Market & Industry
CATL scores 9.9% year-on-year growth in 2020 revenue
CATL scores 9.9% year-on-year growth in 2020 revenue

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 cybersecurity giant 360 leads Series D round of EV startup HOZON Auto
Chinese cybersecurity giant 360 leads Series D round of EV startup HOZON Auto

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
China PV wholesales in March 2021: Hongguang MINIEV honored No.3 PV model with only BEVs for sale
China PV wholesales in March 2021: Hongguang MINIEV honored No.3 PV model with only BEVs for sale

The Hongguang MINIEV was still the only one on the top 10 PV model list only pure electric vehicles (BEVs) for sale.

Apr. 27 , 2021
Li Auto establishes EV technology development subsidiary in Shanghai
Li Auto establishes EV technology development subsidiary in Shanghai

Chinese EV startup Li Auto set up its Shanghai branch on April 20 after it announced in early February the plan of launching a R&D center in this megacity.

Apr. 22 , 2021
ByteDance sets up subsidiary for car, auto parts sales
ByteDance sets up subsidiary for car, auto parts sales

ByteDance, the Chinese parent of the hit video app TikTok, founded on April 19 a subsidiary engaging in telecommunications and automobile businesses.

Apr. 21 , 2021
Changan Automobile scores 225.6% year-on-year hike in 2020 net profit
Changan Automobile scores 225.6% year-on-year hike in 2020 net profit

In 2020, Changan Automobile saw its full-year net profit attributable to shareholders soar 225.6% from a year earlier to 3.324 billion yuan ($511.573 million).

Apr. 20 , 2021