Market & Industry
Huawei-powered ARCFOX αS HI kicks off mass delivery
Huawei-powered ARCFOX αS HI kicks off mass delivery

The new Huawei technology-powered ARCFOX αS HI kicked off large-scale delivery at its Bluepark Magna production base in Zhenjiang, Jiangsu Province, on July 16th.

Jul. 18 , 2022
Sokon Group bags RMB7.1 billion in private placement for EV advancement
Sokon Group bags RMB7.1 billion in private placement for EV advancement

HUAWEI’s automaking partner, Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), announced the completion of an RMB7.1 billion-worth ($1.05 billion) round of private placement on July 15th.

Jul. 18 , 2022
Toyota sees Q2 2022's first YoY increase in China monthly sales
Toyota sees Q2 2022's first YoY increase in China monthly sales

In the sixth month of 2022, the four major Japanese automakers, namely Toyota Motor, Honda Motor, Nissan Motor, and Mazda Motor all witnessed their monthly sales volume recover over the previous month.

Jul. 16 , 2022
Great Wall Motor’s H1 2022 net profit expected to leap 50.2%-67.2% YoY
Great Wall Motor’s H1 2022 net profit expected to leap 50.2%-67.2% YoY

Great Wall Motor said earlier this week it expected to gain a net profit attributable to shareholders of 5.3 billion yuan-5.9 billion yuan ($785.802 million-$874.761 million) for the first half of 2022, rising 50.2%-67.2% YoY.

Jul. 15 , 2022
JAC Group expects net loss of RMB707 million in H1 2022
JAC Group expects net loss of RMB707 million in H1 2022

JAC Group is expecting a semi-annual net loss of RMB707 million ($104.8 million) in the first half of 2022, according to the group’s unaudited financial projections.

Jul. 15 , 2022
Huawei’s auto partner Sokon Group predicts widened net loss in H1 2022
Huawei’s auto partner Sokon Group predicts widened net loss in H1 2022

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the auto group owning the new energy vehicle brand SERES, projected a net loss in the first six months of 2022.

Jul. 15 , 2022