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NIO-backed smart cockpit supplier Autolink launches phase II production project in Wuxi
NIO-backed smart cockpit supplier Autolink launches phase II production project in Wuxi

NIO-invested Chinese intelligent cockpit supplier Autolink officially launched phase II of its domain controller development and production base project in Wuxi city.

May 7 , 2022
Fuel cell developer Hydrogen Craft closes Series A institutional round
Fuel cell developer Hydrogen Craft closes Series A institutional round

Hydrogen Craft Corporation (“Hydrogen Craft”), a Chinese hydrogen fuel cell technology developer based in Zhejiang province, closed its Series A institutional round on May 5 with tens of millions of yuan raised.

May 7 , 2022
China’s Tinci Material to build new facilities for lithium battery electrolyte production
China’s Tinci Material to build new facilities for lithium battery electrolyte production

Guangzhou Tinci Materials Technology Co., Ltd. announced on May 6 it intends to use its self-raised funds to build facilities capable of manufacturing lithium battery electrolyte and recycling LFP batteries.

May 7 , 2022
GAC Group sees Jan.-Apr. sales grow 7.14% YoY
GAC Group sees Jan.-Apr. sales grow 7.14% YoY

For the first four months of 2022, GAC Group sold 732,471 new vehicles, representing a 7.14% year-on-year growth, the auto group announced on May 6.

May 7 , 2022
SAIC Motor sets up wholly-owned energy technology subsidiary
SAIC Motor sets up wholly-owned energy technology subsidiary

SAIC Motor recently set up an energy technology subsidiary, whose business scope includes the sales of new energy vehicle (NEV) battery swapping facilities.

May 6 , 2022
SAIC Motor’s Jan.-Apr. auto sales down 11.19% YoY, but NEV sales still up
SAIC Motor’s Jan.-Apr. auto sales down 11.19% YoY, but NEV sales still up

Despite the downturn in overall sales, SAIC Motor still posted a 14.48% year-on-year growth in Jan.-Apr. NEV sales, which amounted to 229,793 units.

May 6 , 2022