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CATL’s wholly-owned subsidiary becomes shareholder of startup AIWAYS
CATL’s wholly-owned subsidiary becomes shareholder of startup AIWAYS

Chinese EV startup AIWAYS recently introduced a new investor, which is a wholly-owned subsidiary of the power battery giant CATL.

May 7 , 2021
GAC Aion says cumulative outputs of Aion S exceed 100,000 units
GAC Aion says cumulative outputs of Aion S exceed 100,000 units

GAC Aion, the BEV-focused subsidiary of GAC Group, announced on May 6 it had seen the 100,000th Aion S roll off the assembly line, only two years after the model hitting the market in late April 2019.

May 7 , 2021
Chery Holding sees Jan.-Apr. sales soar 91.6% year on year
Chery Holding sees Jan.-Apr. sales soar 91.6% year on year

Chery Holding announced its new vehicle sales in Apr. 2021 zoomed up 91.6% from a year earlier to 76,775 units. For the first four months of the year, the group sold roughly 282,000 vehicles in total, representing a YoY leap of 91.6% as well.

May 7 , 2021
Lynk & Co 05 PHEV hits market with guiding price of 227,700 yuan
Lynk & Co 05 PHEV hits market with guiding price of 227,700 yuan

The PHEV (plug-in hybrid electric vehicle) version of the Lynk & Co 05 compact SUV formally went on sale on May 5 with a guiding price of 227,700 yuan ($35,150).

May 6 , 2021
Geely Auto to introduce new energy SUV platform to Xiangtan manufacturing base
Geely Auto to introduce new energy SUV platform to Xiangtan manufacturing base

Geely Auto Group inked an agreement with Xiangtan municipal government on April 29 for a new SUV manufacturing project in Geely’s Xiangtan manufacturing base.

Apr. 30 , 2021
SAIC Motor achieves leap in Q1 2021 revenue, net profit thanks to sales growth
SAIC Motor achieves leap in Q1 2021 revenue, net profit thanks to sales growth

SAIC Motor, the Chinese biggest automobile group, reported a gross revenue of 189.095 billion yuan ($29.22 billion) for the first quarter of 2021, a year-on-year jump of 82.13%.

Apr. 30 , 2021