News
Beijing Hyundai secures $942.2 million capital increase from two parent firms
Beijing Hyundai secures $942.2 million capital increase from two parent firms

BAIC Investment and Hyundai Motor have entered into an agreement to jointly inject capital of around $942.2 million in their joint venture Beijing Hyundai, according to an announcement issued on March 18 by BAIC Motor, the parent of BAIC Investment.

Mar. 21 , 2022
Car and City: February 2022 registrations of NIO models
Car and City: February 2022 registrations of NIO models

In February 2022, NIO's new vehicle registrations stood at 5,664 units, sliding 1.3% from the previous year, while also tumbling 44.4% from the previous month, according to the data compiled by GARI.

Mar. 21 , 2022
Gasgoo Daily: XPeng raises vehicle prices
Gasgoo Daily: XPeng raises vehicle prices

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.

Mar. 18 , 2022
Arm China joins hands with China’s vehicle chip developer SemiDrive
Arm China joins hands with China’s vehicle chip developer SemiDrive

China’s automotive chip supplier, SemiDrive has partnered with Arm China to develop next-generation automotive electronic and electrical architecture products, the chip maker announced on March 18th.

Mar. 18 , 2022
Sunwoda EVB to build 20GWh battery production base in Sichuan province
Sunwoda EVB to build 20GWh battery production base in Sichuan province

Sunwoda EVB will sign an agreement with the government of Shifang, a county-level city of China’s Sichuan province, for a power battery manufacturing project.

Mar. 18 , 2022
HOZON Auto announces price rise due to raw materials price growth, supply crunch
HOZON Auto announces price rise due to raw materials price growth, supply crunch

HOZON Auto announced on March 18 it has lifted prices of several models by 3,000 yuan ($470) to 5,000 yuan ($790) due to multiple factors like the increase in prices of raw materials and supply constraints.

Mar. 18 , 2022