Market & Industry
CMIF official: Chip shortage likely cost 2 million vehicles in China
CMIF official: Chip shortage likely cost 2 million vehicles in China

Chip shortage could cost China nearly 2 million vehicles out of local automakers’ production plans, Chen Bin, vice chairman of China Machinery Industry Federation (CMIF), stated at a conference today.

Oct. 15 , 2021
Xiaomi EV company names new vice president
Xiaomi EV company names new vice president

Li Xiaoshuang, former general manager of Xiaomi's major home appliances department, has been named vice president of Xiaomi's electric vehicle (EV) unit and will directly report to Lei Jun, CEO of Xiaomi EV company.

Oct. 15 , 2021
China’s MIIT endeavors to keep NEV policy supports continuous, steady
China’s MIIT endeavors to keep NEV policy supports continuous, steady

China’s MIIT will coordinate the study of policies and measures related to new energy vehicle (NEV) industry, and endeavor to ensure the continuity and stability of the policy supports for each link.

Oct. 15 , 2021
Nissan's e-Power system put into volume production in China
Nissan's e-Power system put into volume production in China

Dongfeng Motor Company Limited (DFL), the 50/50 joint venture between Dongfeng Motor Group and Nissan Motor, announced on Oct. 14 the decision to mass produce the Nissan e-Power driver motors and controllers.

Oct. 15 , 2021
Haima expects narrowed year-to-date loss
Haima expects narrowed year-to-date loss

Its loss for the first three quarters is forecasted to decrease from RMB234.49 million of last year to a range of RMB153 million to RMB178 million.

Oct. 15 , 2021
Great Wall Motor adds motorcycle manufacturing, sales into business scope
Great Wall Motor adds motorcycle manufacturing, sales into business scope

Great Wall Motor Company Limited (GWM), Chinese biggest SUV and pickup manufacturer, saw its registered capital rise 0.65% to about 9.236 billion yuan ($1.435 billion) on October 12, according to Tianyancha.

Oct. 14 , 2021