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ARCFOX postpones price rise effective date to May 16
ARCFOX postpones price rise effective date to May 16

BAIC Group’s premium electric vehicle brand ARCFOX postponed the effective date of the previously announced price rise from May 1st to May 16th.

May 5 , 2022
HASCO sees increase in net profit in 2021, Q1 2022
HASCO sees increase in net profit in 2021, Q1 2022

SAIC Motor-backed auto parts supplier HUAYU Automotive Systems Company (HASCO) reported annual revenue of RMB139.944 billion ($21.17 billion) in 2021, up 4.8% year over year.

May 5 , 2022
Qiantu Motor's Ch-Auto eyes SPAC listing on Nasdaq
Qiantu Motor's Ch-Auto eyes SPAC listing on Nasdaq

Ch-Auto Technology Corporation Ltd., the Chinese holding company of Qiantu Motor announced its pursuit of a SPAC listing on the Nasdaq Stock Market.

May 5 , 2022
iFLYTEK to set up intelligent driving headquarters in Wuxi city
iFLYTEK to set up intelligent driving headquarters in Wuxi city

China’s intelligent speech player iFLYTEK has inked a contract to build its headquarters of intelligent driving technologies in the Economic Development District of Wuxi city.

May 5 , 2022
BYD’s monthly auto sales once again surpass 100,000 units
BYD’s monthly auto sales once again surpass 100,000 units

BYD Company Limited saw its monthly auto sales hit an all-time high of 106,042 units in April 2022, rocketing 134.43% year on year, while also climbing 1.11% month on month, the company announced earlier this week.

May 5 , 2022
Leapmotor outsells XPeng, Li Auto and NIO in April 2022
Leapmotor outsells XPeng, Li Auto and NIO in April 2022

China’s top 5 new energy vehicle startups all had a month-over-month decrease in April while Leapmotor outsold others by monthly deliveries for the first time.

May 1 , 2022