EV
China’s passenger vehicle retail sales edge down 1.9% YoY, but rise 11.4% MoM
China’s passenger vehicle retail sales edge down 1.9% YoY, but rise 11.4% MoM

In May 2024, China's domestic passenger vehicle (PV) market retailed 1.71 million units, marking a year-over-year decrease of 1.9% but a month-over-month increase of 11.4%.

Jun. 12 , 2024
DENZA about to open first flagship store in Hong Kong, China
DENZA about to open first flagship store in Hong Kong, China

DENZA, a premium new energy vehicle brand majority backed by BYD, will open its first flagship store in Hong Kong's Kowloon Bay automotive business district at the end of June, the automaker announced on June 11.

Jun. 12 , 2024
China’s new energy passenger car wholesale, retail volumes jump 32.1%, 38.5% YoY in May
China’s new energy passenger car wholesale, retail volumes jump 32.1%, 38.5% YoY in May

In May 2024, China’s new energy passenger vehicle market realized a respective 31% and 32.1% year-on-year jump in production and wholesale volumes, which came in at 881,000 vehicles and 897,000 vehicles.

Jun. 11 , 2024
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