JAC

JAC's gross profit from its main businesses decreased by about RMB 832 million in the January-June period compared to the same period last year due to rising prices of raw materials.

Although JAC did not specify, its EV sales should include Nio vehicles that it manufactures on its behalf.

Huawei is building at least two models jointly with Chery and at least one model with JAC, local media reports said.

JAC and Black Sesame will build an intelligent driving platform based on the latter's HuaShan-2 A1000 autonomous driving computing chip for the Sehol family of vehicles.

JAC sold 27,387 units of all models in April, down 48.4 percent from 53,034 units in the same month last year.

This represents a 55 percent increase over the 9,200 units sold in the same month last year and a 39 percent increase over the 10,251 units sold in February.

The move means Nio's stake in Jianglai, which has car manufacturing credentials, is the same as JAC's, and may mean it has a greater say in the plants the two jointly built.

JAC has introduced a new electric light truck that allows customers to purchase only the body and rent the battery, thereby significantly reducing the cost of ownership.

This was up 57.2 percent from 6,522 in the same month last year, but down 34 percent from 15,536 in January.

JAC sold 51,558 units of all models in January, down 10.6 percent from 57,697 units in the same month last year.