GAC Group gained 63.157 billion yuan ($9.657 billion) in the gross revenue for the year of 2020, posting a year-on-year growth of 5.88%, according to the annual financial results released on Thursday.
Mar. 26 , 2021
SAIC Motor announced on Thursday its revenue in 2020 dropped 12.52% year on year to roughly 723.043 billion yuan ($110.56 billion), while the full-year net profit attributable to shareholders fell 20.2% to 20.431 billion yuan ($3.124 billion).
Mar. 25 , 2021
JAC Group signed a framework agreement with Sinotrans Limited, one of the largest logistics companies in China, to co-build a highly efficient modern automotive logistics service system by leveraging both parties’ advantageous resources.
Mar. 25 , 2021
Geely Automobile Holding Ltd., (Geely Auto or the group), the Hong Kong-listed entity of Geely Auto Group, announced on Tuesday its full-year revenue in 2020 reached 92.114 billion yuan ($14.152 billion), dropping 5% over the previous year.
Mar. 23 , 2021
SVOLT Energy Technology Co., Ltd. (SVOLT), a leading Chinese EV battery manufacturer carved out of Great Wall Motor (GWM), has launched the Series B funding, expecting to raise 3 billion to 4 billion yuan (about $461 million to $615 million).
Mar. 22 , 2021
Great Wall Motor (GWM) is about to separate the TANK series from its premium SUV brand WEY, aiming to develop TANK as a standalone off-road vehicle marque, Wei Jianjun, chairman of GWM.
Mar. 22 , 2021