EV
BYD sees monthly sales surpass 300,000 units for first time
BYD sees monthly sales surpass 300,000 units for first time

BYD Company Limited, the prominent Chinese new energy vehicle (NEV) maker, announced on Wednesday that its monthly sales reached 301,833 units in October 2023, for the first time exceeding the 300,000-unit mark.

Nov. 2 , 2023
Gasgoo Daily: China's vehicle inventory alert index in Oct. 2023 grows MoM, but dips YoY
Gasgoo Daily: China's vehicle inventory alert index in Oct. 2023 grows MoM, but dips YoY

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

Oct. 31 , 2023
NIO, Baolong Automotive forge comprehensive partnership
NIO, Baolong Automotive forge comprehensive partnership

Chinese new energy vehicle maker NIO and auto parts supplier Baolong Automotive recently inked a strategic partnership agreement, according to a press release Baolong issued on its WeChat account on Monday.

Oct. 31 , 2023
GAC Group scores 2-digit YoY growth in Q1-Q3 2023 revenue
GAC Group scores 2-digit YoY growth in Q1-Q3 2023 revenue

In the first three quarters of 2023 (Q1-Q3 2023), GAC Group achieved consolidated gross revenue of 98.182 billion yuan, representing a 22.17% jump year-on-year, according to the group's latest quarterly financial results released on October 26.

Oct. 27 , 2023
SAIC Motor sees quarterly revenue, net profit, car sales rise consecutively in Q1-Q3 period
SAIC Motor sees quarterly revenue, net profit, car sales rise consecutively in Q1-Q3 period

SAIC Motor announced on Thursday that its gross revenue reached roughly 196.787 billion yuan in the third quarter (Q3) of this year, sliding 6.92% from the previous year.

Oct. 27 , 2023
SVOLT bags 7.5 billion yuan worth of credit line from multiple banks
SVOLT bags 7.5 billion yuan worth of credit line from multiple banks

On October 25, Chinese power battery supplier SVOLT Energy Technology Co., Ltd. (“SVOLT”) signed an agreement with a group of banks, who agreed to grant SVOLT a credit line worth 7.5 billion yuan.

Oct. 26 , 2023