Market & Industry
SAIC Motor forecasts two-digit YoY drop in 2024 net profit attributable to shareholders
SAIC Motor forecasts two-digit YoY drop in 2024 net profit attributable to shareholders

On January 25, SAIC Motor issued its profit forecast for 2024, projecting a net profit attributable to its shareholders of between 1.5 billion yuan and 1.9 billion yuan, which would represent a steep decline of 87% to 90% compared to the previous yea

Feb. 14 , 2025
JAC Group launches T9 pickup in Pakistan
JAC Group launches T9 pickup in Pakistan

JAC Group, along with its local partner, officially launched its flagship T9 pickup in Karachi, Pakistan, marking the company’s entry into the local high-end pickup market.

Feb. 14 , 2025
Sino-Japan automotive aluminum sheet joint venture inaugurated in Shanghai
Sino-Japan automotive aluminum sheet joint venture inaugurated in Shanghai

On February 13, China's Baoshan Iron & Steel Co., Ltd., Baowu Aluminum Technology Co., Ltd., and the major Japanese steel manufacturer Kobe Steel, Ltd. officially inaugurated their joint venture.

Feb. 14 , 2025
China's Chongqing city eyes new energy vehicle output topping 1.3 million units in 2025
China's Chongqing city eyes new energy vehicle output topping 1.3 million units in 2025

On February 12, the Chongqing Municipal People’s Government held a press conference where the local government outlined its plans to boost the development of the city's new energy vehicle (NEV) industry.

Feb. 13 , 2025
AVATR 07 Pro+ to hit market on Feb. 18
AVATR 07 Pro+ to hit market on Feb. 18

On February 12, AVATR, the premium new energy vehicle brand jointly backed by Changan Automobile, Huawei, and CATL, officially announced that the AVATR 07 Pro+ model will be released onto the market on February 18.

Feb. 13 , 2025
Miracle Automation, Galbot to co-boost application of embodied AI robotics in automotive sector
Miracle Automation, Galbot to co-boost application of embodied AI robotics in automotive sector

On February 11, Chinese intelligent automotive equipment provider Miracle Automation Engineering Co., Ltd. (Miracle Automation) announced that it had signed an agreement with Galbot Co., Ltd. (Galbot), a China-based robotics company.

Feb. 13 , 2025