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China's vehicle insurance registrations up by 6.6% YoY in 2021
China's vehicle insurance registrations up by 6.6% YoY in 2021

The annual registration volume of last year managed to grow 6.57% from a year earlier to 20,270,073 vehicles.

Jan. 27 , 2022
CATL expects 2021’s net profit to soar up to 195.52% YoY
CATL expects 2021’s net profit to soar up to 195.52% YoY

CATL said on Jan. 27 its full-year net profit attributable to shareholders in 2021 is forecasted to reach 14 billion yuan ($2.206 billion) to 16.5 billion yuan ($2.6 billion), surging 150.75% to 195.52% from the previous year.

Jan. 27 , 2022
Gasgoo Daily: SAIC Motor sets up joint fund for local automotive chip
Gasgoo Daily: SAIC Motor sets up joint fund for local automotive chip

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Jan. 27 , 2022
BYD to build industrial park in Hubei’s Xiangyang for power battery, NEV parts production
BYD to build industrial park in Hubei’s Xiangyang for power battery, NEV parts production

BYD signed a framework agreement earlier this week with the municipal government of Xiangyang city, Hubei province to promote the construction of an industrial park that works on production of power batteries, auto parts, and other businesses.

Jan. 27 , 2022
Sokon Group initiates private placement to develop EV models
Sokon Group initiates private placement to develop EV models

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the holding company of the auto brand, SERES, is planning to raise RMB7.13 billion ($1.125 billion) through private placement.

Jan. 27 , 2022
CALB to build 100GWh power battery, energy storage system bases in Guangzhou, Jiangmen
CALB to build 100GWh power battery, energy storage system bases in Guangzhou, Jiangmen

CALB signed two investment agreements this week for the plans to build power battery and energy storage system manufacturing bases in Guangzhou and Jiangmen cities of Guangdong provinces.

Jan. 27 , 2022