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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 , 2023IF 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 , 2023With 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 , 2023IM 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 , 2023GAC 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 , 2023Shell (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.
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