Market & Industry
SAIC Motor’s mobility service platform Xiangdao Chuxing launches fund to raise 500 million yuan
SAIC Motor’s mobility service platform Xiangdao Chuxing launches fund to raise 500 million yuan

Xiangdao Chuxing, the mobility service brand of SAIC Motor, announced on August 4 the launch a special asset-backed project dubbed “Xiaodao No.1”.

Aug. 5 , 2021
Gasgoo Daily: China’s automobile sales in July likely to drop 13.8% YoY
Gasgoo Daily: China’s automobile sales in July likely to drop 13.8% YoY

With Gasgoo Daily, we will offer at least 10 pieces of automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Aug. 4 , 2021
Honda Motor sees China deliveries dip 20.9% in July
Honda Motor sees China deliveries dip 20.9% in July

In July 2021, Honda Motor Co., (Honda) saw its China deliveries tumble 20.9% year on year to 108,139 units due to the chip supply constraint, the Japanese automaker said on Wednesday.

Aug. 4 , 2021
HOZON Auto’s monthly deliveries top 6,000 units for first time
HOZON Auto’s monthly deliveries top 6,000 units for first time

HOZON Auto, the Chinese startup owning EV brand NETA, said on Monday it achieved its highest-ever monthly sales in July 2021 with 6,011 new vehicles delivered, posting a 392% year-over-year hike.

Aug. 2 , 2021
China’s Vehicle Inventory Alert Index falls 10.4 percentage points YoY in July 2021
China’s Vehicle Inventory Alert Index falls 10.4 percentage points YoY in July 2021

China's Vehicle Inventory Alert Index stood at 52.3% in July 2021, dropping 10.4 percentage points from the previous year, while also felling 3.8 percentage points from the previous month, according to the China Automobile Dealers Association.

Aug. 2 , 2021
XPeng begins construction of Wuhan-based car plant
XPeng begins construction of Wuhan-based car plant

XPeng Motor (XPeng) announced on July 31 the start of the construction for its Wuhan manufacturing plant, marking the strategic cooperation formed with Wuhan municipal government in April 2021 has been firmed up.

Aug. 2 , 2021