Market & Industry
Xiaomi pours 1.1 billion yuan in innovative businesses including automaking in Q1 2023
Xiaomi pours 1.1 billion yuan in innovative businesses including automaking in Q1 2023

On May 24, Chinese tech giant Xiaomi Group unveiled its financial performance for the first quarter of 2023, with a quarterly revenue of 59.477 billion yuan, which dropped 18.9% year over year.

May 25 , 2023
Continental AG’s subsidiary breaks ground on new production facility in Jiading district, Shanghai
Continental AG’s subsidiary breaks ground on new production facility in Jiading district, Shanghai

On May 24, Continental Automotive Systems (Shanghai) Co., Ltd., a subsidiary of Continental AG, broke ground in Jiading district the fourth phase of its factory in Shanghai city, according to a post on Continental AG’s WeChat account.

May 25 , 2023
Polestar, Xingji Meizu said to seek capital collaboration
Polestar, Xingji Meizu said to seek capital collaboration

Polestar, the electric performance car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding Group, is reportedly exploring a capital-level collaboration with Xingji Meizu.

May 24 , 2023
China’s locally-made passenger vehicle retail sales likely to grow 6.6% MoM in May 2023: CPCA
China’s locally-made passenger vehicle retail sales likely to grow 6.6% MoM in May 2023: CPCA

China's domestic passenger vehicle retail sales are anticipated to reach 1.73 million units in May 2023, which should climb 6.6% from the previous month, and also leap 27.7% from the previous year.

May 24 , 2023
Gasgoo Daily: SAIC Motor’s 1st mass-produced solid-state-battery-powered model to roll off line in 2025
Gasgoo Daily: SAIC Motor’s 1st mass-produced solid-state-battery-powered model to roll off line in 2025

With Gasgoo Daily, we will offer daily important automotive news in China.

May 23 , 2023
Baidu, Shandong Provincial Department of Transportation ally on smart transportation construction
Baidu, Shandong Provincial Department of Transportation ally on smart transportation construction

On May 21, the Shandong Provincial Department of Transportation held a agreement signing ceremony with Beijing Baidu Netcom Science Technology Co., Ltd. (Baidu Netcom) in Jinan city, where they formed a strategic cooperation.

May 23 , 2023