Market & Industry
Li Shufu resigns as Chairman of Zhejiang Geely New Energy CV Group
Li Shufu resigns as Chairman of Zhejiang Geely New Energy CV Group

Li Shufu has resigned as Chairman of Zhejiang Geely New Energy Commercial Vehicle Group (GCV), and the position is taken over by Zhou Jianqun, who also assumes as GCV's general manager.

Dec. 13 , 2021
Xiaomi’s subsidiary Smartmi said to start automaking business
Xiaomi’s subsidiary Smartmi said to start automaking business

A member of Xiaomi’s ecosystem, Beijing Smartmi Technology Co., Ltd., is reportedly initiating its automaking process. Multiple talents from the EV field are joining the company, as sources close to the matter told a local media outlet.

Dec. 13 , 2021
BAIC confirms not to further stake in Daimler
BAIC confirms not to further stake in Daimler

Daimler AG and China’s major automaker BAIC Group reemphasized their long-term partnership today, along with their cross-shareholding details.

Dec. 13 , 2021
CATL, BYD make up 68% of China’s Jan.-Nov. installed power battery capacity
CATL, BYD make up 68% of China’s Jan.-Nov. installed power battery capacity

Regarding the Jan.-Nov. installed power battery capacity, CATL and BYD together accounted for 68% of the country's total volume.

Dec. 10 , 2021
Car and City: October 2021 registrations of SERES SF5
Car and City: October 2021 registrations of SERES SF5

Insurance registrations of the SF5 totaled 1,926 vehicles in China in October, representing a jump of 72.4% compared with the previous month while the year-to-date registrations of the model stood at 5,150 vehicles this year.

Dec. 10 , 2021
China November auto sales down 9.1% YoY
China November auto sales down 9.1% YoY

By the end of last month, the country has sold 23.489 million vehicles this year, increasing 4.5% from a year ago.

Dec. 10 , 2021