News
GAC Toyota starts building new NEV facility as part of NEV business expansion
GAC Toyota starts building new NEV facility as part of NEV business expansion

GAC Toyota celebrated on August 29 the first spade cut for a new NEV manufacturing facility, the second phase under a project design to expand the joint venture’s NEV capacity.

Aug. 31 , 2020
New Haval H6 hits the market with a starting price of RMB115,900
New Haval H6 hits the market with a starting price of RMB115,900

The new-gen Haval H6 looks quite different from the former one.

Aug. 31 , 2020
Great Wall Motor’s H1 gross revenue falls 13.17% over a year earlier
Great Wall Motor’s H1 gross revenue falls 13.17% over a year earlier

For the first half of 2020, Great Wall Motor Company Limited (GWM) saw its gross revenue dip 13.17% from a year ago to roughly 35.929 billion yuan ($5,236,270,381), according to its semi-annual financial results.

Aug. 31 , 2020
Evergrande Auto’s NEV business earns 53 million yuan of first-half revenue
Evergrande Auto’s NEV business earns 53 million yuan of first-half revenue

Evergrande Auto said its first-half revenue gained from new energy vehicle (NEV) business amounted to 53 million yuan ($7,705,840), plunging 81.34% from a year earlier.

Aug. 28 , 2020
SAIC Motor boasts robust growth in second-quarter net profit
SAIC Motor boasts robust growth in second-quarter net profit

For the first half of 2020, SAIC Motor’s gross revenue fall 24.6% over a year ago to 283.74 billion yuan ($41,253,921,557), and its net profit attributable to shareholders tumbled 39.01% to 8.394 billion yuan ($1,220,469,194).

Aug. 28 , 2020
NIO intends to raise up to $1.722 bln by issuing 75 mln shares
NIO intends to raise up to $1.722 bln by issuing 75 mln shares

Chinese EV startup NIO announced on August 27 the outset of the offering of 75 million American depositary shares (the “ADSs”), each representing one Class A ordinary share of the company.

Aug. 28 , 2020