Gasgoo Daily: Great Wall Motor’s 2022 annual revenue edges up 0.69% YoY
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’s 2022 annual revenue edges up 0.69% YoY
Great Wall Motor announced today its annual revenue edged up 0.69% year on year to 137.34 billion yuan in 2022. Meanwhile, its full-year net profit attributable to shareholders jumped 22.9% from a year earlier to 8.266 billion yuan.
Haval Second-generation Big Dog; photo credit: GWM
SAIC Motor’s all-new MG 7 hits market
On Mar. 29, SAIC Motor put the all-new MG7 onto the market with six trim levels priced between 119,800 yuan and 169,800 yuan.
All-new MG7; photo credit: MG
SERES Group launches new NEV sub-brand ‘Lan Dian’
Chongqing SERES Lan Dian Automobile Co., Ltd., a subsidiary of SERES Group, on Mar. 30 launched an all-new new energy vehicle (NEV) brand “Lan Dian” (translating to “Blue Electricity”). The first production model under the new brand, the Lan Dian E5 hybrid SUV, hit the market at the same time with a starting price of 139,900 yuan.
Lan Dian E5; photo credit: Lan Dian
GAC Group posts two-digit YoY growth in 2022 annual revenue, net profit
GAC Group announced on Wednesday its full-year revenue reached around 109.335 billion yuan in 2022, leaping 45.57% from a year ago.
Cao Cao Mobility partners with LiDAR maker Innovusion
On March 29, 2023, Innovusion, a global image-grade LiDAR solution provider, and Cao Cao Mobility, a ride-hailing platform backed by Geely, announced that they have officially entered into a strategic cooperation.
Dongfeng Motor Group sees 18% YoY drop in 2022 annual revenue
In 2022, Dongfeng Motor Group Company Limited (“Dongfeng Motor Group”) saw its annual revenue reach 92.663 billion yuan, representing an 18% decline compared to a year ago, according to the company’s 2022 Annual Results Announcement released yesterday.
Chinese battery maker CALB boasts 198.9% YoY spike in 2022 revenue
On March 28, Chinese power battery supplier CALB Co., Ltd. (“CALB”) released its first annual report after going public. In 2022, the company achieved a revenue of about 20.375 billion yuan, up 198.9% year-on-year.
On March 29, Black Sesame Technologies and Geely-backed Cao Cao Mobility signed a strategic cooperation agreement for the commercialization of advanced intelligent driving technology.
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