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Xiaomi-backed investment fund invests in strategic round of NEV parts supplier EVTECH
Xiaomi-backed investment fund invests in strategic round of NEV parts supplier EVTECH

EVTECH announced earlier this week it has nabbed over 100 million yuan ($15.689 million) in a strategic financing round supported by Hubei Xiaomi Yangtze River Industry Investment Fund Partners (Limited Partnership).

Jan. 12 , 2022
Gasgoo Daily: CATL’s Shanghai factory begins offering batteries to Tesla in last Nov.
Gasgoo Daily: CATL’s Shanghai factory begins offering batteries to Tesla in last Nov.

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

Jan. 11 , 2022
GAC Group’s 2021 net profit expected to rise 11% to 27% YoY
GAC Group’s 2021 net profit expected to rise 11% to 27% YoY

GAC Group announced on Tuesday its full-year net profit attributable to shareholders is forecasted to reach 6.6 billion ($1.035 billion) to 7.6 billion yuan ($1.192 billion), rising 11% to 27% from the previous year.

Jan. 11 , 2022
China's homegrown PV retail sales in 2021 grow 4.5% YoY
China's homegrown PV retail sales in 2021 grow 4.5% YoY

For the year of 2021, the retail sales of locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 20.486 million units, rising 4.5% from the previous year, according to the CPCA.

Jan. 11 , 2022
Geely’s premium EV brand ZEEKR eyes annual export volume of 100,000 units by 2025
Geely’s premium EV brand ZEEKR eyes annual export volume of 100,000 units by 2025

ZEEKR, the premium EV brand of Chinese automaker Geely, aims to deliver 70,000 new vehicles in 2022, the parent Geely recently disclosed.

Jan. 11 , 2022
NIO teams up with steel producer Baosteel for supply chain, low-carbon tech
NIO teams up with steel producer Baosteel for supply chain, low-carbon tech

NIO and Baosteel struck a deal on Jan. 10 to carry out strategic cooperation in a range of areas, such as the ecosystem of supply chain, and the applications of green low-carbon and EVI technologies

Jan. 11 , 2022