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GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit
GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit

GAC Group announced its quarterly gross revenue jumped 47.31% year on year to 16.023 billion yuan ($2.471 billion) in the first quarter of 2021.

Apr. 30 , 2021
Chinese startups see March. insurance registrations leap 86% MoM
Chinese startups see March. insurance registrations leap 86% MoM

In March, the insurance registrations of the vehicles from Chinese EV startups exceeded 24,000 units, rocketing 300% from the previous year, while also leaping 86% from the previous month.

Apr. 29 , 2021
Skywell launches new smart EV brand Skyworth Auto
Skywell launches new smart EV brand Skyworth Auto

Sky-well New Energy Automobile Group Co. Ltd. officially launched on April 27 the brand “Skyworth Auto”, which is designed to be built into a marque for smart new energy vehicles.

Apr. 28 , 2021
Bright spots of SAIC’s self-owned brands at Auto Shanghai 2021
Bright spots of SAIC’s self-owned brands at Auto Shanghai 2021

At the Auto Shanghai 2021, SAIC Motor’s self-owned PV brands—Roewe, MG and R Auto—all brought their newest products. Notably, the auto giant also caused many heads to turn with an independent boot particularly set for the newborn EV brand IM.

Apr. 28 , 2021