Gasgoo Daily: Li Bin says NIO’s smartphone project in phase of investigation and research

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.

NIO's smartphone project in phase of investigation and research: NIO's chairman

William Bin Li, chairman and CEO of NIO, recently said in an interview that NIO’s smartphone development project is currently in the stage of investigation and research, in response to the rumor saying the startup intended to enter the smartphone market.

BYD releases images of Seal

BYD recently released a set of photos of the Seal all-electric sedan, one of the future EVs under BYD's “Ocean” series.

Seal; photo credit: BYD

China-made BMW X5L to hit market tonight

The made-in-China BMW X5L is about to go on sale tonight. It is 3,105mm longer than that of the imported version.

Wuling Motors Holdings Limited records net loss of 24.148 million yuan in 2021

Wuling Motors Holdings Limited announced today that it faced an annual net loss attributable to shareholders of 24.148 million yuan ($3.8 million), narrowing from the loss of 33.403 million yuan ($5.253 million) for the year-ago period.

Dongfeng Motor to launch premium brand “M” in June

Dongfeng Motor plans to launch its all-new premium brand “M”, which focuses on electric off-roaders, in June this year. Reportedly, the testing results of the brand’s prototypes met the automaker's expectation.

SVOLT, BASF Shanshan sign agreement for strategic investment in Yongshan Lithium

On March 30, Chinese battery manufacturer SVOLT and BASF Shanshan, the joint venture between German chemical producer BASF and Chinese lithium battery materials supplier Ningbo Shanshanon, signed an agreement under which both parties will hold 10% equity interests in Hunan Yongshan Lithium Co., Ltd. (“Yongshan Lithium”), an affiliate company of Ningbo Shanshan, according to a post on SVOLT's WeChat account.

GAC Group scores double-digit YoY growth in 2021 revenue, net profit

GAC Group announced earlier this week its annual gross revenue jumped 19.82% year on year to around 75.676 billion yuan ($11.9 billion) in 2021. Meanwhile, the full-year net profit attributable to shareholders also leapt 22.95% to 7.335 billion yuan ($1.154 billion).

NavInfo delivers turnaround with 140% YoY soar in net profit in 2021

China's navigation player NavInfo delivered a turnaround from loss to profit in 2021, with a 139.26% year-over-year soar in net profit, according to its 2021 annual performance report released on March 30th.

Aiways raises price of U5 model in China

On March 30th, local EV startup, Aiways, announced a price increase in China of its only model on the market, the U5, effective April 6th.

Beijing to start road tests for intelligent connected bus from Baidu, QCraft and SenseTime

On March 31st, the office of the Beijing high-level automated driving demonstration area issued a management and enforcement regulation on intelligent connected bus road tests and pilot demonstrations.

Sixents' location service-powered WM Motor M7 makes debut

On March 31st, WM Motor officially introduced its M7 battery-electric sedan model powered by Sixents’ high precision location service.

Great Wall Motor to build first zero-emission factory in 2023

As an effort to achieve carbon neutrality, Great Wall Motor plans to build its first zero-emission factory in 2023, the automaker disclosed in its 2021 CSR Report (Corporate Social Responsibility Report) on March 30th.