EV
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
CATL puts first phase of Guizhou power, energy storage battery base into operation
CATL puts first phase of Guizhou power, energy storage battery base into operation

On October 27, CATL held a ceremony to celebrate the inauguration of its power and energy storage battery manufacturing base in Gui'an New Area, Guizhou province, according to the battery maker's press release.

Oct. 30 , 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
NIO Capital invests in Chinese smart auto closure solution supplier INGIN Technology
NIO Capital invests in Chinese smart auto closure solution supplier INGIN Technology

INGIN Technology, a Chinese smart closure solution provider for automobiles, recently announced the successful completion of its Series C+ financing round, which raised for the company nearly 100 million yuan.

Oct. 26 , 2023