EV
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
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
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
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