Market & Industry
GAC Group’s 2021 net profit expected to rise 11% to 27% YoY
GAC Group’s 2021 net profit expected to rise 11% to 27% YoY

GAC Group announced on Tuesday its full-year net profit attributable to shareholders is forecasted to reach 6.6 billion ($1.035 billion) to 7.6 billion yuan ($1.192 billion), rising 11% to 27% from the previous year.

Jan. 11 , 2022
SAIC-GM-Wuling scores 13.5% YoY growth in 2021 retail sales
SAIC-GM-Wuling scores 13.5% YoY growth in 2021 retail sales

SAIC-GM-Wuling claimed on Tuesday a retail sales volume of 1,760,176 new vehicles for the year of 2021, representing a 13.5% year-on-year increase.

Jan. 11 , 2022
Bosch-invested U Power launches customizable skateboard chassis
Bosch-invested U Power launches customizable skateboard chassis

China’s skateboard chassis developer, U Power, launched its electric UP Super Board that allows over 1,000 km of range and three concept models built on top of the board.

Jan. 11 , 2022
Changan Auto 2021 sales volume rises 15% YoY to 2.3 million vehicles
Changan Auto 2021 sales volume rises 15% YoY to 2.3 million vehicles

China’s major automaker, Changan Auto, reported a prominent year with its annual sales volume growing in each aspect in 2021 compared to a year ago.

Jan. 10 , 2022
HOZON Auto sees 100,000th vehicle roll off assembly line
HOZON Auto sees 100,000th vehicle roll off assembly line

HOZON Auto, the Chinese startup owning the EV brand NETA, on Jan. 8 celebrated the birth of its 100,000th mass-produced vehicle, according to a post on the company’s WeChat account. It took only 42 months for HOZON Auto to achieve the milestone.

Jan. 10 , 2022
BAIC BJEV Dec. sales increase threefold YoY
BAIC BJEV Dec. sales increase threefold YoY

BAIC Bluepark, the holding company of BAIC BJEV, saw its December sales volume quadrupling from a year ago, according to its sales performance report.

Jan. 10 , 2022