EV
Gasgoo Daily: XPENG's new brand MONA releases first Weibo post
Gasgoo Daily: XPENG's new brand MONA releases first Weibo post

With Gasgoo Daily, we will offer daily important automotive news in China.

Jun. 7 , 2024
GAC Energy, NIO Energy forge partnership to share EV charging network
GAC Energy, NIO Energy forge partnership to share EV charging network

On June 7, GAC Energy Technology Co., Ltd. ("GAC Energy") and Wuhan NIO Energy Co., Ltd. ("NIO Energy") officially established a partnership for the interconnection of their electric vehicle (EV) charging networks.

Jun. 7 , 2024
NIO’s Q1 2024 revenue drops YoY, but gross profit surges YoY
NIO’s Q1 2024 revenue drops YoY, but gross profit surges YoY

Despite the revenue downturn, NIO achieved a gross profit of 487.7 million yuan (US$67.6 million) in Q1 2024, a substantial 200.5% increase from the same quarter last year.

Jun. 7 , 2024
Changan NEVO’s cumulative sales exceed 100,000 units
Changan NEVO’s cumulative sales exceed 100,000 units

On June 5, Changan NEVO, the new energy vehicle range of Changan Automobile, announced that it has achieved cumulative sales of over 100,000 vehicles in just seven months.

Jun. 6 , 2024
China’s Vehicle Inventory Alert Index in May 2024 up YoY, but down MoM
China’s Vehicle Inventory Alert Index in May 2024 up YoY, but down MoM

The Vehicle Inventory Alert Index for Chinese auto dealers in May 2024 stood at 58.2%, representing a year-on-year increase of 2.8 percentage points and a month-on-month decrease of 1.2 percentage points.

Jun. 6 , 2024
NETA Auto granted financial supports from China CITIC Bank, CITIC Securities
NETA Auto granted financial supports from China CITIC Bank, CITIC Securities

On June 5th, Hozon New Energy Automobile Co., Ltd., the parent company of NETA Auto, signed a comprehensive cooperation agreement with China CITIC Bank Shanghai Branch and CITIC Securities Shanghai Branch.

Jun. 6 , 2024