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Roborock founder's automaking project said to decline investment from NIO Capital, Meituan
Roborock founder's automaking project said to decline investment from NIO Capital, Meituan

The CEO of China’s Roborock intelligent cleaning robot company, Chang Jing, has reportedly raised $100 million from Tencent and others at the end of 2021 for his automaking project, Luoke Auto.

Jan. 25 , 2022
Geely, Lifan’s battery swap business joint venture named Livan Automotive
Geely, Lifan’s battery swap business joint venture named Livan Automotive

Geely Automobile Holdings Limited announced on Jan. 24 the name of the joint venture it builds with Lifan Technology Co.,Ltd., namely, Chongqing Livan Automotive Technology Company Limited.

Jan. 25 , 2022
Gasgoo Daily: Tencent said to invest in another automobile startup
Gasgoo Daily: Tencent said to invest in another automobile startup

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. 24 , 2022
Changan New Energy completes B investment round, expects IPO around 2025
Changan New Energy completes B investment round, expects IPO around 2025

On January 24th, the previously reported B round financing of Changan New Energy was declared official. The investment round helped the new energy subsidiary of Changan Auto raise RMB4.9773 billion.

Jan. 24 , 2022
NEV makers in China lift prices to cope with NEV subsidy reduction
NEV makers in China lift prices to cope with NEV subsidy reduction

After compiling information released by automakers, trustworthy media outlets and databases, Gasgoo made a table as below to display NEV price increase details of six carmakers.

Jan. 24 , 2022
Shanghai’s NEV outputs leap 70% YoY to 550,000 units in 2021
Shanghai’s NEV outputs leap 70% YoY to 550,000 units in 2021

Shanghai saw its annual new energy vehicle (NEV) outputs and production value of NEV industry soar 70% and 200% year on year to 550,000 units and over 160 billion yuan ($25.262 billion) in 2021, said Gong Zheng, mayor of Shanghai.

Jan. 24 , 2022