Market & Industry
Chery Holding sees Jan.-Apr. sales soar 91.6% year on year
Chery Holding sees Jan.-Apr. sales soar 91.6% year on year

Chery Holding announced its new vehicle sales in Apr. 2021 zoomed up 91.6% from a year earlier to 76,775 units. For the first four months of the year, the group sold roughly 282,000 vehicles in total, representing a YoY leap of 91.6% as well.

May 7 , 2021
NIO announces strategy for market entry into Norway
NIO announces strategy for market entry into Norway

On May 6, NIO formally announced its market entry into Norway, signaling the beginning of its overseas onslaught.

May 6 , 2021
FAW’s Hongqi scores 132% year-on-year leap in Jan.-Apr. sales
FAW’s Hongqi scores 132% year-on-year leap in Jan.-Apr. sales

FAW Group announced its premium car brand Hongqi sold 91,900 new vehicles during the first four months of the year, representing a year-on-year hike of 132%.

May 6 , 2021
NIO gains 21.2% vehicle margin in Q1 2021
NIO gains 21.2% vehicle margin in Q1 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 boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit
GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit

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
Changan Automobile posts 35.26% year-on-year jump in Q1 2021 net profit
Changan Automobile posts 35.26% year-on-year jump in Q1 2021 net profit

Chongqing Changan Automobile Co.,Ltd. announced its net profit attributable to shareholders reached 853.586 million yuan ($131.614 million), jumping 35.26% over the previous year.

Apr. 29 , 2021