Automotive News

NIO to launch sixth mass-produced model at end of May

Chinese EV startup NIO will launch its sixth production model, the ES7, at the end of May this year, Qin Lihong, co-founder and president of NIO, revealed on March 30.

Li Auto's CEO calls for mandatory AEB system on new vehicles

With L2 autonomous driving functions being broadly used applied to China’s passenger vehicle market, Li Auto’s founder and CEO, Li Xiang, proposed that the AEB system should come standard for new vehicles at the 2022 China EV100 Forum.

Great Wall Motor scores 25.4% YoY jump in 2021 annual net profit

Great Wall Motor’s business strategies helped the company bring in RMB136.4 billion ($21.43 billion) annual revenue in 2021, jumping 32.04% year over year, according to its 2021 annual report released on March 29th.

BYD’s annual revenue in 2021 leaps 38.02% YoY, but net profit falls 28.08%

BYD Company Limited (“BYD”) saw its annual net profit attributable to shareholders dwindle 28.08% year on year to 3.045 billion yuan ($479 million) in 2021, according to the company's announcement.

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Gasgoo Daily: Li Auto said to produce all-electric MPV first at Beijing plant

With Gasgoo Daily, we will offer daily important automotive news in China.

22 hours ago

HUAWEI's automotive R&D team expands to 5,000 people, over 30 auto parts on the market

China’s ICT giant HUAWEI allocated over $1 billion to its intelligent auto solution operation in 2021, according to the conglomerate’s annual financial report released on March 28th.

Mar. 29 , 2022

GAC Honda launches pure electric car brand ‘e:NP’

GAC Honda launched on March 29 the new all-electric vehicle brand “e:NP” (named “Ji Pai” in Chinese) with the brand strategy released at the same time.

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China’s oil-fueled vehicle sales likely to peak in 2022 or 2023: industrial expert

The sales of oil-fueled vehicles in China are forecasted to peak in 2022 or 2023, and then will continuously fall year by year, Ouyang Minggao, an academician of the Chinese Academy of Sciences, said at the China EV100 Forum 2022.

Mar. 29 , 2022

Xiaomi, Huawei, Geely-backed firms invest in solid-state battery maker WeLion

Beijing WeLion New Energy Technology Co., Ltd. (“WeLion”) recently introduced several new investors, including affiliated companies of Xiaomi, Huawei, and Geely.

Mar. 29 , 2022

China's commercial vehicle intelligent driving developer Soterea lands RMB1.3 billion in B round

On March 28th, China’s commercial vehicle intelligent driving developer, Soterea, announced the completion of its Series B investment round, raising over RMB1.3 billion.

22 hours ago

China encourages companies to develop flying cars

On March 28th, China’s Ministry of Transportation and the Ministry of Science and Technology issued a guideline for technology development in the transportation field, encouraging the development of “flying cars” within the country.

22 hours ago

Haomo.ai develops ADAS for 34 GWM models awaiting market debut in 2022

Haomo.ai is developing ADAS products for thirty-four Great Wall Motor vehicle models that are scheduled to hit the market in 2022, the COO of Haomo.ai, Hou Jun, said at the China EV100 Forum.

Mar. 29 , 2022