Gasgoo Daily: SAIC VW contributes 21.7% YoY of group net profit

With Gasgoo Daily, we will offer important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

SAIC VW contributes 21.7% YoY of group net profit

Revenue of SAIC VW amounted to RMB65.9 billion in the first six months of this year while net profit attributable to its parent company was RMB2.89 billion, accounting for 21.7% of the total net profit of SAIC Group.

BAIC BluePark H1 revenue down 21.69% YoY

BAIC BluePark had a revenue of RMB2.437 billion for the first half of this year, down 21.69% year on year while its net loss of the period amounted to RMB1.813 billion.

Dongfeng H1 net profit surges 71.68% YoY

Dongfeng Motor’s revenue in the first half of this year jumped 36.88% year on year to RMB8.843 billion while net profit attributable to its parent company surged 71.68% to RMB504 million.

Geely sets up new auto tech company

Zhejiang Geely Qicheng Automobile Technology was registered on Thursday with a registered capital of RMB200 million. Its business covers production of road motor vehicles, auto parts, sales of vehicles.

DeepRoute.AI has new investors

DeepRoute.AI added Alibaba as its new investors while its registered capital increased from RMB1.89 million to RMB2.4 million.

Hefei aims to make 1.5 million NEVs per year by 2050

Hefei, the provincial capital of Anhui Province aims to produce 1.5 million new energy vehicles per year by 2050, accounting for half of the city’s total vehicle production volume.

ZEEKR agrees to strategic investment partnerships with external investors

ZEEKR Intelligent Technology, the premium mobility solution brand, has signed investment partnerships with leading strategic investors including Intel Capital, CATL, Bilibili, Cathay Fortune Group, and Boyu Capital to support the continued expansion of the brand jointly owned by Geely Automobile Holding Ltd. (HK.0175) and Zhejiang Geely Holding Group (Geely Holding). Intel is the leading investor amongst all five partners.

Shanghai-led alliance included in China’s first FCV pilot application city clusters

A city cluster led by Shanghai and formed for pilot application of fuel cell vehicles (FCVs) has become one of China’s first conurbations authorized for FCV demonstration, the Shanghai Municipal Commission of Economy and Informatization (SMCEI) announced on August 26 via its WeChat account.

SAIC Motor sets up CV smart driving tech company

SAIC Motor announced the foundation of a commercial vehicle (CV) intelligent driving technology company dubbed Shanghai Youdao Zhitu Technology Co.,Ltd. (called “Youdao Zhitu” for short), which will be located in China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area.

OPPO invests in NavInfo’s auto MCU subsidiary

Wuhan AutoChips, a wholly-controlled subsidiary of Hefei AutoChips, has completed its angel financing round with RMB100 million raised and Chinese smart phone maker OPPO was the strategic leading investor, China’s mapping and smart mobility company NavInfo announced on Thursday. Hefei AutoChips is owned by NavInfo.