EV
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
Hyper GT Global Edition hits market, featuring HD map-free smart driving system
Hyper GT Global Edition hits market, featuring HD map-free smart driving system

On June 6th, the Hyper GT Global Edition, a new model under GAC AION's premium brand Hyper, officially hit the market, introducing three models priced between 203,900 yuan and 259,900 yuan.

Jun. 7 , 2024
Polestar announces interoperability with NIO’s EV charging network
Polestar announces interoperability with NIO’s EV charging network

On June 6, Polestar officially announced its comprehensive integration with NIO's electric vehicle charging network.

Jun. 7 , 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
NIO's third factory construction underway, set to produce cars for both NIO, ONVO brands
NIO's third factory construction underway, set to produce cars for both NIO, ONVO brands

NIO co-founder and president Qin Lihong revealed that NIO's third factory is located in the Xinqiao Intelligent Electric Vehicle Industrial Park in Hefei city and has recently begun construction.

Jun. 6 , 2024
Gasgoo Daily: Lynk & Co to debut first all-electric model on June 12
Gasgoo Daily: Lynk & Co to debut first all-electric model on June 12

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

Jun. 5 , 2024