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AVATR 12 included in MIIT's catalogue
AVATR 12 included in MIIT's catalogue

AVATR, the premium new energy vehicle brand jointly developed by Changan Automobile, Huawei, and CATL, recently saw its AVATR 12 model (internal code named E12) disclosed by a catalogue of China’s Ministry of Industry and Information Technology.

Jul. 17 , 2023
Rising Auto aims to deploy over 50 battery swap stations by 2023
Rising Auto aims to deploy over 50 battery swap stations by 2023

On July 17th, Rising Auto, a pure electric vehicle marque under SAIC Motor, officially announced its latest technological achievement in battery swapping stations.

Jul. 17 , 2023
GAC Toyota, Tencent partner on cloud-based digital transformation
GAC Toyota, Tencent partner on cloud-based digital transformation

GAC Toyota, the joint venture of GAC Group and Toyota Motor, inked a strategic cooperation framework agreement with Chinese Internet giant Tencent for digital ecosystem collaboration in Shenzhen on July 14.

Jul. 17 , 2023
SERES Group expects net loss to narrow YoY in H1 2023
SERES Group expects net loss to narrow YoY in H1 2023

SERES Group, the Chinese automaker and car-making partner of Huawei, released its financial forecast for the first half of 2023 on July 15, revealing an expected year-over-year improvement of 20% to 28% in its net profit attributable to shareholder.

Jul. 17 , 2023
Great Wall Motor forecasts two-digit YoY decline in H1 2023 net profit
Great Wall Motor forecasts two-digit YoY decline in H1 2023 net profit

GWM is expected to achieve a net profit attributable to shareholders of the listed company ranging from 1.15 billion yuan to 1.55 billion yuan for the Jan.-Jun. period of this year, representing a year-on-year decrease of 72.32% to 79.47%.

Jul. 17 , 2023