Uxin Limited on May 16 entered into a binding term sheet with affiliates of two existing shareholders, NIO Capital and Joy Capital (collectively, the “Investors”) for new financing business.
May 17 , 2022
SAIC-GM-Wuling (SGMW), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, on May 14 saw its first proprietary EPS (electric power steering) controller roll off the production line.
May 16 , 2022
With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.
May 16 , 2022
DENZA, a premium auto brand majority-owned by BYD, formally started presale of the long-awaited all-new MPV model "D9" on May 16. Presale prices of the model range from 335,000 yuan ($49,310) to 460,000 yuan ($67,710).
May 16 , 2022
BMW issued a price increase on models sold in the China market, including both China-made and imported vehicles, a local media outlet reported on May 15th.
May 16 , 2022
Hunan Zhongke Electric Co., Ltd. (“Zhongke Electric) inked an agreement on May 13 to build a lithium battery anode materials manufacturing base in Meishan city, Sichuan province, according to a post on the company's official WeChat account.
May 16 , 2022