Market & Industry
Chengdu city expects 800,000 new energy vehicles to run on roads by 2025
Chengdu city expects 800,000 new energy vehicles to run on roads by 2025

On June 25, Chengdu city's authority issued the "Development Plan for the New Energy and Intelligent Connected Vehicle Industry in Chengdu (2023-2030)" (referred to as “the Plan”).

Jun. 27 , 2023
Great Wall Motor's premium off-road new energy SUV ‘TANK 500 Hi4-T' hits market
Great Wall Motor's premium off-road new energy SUV ‘TANK 500 Hi4-T' hits market

Great Wall Motor's off-road SUV brand, TANK, put the TANK 500 Hi4-T onto the market on June 26. The new model, features a suggested retail price of 335,000 yuan.

Jun. 27 , 2023
FAW Bestune to raise funds through capital increase for new energy vehicle development
FAW Bestune to raise funds through capital increase for new energy vehicle development

According to the announcement from the China Beijing Equity Exchange, FAW Bestune Car Co., Ltd., a subsidiary of FAW Group, intends to introduce external investment through a capital increase, with a minimum fundraising target of 165 million yuan.

Jun. 27 , 2023
Changan Automobile nominates AICC as supplier for intelligent driving products
Changan Automobile nominates AICC as supplier for intelligent driving products

In a recent development, AICC (Automotive Intelligence and Control of China) has officially been selected by Chinese automaker Changan Automobile as a supplier of the latter's mass production projects.

Jun. 26 , 2023
China’s locally-made passenger vehicle retail sales likely to grow 5% MoM in June 2023: CPCA
China’s locally-made passenger vehicle retail sales likely to grow 5% MoM in June 2023: CPCA

China's domestic passenger vehicle ("PV") retail sales are anticipated to reach 1.83 million units in June 2023, which should climb 5% MoM, but fell 5.9% YoY mainly due to the high base for the year-ago period, according to the CPCA.

Jun. 26 , 2023
Geely Holding inks strategic framework agreement with Chongqing
Geely Holding inks strategic framework agreement with Chongqing

On June 21, Zhejiang Geely Holding Group (Geely Holding) and the Chongqing Municipal People's Government signed a strategic framework agreement.

Jun. 25 , 2023