Market & Industry
TikTok’s parent ByteDance builds car sales service subsidiary
TikTok’s parent ByteDance builds car sales service subsidiary

ByteDance, a Chinese social media titan operating several machine learning-enabled content platforms such as TikTok and Toutiao, recently established a car sales service subsidiary.

Oct. 27 , 2021
Gasgoo Daily: Chery teases 2022 Big Ant ahead of launching
Gasgoo Daily: Chery teases 2022 Big Ant ahead of launching

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.

Oct. 26 , 2021
FAW-Dongfeng-Changan ride-hailing platform T3 Mobility bags 7.7 billion yuan in Series A round
FAW-Dongfeng-Changan ride-hailing platform T3 Mobility bags 7.7 billion yuan in Series A round

T3 Mobility, the mobility service platform co-built by FAW Group, Dongfeng Motor, and Changan Auto, said on Oct. 26 it has nabbed 7.7 billion yuan ($1.206 billion) in the Series A funding.

Oct. 26 , 2021
Car and City: September 2021 registrations of NIO models
Car and City: September 2021 registrations of NIO models

For the month of September 2021, the insurance registrations of NIO’s three mass-produced models aggregated 10,423 units, surging 118.1% year on year, while also leaping 60.9% month on month, according to the CBIRC.

Oct. 25 , 2021
Most foreign automakers see double-digit decrease in third-quarter China sales
Most foreign automakers see double-digit decrease in third-quarter China sales

Nine out of eleven major foreign automobile groups saw double-digit year-on-year sales decrease in the third quarter in China.

Oct. 25 , 2021
JAC Group expects Q1-Q3 net profit to over quadruple
JAC Group expects Q1-Q3 net profit to over quadruple

JAC Group estimated a lucrative three quarters this year with its net profit expected to more than quadruple from a year ago.

Oct. 25 , 2021