Geely Auto Posts 41% Jump in Nine-Month Core Net Profit Driven by Export Surge
Geely Automobile Holdings Limited reported a 10% rise in Q3 revenue to RMB 98.964 billion and a 28% increase in net profit.
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Geely Automobile Holdings Limited reported a 10% rise in Q3 revenue to RMB 98.964 billion and a 28% increase in net profit.
CATL’s Times EV Service partners with Sinochem Oil Sales to develop charging stations, enhancing battery-swapping infrastructure across China.
The Audi Innovation & Technology Center held its first meeting, detailing organizational structure and next-gen model development plans for the AUDI brand.
NIO Power and CETD Group launched ten battery swap stations, expanding their network partnership throughout Hunan and optimizing investment costs.
Volkswagen Group China launched VEGA, its integrated tech stack, aiming to expand globally from China.
Gotion High-Tech experienced significant revenue growth but declining net profit due to investment fluctuations, while its battery business thrives.
China’s car sales fell 26% year-over-year in October, with a 22% decline in year-to-date figures.
Wuling Hongguang MINIEV surpassed 2 million sales but faces declining demand in China’s mini EV market.
XPeng has begun small-batch production of solid-state batteries for its IRON humanoid robot, progressing towards large-scale production by 2026.
NIO’s project on high-power-density electric drive systems won first prize at the China-SAE Science and Technology Awards for innovation.