News
Dozen automakers raise new energy vehicle prices in China
Dozen automakers raise new energy vehicle prices in China

From the first day of 2022, China’s new energy vehicle (NEV) industry has been restless. With the continuing raw material price hike and the graduate withdrawal of government subsidies, the price of NEVs in China has never been so high.

Mar. 25 , 2022
JAC Group scores 40% jump in net profit in 2021
JAC Group scores 40% jump in net profit in 2021

In 2021, local automaker JAC Group managed a 40% jump in net profit, compared to the previous year, according to its 2021 annual financial report released on March 25th.

Mar. 25 , 2022
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2021 Financial Results
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2021 Financial Results

NIO today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.

Mar. 25 , 2022
Shenzhen subsidizes car replacement to boost auto sales
Shenzhen subsidizes car replacement to boost auto sales

The government of Shenzhen city, Guangdong province has decided to offer a new round of incentives to consumers who replace their older cars with newer ones, as part of the efforts to boost car sales.

Mar. 24 , 2022
WeRide scores $400 million investment with $4.4 billion valuation
WeRide scores $400 million investment with $4.4 billion valuation

China’s autonomous driving startup, WeRide, recently closed its latest financing round, raising over $400 million, a local media outlet reported on March 23rd.

Mar. 24 , 2022