Market & Industry
SAIC-backed IM Motor's L7 hits market, starting at 368,800 yuan
SAIC-backed IM Motor's L7 hits market, starting at 368,800 yuan

IM Motor, a joint venture among SAIC Motor, Alibaba and Zhangjiang High-Tech, saw its first production model, the IM L7, formally hit the market.

Apr. 18 , 2022
JAC Group forecasts net loss of RMB307 million in Q1 2022
JAC Group forecasts net loss of RMB307 million in Q1 2022

China’s state-owned automaker JAC Group saw a widened net loss after non-recurring deductions in the first quarter of 2022, compared to a year ago, according to its performance forecast.

Apr. 18 , 2022
Gasgoo Daily: DENZA’s MPV to feature over 1,000km of range, photos released
Gasgoo Daily: DENZA’s MPV to feature over 1,000km of range, photos released

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.

Apr. 15 , 2022
Baidu's Apollo partners with Guangdong Huafeng for autonomous EV chassis development
Baidu's Apollo partners with Guangdong Huafeng for autonomous EV chassis development

Baidu’s Apollo Intelligent Technology (Beijing) Co., Ltd. (Apollo) has inked a comprehensive strategic cooperation framework agreement with Guangdong Huafeng New Energy Technology Co., Ltd. (Huafeng) for autonomous EV chassis development.

Apr. 15 , 2022
Desay SV scores 60.75% YoY surge in 2021 net profit
Desay SV scores 60.75% YoY surge in 2021 net profit

China’s major automotive electronics player Desay SV celebrated substantial growth in annual revenue and net profit in 2021, thanks to its intelligent cockpit and intelligent driving development, the company reported on April 14th.

Apr. 15 , 2022
BYD to build new power battery plant in China’s Guangxi
BYD to build new power battery plant in China’s Guangxi

BYD plans to build a power battery and energy storage system manufacturing plant in Nanning city, the capital of the Guangxi Zhuang Autonomous Region in Southern China.

Apr. 15 , 2022