Market & Industry
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
Former XPeng executive said to join NIO as vice president
Former XPeng executive said to join NIO as vice president

China’s up-rising EV startup, XPeng, reportedly saw its autonomous driving product director, Huang Xin, leave the company to assume the vice president position of its rival, NIO, a local media outlet reported on March 29th.

Mar. 29 , 2022
JMC Ford Technology Launches Equator Sport
JMC Ford Technology Launches Equator Sport

It has four trim levels, Entry Trend, Trend, Titanium and Titanium Plus, with a respective MSRP of RMB 139,800, RMB 143,800, RMB 155,800, and RMB 165,800.

Mar. 29 , 2022
Gasgoo Daily: CATL becomes investor of Avatr Technology
Gasgoo Daily: CATL becomes investor of Avatr Technology

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

Mar. 28 , 2022
Gotion High-Tech to mass produce 230Wh/kg LFP battery at end of 2022
Gotion High-Tech to mass produce 230Wh/kg LFP battery at end of 2022

Gotion High-Tech has already achieved the industrialization for its 210Wh/g lithium iron phosphate (LFP) battery and will put the 230Wh/g LFP battery into mass production at the end of the year.

Mar. 28 , 2022