Market & Industry
JAC Group scores 40% jump in net profit in 2021
JAC Group scores 40% jump in net profit in 2021

In 2021, local automaker JAC Group managed a 40% jump in net profit, compared to the previous year, according to its 2021 annual financial report released on March 25th.

Mar. 25 , 2022
Gasgoo Daily: CATL’s first zero-emission battery factory settles in Sichuan
Gasgoo Daily: CATL’s first zero-emission battery factory settles in Sichuan

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.

Mar. 24 , 2022
Shenzhen subsidizes car replacement to boost auto sales
Shenzhen subsidizes car replacement to boost auto sales

The government of Shenzhen city, Guangdong province has decided to offer a new round of incentives to consumers who replace their older cars with newer ones, as part of the efforts to boost car sales.

Mar. 24 , 2022
SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base
SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base

On March 22, SAIC Motor celebrated the ground-breaking for the second phase of its engine manufacturing base in Zhengzhou city, the capital of China's Henan province.

Mar. 23 , 2022
Geely Auto 2021 revenue up by 10% YoY
Geely Auto 2021 revenue up by 10% YoY

Last year, the automaker sold 1,328,029 new vehicles, representing a slight increase of 1%.

Mar. 23 , 2022
Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025
Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025

On March 23rd, Hyundai Motor Group disclosed its target to sell 520,000 vehicles annually in China by 2025 via its Chinese joint venture, Beijing Hyundai.

Mar. 23 , 2022