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Gasgoo Daily: XPENG posts YoY surge, but QoQ slump in Q1 2024 revenue
Gasgoo Daily: XPENG posts YoY surge, but QoQ slump in Q1 2024 revenue

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

May 21 , 2024
ZEEKR hits delivery milestone of 250,000 vehicles
ZEEKR hits delivery milestone of 250,000 vehicles

On May 20, ZEEKR, the premium electric vehicle maker under Geely Holding, announced that it has delivered over 250,000 vehicles in a span of 31 months.

May 21 , 2024
Li Auto’s Q1 2024 revenue jumps 36.4% YoY, but drops 38.6% QoQ
Li Auto’s Q1 2024 revenue jumps 36.4% YoY, but drops 38.6% QoQ

Li Auto reported total revenues of 25.6 billion yuan for Q1 2024, marking a substantial 36.4% increase from the prior-year period, but representing a 38.6% slump from the previous quarter.

May 21 , 2024
XPENG launches China’s first mass-produced end-to-end large model
XPENG launches China’s first mass-produced end-to-end large model

On May 20, XPENG hosted the XPENG AI DAY event, where it announced the rollout of the AI Tianji in-car OS to all existing XPENG models, to start from 8:00 PM on May 20.

May 21 , 2024
Hesai Group’s net revenue drops 16.5% YoY in Q1 2024
Hesai Group’s net revenue drops 16.5% YoY in Q1 2024

On May 20, 2024, global LiDAR solution provider Hesai Group reported its unaudited financial results for the quarter ended March 31, 2024 (Q1 2024).

May 21 , 2024
ECARX’s revenue jumps 21% YoY in Q1 2024, net loss widens
ECARX’s revenue jumps 21% YoY in Q1 2024, net loss widens

On May 20, 2024, Geely-backed mobility tech provider ECARX Holdings Inc. announced its unaudited financial results for the quarter of this year, which showed a total revenue of 927.9 million yuan (US$128.5 million), marking a 21% year-over-year.

May 21 , 2024