Gasgoo Daily: Great Wall Motor scores 58.72% YoY growth in H1 2022 net profit

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.

Great Wall Motor scores 58.72% YoY growth in H1 2022 net profit

Great Wall Motor announced today its net profit attributable to shareholders reached 5,600,501,900 yuan ($809.637 million) in the first half of 2022, surging 58.72% year on year.

ORA Ballet Cat; photo credit: Great Wall Motor

FAW-Volkswagen launches new SUV Tavendor

On August 29, FAW-Volkswagen launched an all-new large-sized 5-seater SUV, the Tavendor.

Photo credit: FAW-VW

Dongfeng Motor Group records H1 2022 revenue of 44.309 billion yuan

The HK-listed Dongfeng Motor Group Company Limited announced its revenue reached 44.309 billion yuan ($6.406 billion) in the first half of 2022. During the reporting period, its profit attributable to equity shareholders amounted to 5.529 billion yuan ($799.3 million).

BAIC Motor earns 83.679 billion yuan in H1 2022 revenue

BAIC Motor saw its H1 2022 revenue shrink 7.41% year on year to around 83.679 billion yuan ($12.097 billion). Its semi-annual profit attributable to equity holders reached around 2.158 billion yuan ($312.015 million), sliding 21.75% from a year earlier.

Changan Automobile logs 238.74% YoY surge in H1 2022 net profit

Chongqing Changan Automobile Co., Ltd. announced today its net profit attributable to shareholders reached 5,857,626,135.78 yuan ($848.956 million) in the first half of 2022. During Jan.-Jun. period, the company earned 56,573,568,393.71 yuan ($8.199 billion), representing a year-on-year dip of 0.37%.  

Li Auto starts delivery of Li L9 SUV

Li Auto officially began the user delivery of the Li L9, its second production model, on August 30, the Chinese new energy vehicle startup announced on August 30 via its Sina Weibo account.

GAC Group sees H1 2022 net profit leap 32.61% YoY

GAC Group announced today its revenue amounted to 48.448 billion yuan ($7.004 billion) in the first half of 2022 (“H1 2022”), surging 41.17% over a year earlier.

JAC Group posts 20.6% YoY drop in H1 2022 revenue

JAC Group, a Chinese automaker listed on Shanghai Stock Exchange, earned around 17.772 billion yuan ($2.569 billion) in its revenue for the first half of 2022 (“H1 2022), sliding 20.6% from a year earlier, according to the semi-annual financial results the company issued today.

China's Lenovo looking for talents for automotive computing lab

Chinese tech titan Lenovo Group on Monday announced via its WeChat account that it would not build cars, in response to the car-building rumor coming after the company posted the job listings for the automotive industry talents.

Former Huawei executive joins Li Auto

China's new energy vehicle company Li Auto has named Xie Yan, former vice president of Huawei Consumer Business Group’s software unit, as its leader of system R&D department, local media 36Kr reported, citing several people familiar with the matter.

BYD scores 206.35% YoY surge in H1 2022 revenue

BYD Company Limited (“BYD”) announced on Tuesday its revenue for the first half of 2022 (“H1 2022”) reached around 150.607 billion yuan ($21.773 billion), jumping 65.71% from a year earlier.