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SAIC Motor sets up wholly-owned energy technology subsidiary
SAIC Motor sets up wholly-owned energy technology subsidiary

SAIC Motor recently set up an energy technology subsidiary, whose business scope includes the sales of new energy vehicle (NEV) battery swapping facilities.

May 6 , 2022
SAIC Motor’s Jan.-Apr. auto sales down 11.19% YoY, but NEV sales still up
SAIC Motor’s Jan.-Apr. auto sales down 11.19% YoY, but NEV sales still up

Despite the downturn in overall sales, SAIC Motor still posted a 14.48% year-on-year growth in Jan.-Apr. NEV sales, which amounted to 229,793 units.

May 6 , 2022
Gasgoo Daily: China April vehicle sales expected to fall 48% YoY
Gasgoo Daily: China April vehicle sales expected to fall 48% YoY

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.

May 6 , 2022
SAIC-backed IM Motors plans for first public funding round
SAIC-backed IM Motors plans for first public funding round

The first public financing round of IM Motors, an electric vehicle joint venture among SAIC Motor, Alibaba Group and Zhangjiang Hi-Tech, has already been in the works, Liu Tao, co-CEO of IM Motors, recently revealed to a local media outlet.

May 6 , 2022
China's AD developer In-driving launches 5th-generation domain controller TITAN5
China's AD developer In-driving launches 5th-generation domain controller TITAN5

On May 6th, China’s intelligent driving developer, In-driving introduced its fifth-generation domain controller, the TITAN5.

May 6 , 2022
AVATR's valutaion surges to RMB6.26 billion, CATL becomes 2nd-largest shareholder
AVATR's valutaion surges to RMB6.26 billion, CATL becomes 2nd-largest shareholder

Changan Auto’s premium new energy vehicle brand AVATR announced that its valuation has surged to RMB6.26 billion ($938.16 million), soaring nearly 700% from before.

May 6 , 2022