Great Wall Motor (GWM) announced on Tuesday it sold 517,547 new vehicles during the first five months of 2021, recording a year-on-year surge of 65.32%. The sales for the month of May reached 86,965 units, rising 6.18% from a year ago.
Jun. 9 , 2021
Thanks to its outstanding sales performance in the first four months, its cumulative sales of the first five months exceeded 1 million units.
Jun. 9 , 2021
Hesai, a Shanghai-based LiDAR manufacturer, announced on June 8 the completion of its Series D funding with over $300 million raised. The latest financing round was led by GL Ventures, Xiaomi, Meituan, and CITICPE.
Jun. 8 , 2021
Chery Holding said it sold a total of 65,842 new vehicles in May 2021, representing a year-on-year jump of 58.1%. For the first five months, the group saw its year-to-date sales leapt 84.2% to 348,302 units.
Jun. 7 , 2021
Last month, a report saying NIO would launch an entry-level vehicle model code-named “Gemini”. In response to the report, Qin Lihong, co-founder of NIO, recently said the “Gemini” is a new vehicle the startup plans to launch next year.
Jun. 7 , 2021
One of the main reasons for Internet tech companies’ zeal in car cause is the huge market potential of smart cars and new energy vehicles (NEVs) in China.
Jun. 7 , 2021