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Car and City: Tesla’s China registrations rise YoY in Jan. 2023 despite overall drop in auto market
Car and City: Tesla’s China registrations rise YoY in Jan. 2023 despite overall drop in auto market

China's monthly registrations of locally-made passenger vehicles (PVs) reached 1,246,069 units in Jan. 2023, plunging 42.99% year on year and also tumbling 49.44% month on month, according to the data compiled by Gasgoo Auto Research Institute.

Feb. 27 , 2023
Great Wall Motor announces foray into commercial vehicle field
Great Wall Motor announces foray into commercial vehicle field

IF YOU Technology Co., Ltd. (“IF YOU”), a wholly-owned subsidiary of Great Wall Motor (GWM), unveiled its business direction on Feb. 22, marking GWM's foray into the commercial vehicle field, according to a post on GWM’s WeChat account.

Feb. 24 , 2023
Gasgoo Daily: BMW recalls some electric vehicles in China due to charging risks
Gasgoo Daily: BMW recalls some electric vehicles in China due to charging risks

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.

Feb. 24 , 2023
IM Motors nabs 5 billion yuan worth of loan
IM Motors nabs 5 billion yuan worth of loan

IM Motors, the premium electric vehicle makers jointly backed by SAIC Motor, Alibaba Group, and Zhangjiang High-Tech, recently obtained a loan worth 5 billion yuan ($723.066 million) by signing an agreement with a group of financial institutions.

Feb. 24 , 2023
GAC Group, GAC AION to lift capital contributions to NEV startup HYCAN
GAC Group, GAC AION to lift capital contributions to NEV startup HYCAN

GAC Group and its subsidiary GAC AION will increase their capital contributions to HYCAN by 107 million yuan ($15.474 million) and 493 million yuan ($71.294 million), in proportion to their respective shareholdings of 4.46% and 20.54%.

Feb. 24 , 2023
Shell China, Alibaba Cloud team up on energy & digital transition, low-carbon business
Shell China, Alibaba Cloud team up on energy & digital transition, low-carbon business

Shell (China) Limited on Feb. 23 signed a letter of intent with Alibaba Cloud, a cloud computing and AI company backed by Alibaba Group, to forge a long-term strategic partnership.

Feb. 24 , 2023