Market & Industry
Summary: profitability of Chinese mainstream automakers in 2018
Summary: profitability of Chinese mainstream automakers in 2018

Gasgoo compiled financial data released by most Chinese major auto groups and found out that the growth rates of both revenue and net profit for most automakers listed here were less than that of the previous year.

Apr. 19 , 2019
FAW exhibits 20 models at Auto Shanghai 2019
FAW exhibits 20 models at Auto Shanghai 2019

FAW Group Corporation (FAW) is starting the 18th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2019) with three world premieres of Hongqi SUVs and whole product lineup of Hongqi and Bestune brands.

Apr. 19 , 2019
Hanteng Auto, Baidu team up on Level 3 autonomous driving system
Hanteng Auto, Baidu team up on Level 3 autonomous driving system

Hanteng Auto, a privately owned Chinese automobile manufacturer, signed an agreement at the Auto Shanghai 2019 with the Internet giant Baidu to step up their cooperation in Level 3 autonomous driving area.

Apr. 18 , 2019
BAIC Group gains 3.7% year-on-year growth in Q1 sales
BAIC Group gains 3.7% year-on-year growth in Q1 sales

China’s stated-owned automaker BAIC Group announced that its revenue in the first quarter of the year reached RMB123.68 billion with a year-on-year increase of 11.6% and its quarterly profit rose 13.6%, outpacing the revenue growth.

Apr. 18 , 2019
CATL forges partnership with Huawei during Auto Shanghai 2019
CATL forges partnership with Huawei during Auto Shanghai 2019

Contemporary Amperex Technology Limited (CATL), Chinese leading power battery maker, signed a cooperation agreement with Huawei, a China-based global provider of ICT infrastructure and smart devices, on April 17 in Shanghai.

Apr. 18 , 2019
Harman International, BAIC BJEV form strategic partnership for scalable digital cockpit solution
Harman International, BAIC BJEV form strategic partnership for scalable digital cockpit solution

Harman International, a wholly-owned subsidiary of Samsung Electronics Co.,Ltd, has struck a deal with Chinese NEV maker BAIC BJEV at Auto Shanghai 2019 to offer the latter the scalable Digital Cockpit solution.

Apr. 17 , 2019