- Evergrande Auto wishes to raise HK$4 billion by introducing investors including DiDi
Evergrande Auto announced on September 15 that it has entered into top-up placing arrangements to introduce international investors including Tencent Holdings Limited, Sequoia Capital, Yunfeng Fund an...
Sept. 15 , 2020
- Baidu showcases newest autonomous car without safety driver
At the Baidu World 2020, Baidu showcased the newest autonomous car it jointly developed with Hongqi, FAW Group's premium car brand, which has no safety driver behind the steering wheel.
Sept. 15 , 2020
- China’s CATL announces $1.5 billion overseas bond issuance
Chinese battery giant announced on Sept. 12 a successful issuance of $1.5 billion in senior dual-tranche fixed rate bonds in overseas market, which is regarded as part of efforts to improve its global...
Sept. 14 , 2020
- August 2020 update: retail sales of four Japanese automakers in China
For the month of August, both Toyota and Honda sustained double-digit growth in their China deliveries. Nissan and Mazda failed to gained increase, while only faced year-on-year decrease below 3%.
Sept. 11 , 2020
- Startup Byton registers new company dubbed “Shengteng” after suspending China operations
Stalled Chinese electric vehicle startup Byton registered on September 9 a new firm dubbed “Nanjing Shengteng Automobile Technology Co.,Ltd.” (called “Shengteng” for short), according to Chine...
Sept. 11 , 2020
- GAC-backed tech company registered to sell graphene materials
With GAC Group serving as the incubator, the company dubbed “Guangzhou Juwan”, whose one of major businesses is selling graphene materials, was officially registered on September 7, according to S...
Sept. 10 , 2020
- China auto sales jump 11.6% year on year in Aug.
China auto production and sales volumes amounted to 2,119,000 units and 2,186,000 units in August, growing 6.3% and 11.6% year on year, according to the China Association of Automobile Manufacturers (...
Sept. 10 , 2020
- Bright spots of Chinese public automakers’ first half 2020 financial results
Under the stagnant market climate, many automakers faced evident decrease in their first-half revenue and net profit, but some bright spots are still worth mentioning.
Sept. 10 , 2020
