Market & Industry
Lifan Technology forecasts 170% YoY surge in 2022 annual net profit
Lifan Technology forecasts 170% YoY surge in 2022 annual net profit

Lifan Technology announced on Wednesday it was anticipated to record an annual net profit attributable to shareholders of around 150 million yuan ($22.126 million) in 2022, which should surge 170% compared to the previous year.

Jan. 19 , 2023
Car and City: Wuling Hongguang MINIEV scores 5.01% YoY rise in 2022 registrations
Car and City: Wuling Hongguang MINIEV scores 5.01% YoY rise in 2022 registrations

For the year of 2022, there were 410,053 Wuling Hongguang MINIEVs registered across the Chinese mainland, representing a 5.01% year-on-year growth, according to the data compiled by Gasgoo Auto Research Institute ("GARI").

Jan. 18 , 2023
NavInfo projects 6.21%-12.74% YoY rise in 2022 annual revenue
NavInfo projects 6.21%-12.74% YoY rise in 2022 annual revenue

On January 18, China’s automotive intelligence solution developer NavInfo released the estimated results of its 2022 annual business performance.

Jan. 18 , 2023
Chinese auto chip designer Grecon Semi nabs 100 million yuan in Series A+ financing
Chinese auto chip designer Grecon Semi nabs 100 million yuan in Series A+ financing

Grecon Semi, a Chinese auto chip designer and seller, announced on Tuesday via its WeChat account that it completed the Series A+ financing at the end of 2022, which bagged for the company over 100 million yuan ($14.767 million).

Jan. 17 , 2023
Gasgoo Daily: BMW Brilliance recalls 171,828 BMW 5 Series vehicles in China
Gasgoo Daily: BMW Brilliance recalls 171,828 BMW 5 Series vehicles in China

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Jan. 17 , 2023
Roborock founder’s auto startup ROX said to launch first vehicle in Q3 2023
Roborock founder’s auto startup ROX said to launch first vehicle in Q3 2023

ROX, the auto startup project founded by Chang Jing, the founder and CEO of China’s intelligent cleaning robot company Roborock, is said to launch its first vehicle model in the third quarter of 2023, according to a local media outlet.

Jan. 17 , 2023