Market & Industry
SGMW’s 25,000,000th vehicle rolls off production line
SGMW’s 25,000,000th vehicle rolls off production line

Today, SAIC-GM-Wuling (Wuling) celebrated a historic moment with its 250,000,000th vehicle rolling off the production line, marking the milestone of the first Chinese company to produce and sell 25 million vehicles.

Nov. 18 , 2021
HOZON Auto reportedly kicks off Pre-IPO investment round
HOZON Auto reportedly kicks off Pre-IPO investment round

HOZON Auto, the EV startup owning the brand NETA is reportedly raising another financing round with an $800 million bottom line and a $1 billion top limit.

Nov. 18 , 2021
Ambilight closes Series C round, with BYD, NIO Capital as strategic investors
Ambilight closes Series C round, with BYD, NIO Capital as strategic investors

The latest round was led by Warburg Pincus, with Pagoda Innovation and Cygnus Equity as participant investors. BYD and NIO Capital also invested in the round as strategic investors.

Nov. 18 , 2021
Gasgoo Daily: XPeng adds 111 super charging stations in Oct.
Gasgoo Daily: XPeng adds 111 super charging stations in Oct.

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.

Nov. 16 , 2021
BYD to unveil first “marine aesthetics” sedan model at Auto Guangzhou
BYD to unveil first “marine aesthetics” sedan model at Auto Guangzhou

BYD announced on Tuesday via its twitter-like Weibo account that the first sedan model adopting BYD’s “marine aesthetics” design philosophy will make its debut at the upcoming Auto Guangzhou 2021.

Nov. 16 , 2021
​XPeng granted permission for highest stake in two firms
​XPeng granted permission for highest stake in two firms

China’s EV startup XPeng Inc. released an announcement stating it had gained permission to possess 50% in Yidian Mobility Co., Ltd. and Zhipeng V2X Technology Co., Ltd respectively.

Nov. 16 , 2021