News
NIO’s Q1 2024 revenue drops YoY, but gross profit surges YoY
NIO’s Q1 2024 revenue drops YoY, but gross profit surges YoY

Despite the revenue downturn, NIO achieved a gross profit of 487.7 million yuan (US$67.6 million) in Q1 2024, a substantial 200.5% increase from the same quarter last year.

Jun. 7 , 2024
Neusoft secures 2.1 billion-yuan deal from Chinese automaker for navigation solution
Neusoft secures 2.1 billion-yuan deal from Chinese automaker for navigation solution

Chinese software supplier Neusoft has been chosen by a leading domestic automaker to provide OneCoreGo® 5.0 navigation products and EHP electronic horizon software for over ten vehicle models aimed at global markets.

Jun. 7 , 2024
GAC Group, Changan Automobile sign strategic cooperation framework agreement
GAC Group, Changan Automobile sign strategic cooperation framework agreement

On June 6, GAC Group and Changan Automobile signed a strategic cooperation framework agreement in Chongqing, marking a pioneering collaboration between a central state-owned enterprise (SOE) and a local SOE in China’s automotive industry.

Jun. 7 , 2024
Gasgoo Daily: XPENG's new sub-brand MONA launches official Weibo account
Gasgoo Daily: XPENG's new sub-brand MONA launches official Weibo account

With Gasgoo Daily, we will offer daily important automotive news in China.

Jun. 6 , 2024
Lynk & Co’s first BEV model ZERO to make global debut soon
Lynk & Co’s first BEV model ZERO to make global debut soon

Lynk & Co, the car brand jointly owned by Geely and Volvo Cars, recently announced that its first all-electric vehicle model, the ZERO, will have its global debut on June 12. The new car will be produced on the same platform as the ZEEKR 001.

Jun. 6 , 2024
Changan NEVO’s cumulative sales exceed 100,000 units
Changan NEVO’s cumulative sales exceed 100,000 units

On June 5, Changan NEVO, the new energy vehicle range of Changan Automobile, announced that it has achieved cumulative sales of over 100,000 vehicles in just seven months.

Jun. 6 , 2024