Update: Added information about Li Auto and Nio's donations.
Gansu was hit by a 6.2-magnitude earthquake late last night, which has killed 105 people and injured 186 others.
(Image credit: BYD)
BYD (OTCMKTS: BYDDF), Li Auto (NASDAQ: LI) made donations for earthquake relief in Gansu, northwest China, after an earthquake late last night killed more than 100 people.
The BYD Charity Foundation has donated RMB 10 million ($1.4 million) to help with emergency relief, people's livelihood assistance, rescue team support and post-disaster reconstruction in the quake-stricken areas of Gansu, the company announced today.
BYD will continue to monitor the progress of the post-disaster relief efforts and fully support the local relief work, the company said.
Li Auto later said it donated RMB 10 million to the Gansu Charity Federation for material procurement and relief work for affected residents.
Nio (NYSE: NIO) said it donated RMB 5 million with Nio Trust to help with disaster relief.
At 23:59 on December 18, Gansu was hit by a 6.2-magnitude earthquake with an epicenter depth of 10 kilometers, according to the official Xinhua News Agency today.
As of 8 am on December 19, a total of 32 aftershocks were recorded, with the largest aftershock measuring 4.0 on the Richter scale.
The disaster has killed 105 people, injured 186, damaged 4,782 houses, and damaged infrastructure such as water, electricity, transportation and communications, according to Xinhua.
(Image credit: Xinhua)
BYD is the first car company to announce a donation to help with earthquake relief in Gansu. Earlier today, tech companies including Xiaomi and Alibaba announced similar moves.
Gansu is an inland province in China with a less developed economy than China's eastern and southern provinces.
In 2022, Gansu's GDP was RMB 1.12 trillion, lower than Shanghai's RMB 4.47 trillion, according to statistical authorities.
Nio has five battery swap stations in Gansu and 41 charging stations providing 121 charging piles. It has 149 battery swap stations in Shanghai, and 263 charging stations providing 2,174 charging piles.
($1 = RMB 7.1431)
Top sellers of NEVs in China in Nov: BYD No. 1 with 31.3% share, Tesla No. 2 with 7.8%
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