Market & Industry
China’s Zotye Auto to roll out 10 plus NEV models by 2020
China’s Zotye Auto to roll out 10 plus NEV models by 2020

Zotye Auto, a China-based privately-owned automaker, plans to roll out over 10 NEV models by 2020 as part of its newly-launched NEV strategy targeting the next fifteen years, according to a press release from the carmaker.

May 6 , 2019
Changan Automobile sees 250.62% year-on-year plunge in Q1 net profit attributable to shareholders
Changan Automobile sees 250.62% year-on-year plunge in Q1 net profit attributable to shareholders

Chongqing Changan Automobile Co., Ltd said on April 30 that its operating income in the first quarter of the year slumped 20% over the previous year to RMB16.008 billion.

May 5 , 2019
GAC Group posts 28.4% year-on-year drop in Q1 net profit
GAC Group posts 28.4% year-on-year drop in Q1 net profit

GAC Group’s revenue for the first quarter of 2019 reached RMB14.256 billion, slumping 25.74% compared with the same period last year, the automaker reported on April 29.

May 5 , 2019
CATL sees Q1 revenue soar 168.93% over a year ago
CATL sees Q1 revenue soar 168.93% over a year ago

China’s power battery maker CATL saw its revenue in the first quarter of the year surged 168.93% year on year to RMB9.982 billion, according to a quarterly report released by the company.

Apr. 29 , 2019
BYD reports 631.98% YoY surge in Q1 net profit
BYD reports 631.98% YoY surge in Q1 net profit

BYD reported on April 26 that its revenue in the first quarter jumped 22.5% year on year to RMB30.304 billion and the quarterly net profit attributable to shareholders of the public company skyrocketed 631.98% to RMB749.732 million.

Apr. 29 , 2019
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage

SAIC Motor announced on April 28 that it has officially launched the enterprise-class mobility service brand dubbed “Xiangdao Zuche” as part of upgrading strategy for “Xiangdao Chuxing”, a mobility service brand launched in last December.

Apr. 29 , 2019