Market & Industry
Xiaomi pours RMB425 million into innovative business including car making in Q1 2022
Xiaomi pours RMB425 million into innovative business including car making in Q1 2022

China’s smartphone giant Xiaomi recently released its 2022 first-quarter financial results with year-on-year growth in R&D expenses partially caused by its intelligent electric vehicle business.

May 24 , 2022
China to cut passenger vehicle purchase tax by 60 billion yuan
China to cut passenger vehicle purchase tax by 60 billion yuan

China will provide cuts of 60 billion yuan ($8.977 billion) on passenger vehicle purchase taxes.

May 24 , 2022
Car and City: BYD registers most NEVs in Beijing in Apr.
Car and City: BYD registers most NEVs in Beijing in Apr.

In April 2022, Tesla came down from the pedestal of new energy vehicle registrations in Beijing, and BYD swooped in, according to data compiled by Gasgoo Auto Research Institute (GARI).

May 23 , 2022
Gasgoo Daily: Mercedes-Benz plans to launch China-dedicated BEV model
Gasgoo Daily: Mercedes-Benz plans to launch China-dedicated BEV model

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.

May 20 , 2022
Former CTO of Li Auto joins Alibaba-affiliated Vision Plus Capital
Former CTO of Li Auto joins Alibaba-affiliated Vision Plus Capital

On May 20th, China’s venture capital Vision Plus Capital announced the addition of its new partner, Wang Kai, the former CTO of the NEV startup Li Auto.

May 20 , 2022
AVATR 11 kicks off presale, interior images unveiled
AVATR 11 kicks off presale, interior images unveiled

On May 20th, AVATR released the interior images of its first production model, the AVATR 11, and kicked off its presale.

May 20 , 2022