Market & Industry
Aiways raises price of U5 model in China
Aiways raises price of U5 model in China

On March 30th, local EV startup, Aiways, announced a price increase on tis only model on the market, the U5, effective April 6th.

Mar. 31 , 2022
Sixents' location service-powered WM Motor M7 makes debut
Sixents' location service-powered WM Motor M7 makes debut

On March 31st, WM Motor officially introduced its M7 battery-electric sedan model powered by Sixents’ high precision location service.

Mar. 31 , 2022
GAC Group scores double-digit YoY growth in 2021 revenue, net profit
GAC Group scores double-digit YoY growth in 2021 revenue, net profit

GAC Group announced earlier this week its annual gross revenue jumped 19.82% year on year to around 75.676 billion yuan ($11.9 billion) in 2021.

Mar. 31 , 2022
BYD’s annual revenue in 2021 leaps 38.02% YoY, but net profit falls 28.08%
BYD’s annual revenue in 2021 leaps 38.02% YoY, but net profit falls 28.08%

BYD Company Limited (“BYD”) saw its annual net profit attributable to shareholders dwindle 28.08% year on year to 3.045 billion yuan ($479 million) in 2021, according to the company's announcement.

Mar. 30 , 2022
Ningbo Tuopu Group projects at least 41% YoY jump in net profit in Q1 2022
Ningbo Tuopu Group projects at least 41% YoY jump in net profit in Q1 2022

China’s leading auto parts supplier, Ningbo Tuopu Group projected a 50% to 54% year-on-year surge in revenue in the first quarter of 2022, according to the company’s performance preannouncement released on March 29th.

Mar. 30 , 2022
Great Wall Motor scores 25.4% YoY jump in 2021 annual net profit
Great Wall Motor scores 25.4% YoY jump in 2021 annual net profit

Great Wall Motor’s business strategies helped the company bring in RMB136.4 billion ($21.43 billion) annual revenue in 2021, jumping 32.04% year over year, according to its 2021 annual report released on March 29th.

Mar. 30 , 2022