During the third quarter, GWM saw its net profit attributable to shareholders edge up 2.9% over a year earlier to 1.44 billion yuan ($216,047,520) and recorded a gross margin of 19%, 0.5 percentage points higher than the year-ago period.
Oct. 23 , 2020
In September, the automobile import volume in China jumped 23.8% year on year to roughly 104,000 units (including chassis), which are worth 28.6 billion yuan ($4,290,943,800), according to the Sinomach Automobile Co.,Ltd.
Oct. 23 , 2020
China's motor vehicle parc amounted to roughly 365 million units by the end of September 2020, of which 275 million units are automobiles, according to China's the Ministry of Public Security.
Oct. 22 , 2020
Chinese EV startup NIO is planning to develop its own computing chips for autonomous driving, while the project, which is mainly driven by NIO’s chairman and CEO William Bin Li, is still at its early stage, a local media outlet reported on Oct. 21.
Oct. 21 , 2020
Chinese largest auto marker SAIC Motor announced on October 20 it is ambitious to make the annual sales volume of its self-owned brands exceed 100,000 vehicles in 2025 in Europe, where a number of global auto giants make significant deployment.
Oct. 21 , 2020
Nezha, the NEV brand owned by Chinese EV startup Hozon Auto, saw its third production model, the Nezha V, rolled off the production line on October 20, according to a posting on Nezha’s WeChat account.
Oct. 21 , 2020