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Great Wall Motor scores 25.4% YoY jump in 2021 annual net profit
Great Wall Motor scores 25.4% YoY jump in 2021 annual net profit

Great Wall Motor’s business strategies helped the company bring in RMB136.4 billion ($21.43 billion) annual revenue in 2021, jumping 32.04% year over year, according to its 2021 annual report released on March 29th.

Mar. 30 , 2022
NIO to launch sixth mass-produced model at end of May
NIO to launch sixth mass-produced model at end of May

Chinese EV startup NIO will launch its sixth production model, the ES7, at the end of May this year, Qin Lihong, co-founder and president of NIO, revealed on March 30.

Mar. 30 , 2022
Baidu Apollo's founding member joins local autonomous driving startup Pegasus
Baidu Apollo's founding member joins local autonomous driving startup Pegasus

On March 30th, China’s young autonomous driving startup, Pegasus, announced that the former vice president of Baidu, Wang Jing’ao joined the company as its co-founder and CTO.

Mar. 30 , 2022
China's commercial vehicle intelligent driving developer Soterea lands RMB1.3 billion in B round
China's commercial vehicle intelligent driving developer Soterea lands RMB1.3 billion in B round

On March 28th, China’s commercial vehicle intelligent driving developer, Soterea, announced the completion of its Series B investment round, raising over RMB1.3 billion.

Mar. 29 , 2022
China encourages companies to develop flying cars
China encourages companies to develop flying cars

On March 28th, China’s Ministry of Transportation and the Ministry of Science and Technology issued a guideline for technology development in the transportation field, encouraging the development of “flying cars” within the country.

Mar. 29 , 2022
Gasgoo Daily: Li Auto said to produce all-electric MPV first at Beijing plant
Gasgoo Daily: Li Auto said to produce all-electric MPV first at Beijing plant

With Gasgoo Daily, we will offer daily important automotive news in China.

Mar. 29 , 2022