Search

China’s NEV market continues to grow in July 2023 with 31.6% YoY surge in sales
China’s NEV market continues to grow in July 2023 with 31.6% YoY surge in sales

In July, the Chinese automotive market experienced a deceleration in production and sales, influenced by the high base effect from the same period last year and compounded by the traditional off-season for the industry.

Aug. 10 , 2023
ABUP nabs over 100 million yuan in B2 round financing
ABUP nabs over 100 million yuan in B2 round financing

Shanghai-based OTA solution provider, ABUP recently concluded its B2 financing totaling over 100 million yuan.

Aug. 10 , 2023
GAC Group’s auto sales drop YoY in July, but NEV sales still surge
GAC Group’s auto sales drop YoY in July, but NEV sales still surge

GAC Group announced this week it sold 189,199 vehicles in July 2023, representing a 14.04% decline year-on-year.

Aug. 10 , 2023
Chery Explore 06 kicks off presale, starting at 129,900 yuan
Chery Explore 06 kicks off presale, starting at 129,900 yuan

On August 10, Chery Auto officially kicked off presale of its latest model, the Explore 06 SUV. Coming with both two-wheel-drive and two four-wheel-drive variants, the new model starts at 129,900 yuan.

Aug. 10 , 2023
ECARX scores 45% YoY surge in Q2 2023 revenue
ECARX scores 45% YoY surge in Q2 2023 revenue

ECARX Holdings, Inc. Geely-backed mobility technology solution provider, released its second quarter 2023 financial report on August 9, showcasing robust growth and strategic advancements.

Aug. 10 , 2023
BYD hits 5-million-unit production milestone for new energy vehicles
BYD hits 5-million-unit production milestone for new energy vehicles

On August 9, BYD, a trailblazer in the new energy vehicle (NEV) sector, celebrated a momentous achievement as its 5 millionth NEV rolled off the assembly line, marking a significant milestone for the global automotive industry.

Aug. 9 , 2023