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BYD Auto lifts prices of some NEV models due to raw materials price rise
BYD Auto lifts prices of some NEV models due to raw materials price rise

Chinese automaker BYD Auto announced on Tuesday it would bump up prices by 3,000 yuan ($470) to 6,000 yuan ($940) for several new energy vehicle (NEV) models of the Dynasty and Ocean lineups due to the continuous hike in raw materials prices.

Mar. 16 , 2022
Gasgoo Daily: IM sets up new sales unit
Gasgoo Daily: IM sets up new sales unit

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Mar. 15 , 2022
Lynk & Co opens first virtual showroom in Baidu's metaverse
Lynk & Co opens first virtual showroom in Baidu's metaverse

On March 14th, the local automaker, Lynk&Co, has officially launched its digital showroom in Baidu’s metaverse, Xirang, offering an innovative experience for users.

Mar. 15 , 2022
Ganfeng Lithium scores 405% YoY surge in 2021 net profit
Ganfeng Lithium scores 405% YoY surge in 2021 net profit

Jiangxi Ganfeng Lithium Co. Ltd. (Ganfeng Lithium), one of the world's top producers of automotive-grade lithium, announced on Monday its annual gross revenue in 2021 surged 102.07% year on year to roughly 11.162 billion yuan ($1.755 billion).

Mar. 15 , 2022
Sunwoda EVB signs agreement to build 30GWh battery production base in Zhuhai
Sunwoda EVB signs agreement to build 30GWh battery production base in Zhuhai

Chinese power battery maker Sunwoda Electric Vehicle Battery Co., Ltd. (“Sunwoda EVB”) on March 11 signed an agreement with Zhuhai municipal government for the investment in a battery manufacturing project.

Mar. 14 , 2022
Shanghai-based V2X developer PATEO bags RMB300 million, with IPO coming soon
Shanghai-based V2X developer PATEO bags RMB300 million, with IPO coming soon

China’s V2X explorer, PATEO, recently received RMB300 million strategic investment from the government-backed Shanghai Guosheng Capital while preparing for an IPO.

Mar. 14 , 2022