Market & Industry
Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit
Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit

Chinese legacy automaker Dongfeng Motor Group announced a projected 75% year-on-year decline in net profit attributable to shareholders for the first half of 2023, as revealed in a recent disclosure on August 14.

Aug. 16 , 2023
Gasgoo Daily: SGMW releases images of first sedan ‘Xingguang’
Gasgoo Daily: SGMW releases images of first sedan ‘Xingguang’

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

Aug. 15 , 2023
Changan Qiyuan Q05 compact SUV obtains regulatory approval from MIIT
Changan Qiyuan Q05 compact SUV obtains regulatory approval from MIIT

Changan Automobile’s Qiyuan new energy vehicle brand saw its Q05 model included in the 374th batch of the "List of Road Motor Vehicle Manufacturers and Products" by China’s Ministry of Industry and Information Technology.

Aug. 15 , 2023
China’s auto-grade semiconductor firm SiPower closes third funding round
China’s auto-grade semiconductor firm SiPower closes third funding round

Suzhou Xizhi Technology Co., Ltd. ("SiPower"), a Chinese third-generation semiconductor high-tech company, announced on August 14 it has successfully concluded its third funding round, amassing nearly 100 million yuan.

Aug. 15 , 2023
Geely, Baidu form new automotive joint venture
Geely, Baidu form new automotive joint venture

Baidu and Geely together established a new joint venture on August 9, namely Hangzhou Ji and Yue Automotive Technology Co., Ltd. (referred to as "Ji and Yue), with a registered capital of 10 million yuan.

Aug. 14 , 2023