driving technology arm of Didi Chuxing (DiDi), is about to raise over $300 million, of which $200 million will be invested by GAC Group, according to a local media ou...
June 02 , 2021
- GAC Group gains YoY growth in outputs, sales for ten straight months
As of April 2021, GAC Group had posted year-on-year growth in both monthly outputs and sales for the tenth month in a row.
May 08 , 2021
- GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit
GAC Group announced its quarterly gross revenue jumped 47.31% year on year to 16.023 billion yuan ($2.471 billion) in the first quarter of 2021.
Apr. 30 , 2021
- GAC Group, Tencent step up cooperation for digital applications, mobility service platform
At the Auto Shanghai 2021, GAC Group and Tencent agreed to cement their strategic collaboration to jointly develop more digital products and build new mobility ecosystem, according to a posting on the...
Apr. 20 , 2021
- GAC Group sees net profit in 2020 drop 9.85% year on year
GAC Group gained 63.157 billion yuan ($9.657 billion) in the gross revenue for the year of 2020, posting a year-on-year growth of 5.88%, according to the annual financial results released on Thursday.
Mar. 26 , 2021
- Huawei, GAC Aion said to ally on development of next-generation smart EVs
On March 8, Chongqing Sokon Industry Group Stock Co.,Ltd. signed a memorandum of understanding (MoU) with Huawei Device Co.,Ltd., a subsidiary of Huawei, to co-explore cooperation on new energy vehicl...
Mar. 10 , 2021
- GAC Group reports over 440% YoY growth in both Feb. outputs, sales
GAC Group output and sold 103,937 and 105,128 new vehicles in Feb., respectively representing year-on-year hike of 500.34% and 443.38%, the company announced on March 8.
Mar. 09 , 2021
- GAC NIO announces completion of capital increase worth 2.405 billion yuan
GAC NIO, a joint venture between Chinese automaker GAC Group and NIO, announced on Feb. 19 it has completed a capital increase by drawing a total of 2.405 billion yuan ($370.747 million).
Feb. 20 , 2021
