Market & Industry
Xiaomi finishes registration of automobile company
Xiaomi finishes registration of automobile company

Lei Jun, the phone maker’s founder and CEO, will serve as the new company’s legal representative, the company announced today.

Sep. 1 , 2021
Lotus Technology locates global headquarters in Wuhan
Lotus Technology locates global headquarters in Wuhan

Lotus Technology, which developed high-end all-electric smart cars for Lotus brand globally, was officially founded on August 31.

Aug. 31 , 2021
GAC Group boasts 87.07% YoY surge in H1 2021 net profit
GAC Group boasts 87.07% YoY surge in H1 2021 net profit

GAC Group said its gross revenue for the first half of 2021 reached 34.572 billion yuan, jumping 34.83% from the previous year. Its semi-annual net profit attributable to shareholders surged 87.07% to 4.337 billion yuan.

Aug. 31 , 2021
BYD scores 50.22% YoY jump in semi-annual revenue
BYD scores 50.22% YoY jump in semi-annual revenue

The revenue for the first six months of the year at BYD Company Limited (BYD) surged 50.22% year on year to 90.885 billion yuan ($14.052 billion), the company reported in a filing last week.

Aug. 30 , 2021
Gasgoo Daily: SAIC VW contributes 21.7% YoY of group net profit
Gasgoo Daily: SAIC VW contributes 21.7% YoY of group net profit

With Gasgoo Daily, we will offer important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Aug. 27 , 2021
Shanghai-led alliance included in China’s first FCV pilot application city clusters
Shanghai-led alliance included in China’s first FCV pilot application city clusters

A city cluster led by Shanghai and formed for the pilot application of fuel cell vehicles (FCVs) has become one of China’s first conurbations authorized for FCV demonstration.

Aug. 27 , 2021