Chinese EV startup NIO announced on March 26 that it decided to suspend the vehicle production in the Hefei-based JAC-NIO manufacturing plant for five workings days from March 29, 2021 because of the shortage of semicondutors.
Mar. 26 , 2021
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
Geely Auto Group (Geely Auto) announced on Tuesday the foudnation of Zeekr Company Limited, a new electric mobility technology and solution company located in China that will meet the growing demands for premium electric vehicles (EVs).
Mar. 23 , 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