- GAC Group rumored to invest in startup NIO
Chinese state-owned automaker GAC Group is seeking to raise a fund worth of around $1 billion for future investment in the EV startup NIO, a local media outlet reported on January 15, citing people br...
Jan. 15 , 2020
- China’s homegrown new energy PV sales clocked downturn for six straight months
Automakers in China sold roughly 137,000 homegrown new energy PVs (“NEPVs”, referring to all-electric and plug-in hybrid PVs) in December, chalking up a decrease of 15.1% over a year earlier, whil...
Jan. 14 , 2020
- Ford sells nearly 568,000 vehicles in China in 2019; further narrowes sales decline in the fourth quarter
Ford Motor Company and its joint ventures in China sold 567,854 vehicles in China in 2019, down 26.1 percent compared to 2018.
Jan. 14 , 2020
- SAIC Motor’s 2019 net profit forecasted to tumble 28.9% YoY
SAIC Motor’s 2019 net profit attributable to shareholders of the public company is projected to reach roughly RMB25.6 billion, tumbling 28.9% compared with 2018, the automaker announced on January 1...
Jan. 14 , 2020
- Top 10 China-made PV, car, SUV models by wholesale volume in Dec. 2019
Among the top 10 PV models by Dec. wholesale volume, seven places were seized by cars. The other three were also regulars, including two SUVs—the Haval H6 and the Changan CS75, and one MPV, the soug...
Jan. 14 , 2020
- Geely Holding boasts 1.23% YoY growth in 2019 auto sales
Zhejiang Geely Holding Group (Geely Holding) announced its aggregated auto sales in 2019 edged up 1.23% from a year ago to 2.178 million units.
Jan. 13 , 2020
- GAC NE targets top three in NEV industry for 2025
GAC NE, the NEV unit of GAC Group, aims to appear on the top 3 list in China's NEV industry in 2025, Feng Xingya, general manager of GAC Group, said at the China EV100 Forum on January 11.
Jan. 13 , 2020
- Jaguar Land Rover posts double-digit sales growth in China for six consecutive months
British premium carmaker Jaguar Land Rover (JLR) reported double-digit sales growth in China over the last six months of 2019, with the overall sales up by 24% year on year in the period.
Jan. 13 , 2020
