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Battery materials supplier Shengrong Technology closes angel round
Battery materials supplier Shengrong Technology closes angel round

Recently, Hunan Shengrong Technology Co., Ltd. successfully closed an angel investment round with tens of millions of yuan raised, according to a post on WeChat account of Cowin Capital, who served as the exclusive investor of the round.

Mar. 11 , 2024
Geely Holding records sales volume of 184,200 vehicles in Feb. 2024
Geely Holding records sales volume of 184,200 vehicles in Feb. 2024

Zhejiang Geely Holding Group ("Geely Holding") announced on Monday that its automobile sales volume reached around 184,200 units in the second month of 2024.

Mar. 11 , 2024
Li Auto starts delivering Li MEGA MPVs
Li Auto starts delivering Li MEGA MPVs

On March 11, Li Auto officially started deliveries of the Li MEGA battery-electric MPV model. Based on user feedback, Li Auto also announced several upgrade plans to provide a more convenient and worry-free driving experience for Li MEGA users.

Mar. 11 , 2024
GAC Group logs 25.24% YoY drop in Jan.-Feb. 2024 auto wholesales, but retail sales still climb
GAC Group logs 25.24% YoY drop in Jan.-Feb. 2024 auto wholesales, but retail sales still climb

GAC Group said its vehicle wholesale volume reached 98,401 units in the second month of 2024, declining 38.96% compared to the prior-year period.

Mar. 8 , 2024
SAIC Motor’s vehicle wholesales drop 16.06% YoY in Jan.-Feb. 2024, but NEV sales leap
SAIC Motor’s vehicle wholesales drop 16.06% YoY in Jan.-Feb. 2024, but NEV sales leap

In the first two months of 2024, SAIC Motor recorded a wholesale volume of 452,762 vehicles, which slid 16.06% from the previous year, according to the auto group's latest monthly sales results.

Mar. 8 , 2024
China’s passenger vehicle retail sales in Feb. 2024 drop YoY, MoM
China’s passenger vehicle retail sales in Feb. 2024 drop YoY, MoM

In the second month of 2024, China's domestic passenger vehicle (PV) retail sales reached 1.095 million units, marking a YoY decrease of 21% and a MoM plunge of 46.2%.

Mar. 8 , 2024