- EV startup Skywell names first model “ET5”
Skywell, a young all-electric PV brand launched in late 2019, officially announced the name of its first model under the “2+4+N” strategy—“ET5”, which is set to hit the market in the second ...
Apr. 03 , 2020
- EV startup Skywell names first model “ET5”
- Toyota, BYD announce founding of EV R&D JV
Japanese auto giant Toyota and China's BYD announced on April 2 the formal establishement of their BEV R&D joint venture.
Apr. 02 , 2020
- Toyota, BYD announce founding of EV R&D JV
- Geely Auto not to cut job, salaries amid anti-coronavirus fight
Geely Auto will not lay off employees, cut salaries or delay wage payment amid the combat against coronavirus, said An Conghui, president and CEO of Geely Auto Group, despite the revenue and profit do...
Apr. 02 , 2020
- Geely Auto not to cut job, salaries amid anti-coronavirus fight
- BMW Brilliance begins construction of new Tiexi plant
BMW Brilliance kicked off on April 1 the construction of its new Tiexi plant, which is expected to largely ramp up BMW’s production capacity in the world’s largest auto market.
Apr. 02 , 2020
- BMW Brilliance begins construction of new Tiexi plant
- Hongqi boasts 88% year-on-year surge in Q1 sales
Hongqi, the premium auto brand of FAW Group, sold over 25,000 vehicles during the first quarter of 2020, achieving a remarkable surge of 88%, according to Hongqi Sales Company.
Apr. 01 , 2020
- Hongqi boasts 88% year-on-year surge in Q1 sales
- GAC Group sees 2019 net profit fall 39.3% year on year
GAC Group announced its net profit attributable to shareholders slumped 39.3% year on year to RMB6.618 billion in 2019, and earnings per share dropped to RMB0.65 from RMB1.07 in 2018.
Apr. 01 , 2020
- GAC Group sees 2019 net profit fall 39.3% year on year
- Great Wall Motor posts 13.64% drop in 2019 net profit, but revenue from overseas business jumps
Great Wall Motor Company Limited (GWM)’s reported an annual net profit attributable to shareholders of 4.497 billion in 2019, a year-on-year decline of 13.64%.
Apr. 01 , 2020
- Great Wall Motor posts 13.64% drop in 2019 net profit, but revenue from overseas business jumps
- China extends subsidy for NEV purchase for two years
China has determined to extend the validity period of the subsidies on new energy purchases and NEV purchase tax exemption for two years, state media reported on March 31.
Mar. 31 , 2020
- China extends subsidy for NEV purchase for two years