Market & Industry
GWM 2025 strategy: huge increase in sales and revenues
GWM 2025 strategy: huge increase in sales and revenues

In 2025, the automaker expects its revenues will be RMB 600 billion and in the next five years, its cumulative R&D investment will be up to RMB 100 billion.

Jun. 29 , 2021
China PV wholesales in May: Hongguang MINIEV, Model 3 among top 10 PVs with only BEVs for sale
China PV wholesales in May: Hongguang MINIEV, Model 3 among top 10 PVs with only BEVs for sale

Among the top 10 locally-made PV models by May wholesales, there were eight car models and only two SUV models.

Jun. 28 , 2021
NIO builds intelligent driving tech subsidiary in Hefei
NIO builds intelligent driving tech subsidiary in Hefei

On June 24, Chinese EV startup NIO founded an intelligent driving technology subsidiary, whose legal representative is Qin Lihong, co-founder and president of NIO.

Jun. 28 , 2021
Xiaomi’s affiliated company adds sale of battery swapping facility into business scope
Xiaomi’s affiliated company adds sale of battery swapping facility into business scope

Youpin Information Technology Co.,Ltd., an affiliated company of Xiaomi’s e-commerce platform Youpin, has included the sale of new energy vehicle (NEV)-related electrical accessories and battery swapping facilities into its business scope.

Jun. 25 , 2021
Geely’s premium EV tech company ZEEKR to be headquartered in Ningbo
Geely’s premium EV tech company ZEEKR to be headquartered in Ningbo

Geely announced the global headquarters of ZEEKR Intelligent Technology Co.,Ltd. will be located in Ningbo, Zhejiang province.

Jun. 25 , 2021
China to sell 1.58 million passenger vehicles in June: CPCA
China to sell 1.58 million passenger vehicles in June: CPCA

In the fifth week of this month, new vehicle sales in China are forecasted to 450,000 vehicles with a daily year-on-year decrease of 2.6%.

Jun. 25 , 2021