Market & Industry
Changan Automobile boasts 53.65% YoY surge in Q1 2023 net profit attributable to shareholders
Changan Automobile boasts 53.65% YoY surge in Q1 2023 net profit attributable to shareholders

On April 27, Chinese major automaker Changan Automobile released its financial report for the first quarter of 2023, which showed a two-digit year-on-year soar in net profit attributable to shareholders.

Apr. 28 , 2023
ZD Automotive closes Series A financing round
ZD Automotive closes Series A financing round

ZD Automotive, an automotive R&D solution provider, has successfully completed its hundred-million-yuan-level Series A financing with China Merchants Capital as the lead investor.

Apr. 28 , 2023
BAIC Group plans to pour at least 50 billion yuan in R&D over next five years
BAIC Group plans to pour at least 50 billion yuan in R&D over next five years

BAIC Group's deputy General Manager, Gong Yueqiong, revealed that in the next five years, BAIC Group will invest at least 50 billion yuan in R&D of the technologies related to intelligent new energy vehicles.

Apr. 28 , 2023
Chery Holding, CATARC build several joint labs for smart NEV technologies
Chery Holding, CATARC build several joint labs for smart NEV technologies

On April 25, China Automotive Technology & Research Center (CATARC) and Chinese major automaker Chery Holding formed a partnership that covers such fields as automotive engineering technology services, digital business, information services, public

Apr. 27 , 2023
NIO Capital invests in Chinese SiC power device company Sichain Semi
NIO Capital invests in Chinese SiC power device company Sichain Semi

Chinese silicon carbide (SiC) power device developer Sichain Semi (“Sichain”) on Apr. 26 announced via its WeChat account that it has completed its Series A+ financing with hundreds of millions of yuan raised.

Apr. 27 , 2023
Gasgoo Daily: Third-generation Changan CS75 PLUS hits market

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

Apr. 26 , 2023