Gasgoo Daily: Tencent said to invest in another automobile startup

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

Tencent said to invest in another automobile startup

China’s household vacuum cleaner Roborock’s founder Chang Jing has obtained 100 million dollars for his automaking business, according to local media 36Kr. The round was reportedly led by Tencent group and participated by Sequoia Capital.

JMC’s 2021 net profit up 4.26% YoY

China’s automaker Jiangling Motors Corporation, Ltd. reported its preliminary financial results for 2021. The company said its annual revenue in 2021 increased 6.42% year over year to RMB35.221 billion while the net profit attributable to its parent company amounted to RMB574 million, representing a year-on-year increase of 4.26%.

Leapmotor’s registered capital surges

The registered capital of China’s new energy vehicle manufacturer Leapmotor surged 220% from a year ago to RMB2.9 billion, according to domestic corporate database Qichacha.

Photo credit: Leapmotor

Ganfeng Lithium’s net profit in 2021 expected to soar up to 436.76% YoY

Ganfeng Lithium announced on Monday its annual net profit attributable to shareholders in 2021 is forecasted to be 4.8 billion yuan ($757.875 million) to 5.5 billion yuan ($868.4 million), soaring 368.45% to 436.76% year on year.

ECARX to build smart onboard service with Alipay

The Geely-backed automotive intelligence company ECARX partnered with China’s online payment mogul, Alipay, for onboard interactive services.

Changan New Energy expects IPO around 2025

Changan Auto made it clear that after the B financing round, Changan New Energy plans to file for an IPO around 2025, with consideration of another financing round if necessary.

Shanghai’s NEV outputs leap 70% YoY to 550,000 units in 2021

Shanghai saw its annual new energy vehicle (NEV) outputs and production value soar 70% and 200% year on year to 550,000 units and over 160 billion yuan ($25.262 billion) in 2021, Gong Zheng, mayor of Shanghai, said on Jan. 23 at a press conference.

Baoneng Motor unveils first model under ‘BAO’ NEV brand

Baoneng Motor, the automotive business arm of Chinese property and financial service conglomerate Baoneng Group, displayed in Guangzhou several new models under BAO and Qoros brands.

Great Wall Motor celebrates 2021 revenue surpassing RMB136.3 billion

Great Wall Motor reported prominent annual performance results for the year 2021, with revenue growing over 30% year on year.

Ganfeng LiEnergy starts operation of 10GWh battery production facility in Jiangxi

Ganfeng LiEnergy, a subsidiary of the world's leading battery-grade lithium producer Ganfeng Lithium, saw its second phase of new-type lithium battery manufacturing plant in Xinyu, Jiangxi province start production on Jan. 22, a step towards greatly ramping up capacity of power batteries.