SAIC Motor, the Chinese biggest automobile group, reported a gross revenue of 189.095 billion yuan ($29.22 billion) for the first quarter of 2021, a year-on-year jump of 82.13%.
Apr. 30 , 2021
For the first quarter of 2021, NIO’s vehicle margin rose to 21.2% from negative 7.4% for the prior-year period mainly driven by higher deliveries and solid average selling price, and the gross margin also grew to 19.5%.
Apr. 30 , 2021
GAC Group announced its quarterly gross revenue jumped 47.31% year on year to 16.023 billion yuan ($2.471 billion) in the first quarter of 2021.
Apr. 30 , 2021
Sky-well New Energy Automobile Group Co. Ltd. officially launched on April 27 the brand “Skyworth Auto”, which is designed to be built into a marque for smart new energy vehicles.
Apr. 28 , 2021
Chinese power battery giant CATL announced on April 27 it full-year revenue in 2020 grew 9.9% year on year to 50.319 billion yuan ($7.759 billion).
Apr. 28 , 2021
Chinese EV startup HOZON Auto, who owns the EV brand Nezha, announced on April 26 the beginning of its Series D financing, which is intended to raise roughly 3 billion yuan and is strategically led by Chinese Internet security company 360.
Apr. 27 , 2021