Market & Industry
SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base
SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base

On March 22, SAIC Motor celebrated the ground-breaking for the second phase of its engine manufacturing base in Zhengzhou city, the capital of China's Henan province.

Mar. 23 , 2022
Geely Auto 2021 revenue up by 10% YoY
Geely Auto 2021 revenue up by 10% YoY

Last year, the automaker sold 1,328,029 new vehicles, representing a slight increase of 1%.

Mar. 23 , 2022
Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025
Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025

On March 23rd, Hyundai Motor Group disclosed its target to sell 520,000 vehicles annually in China by 2025 via its Chinese joint venture, Beijing Hyundai.

Mar. 23 , 2022
BENTERLER intends to build joint venture in China for car body, chassis-related parts
BENTERLER intends to build joint venture in China for car body, chassis-related parts

German automotive parts group BENTELER plans to build a joint venture in China with Lucky Harvest, a Chinese supplier of precision stamping dies and metal structural parts, according to the latter's announcement.

Mar. 21 , 2022
Beijing Hyundai secures $942.2 million capital increase from two parent firms
Beijing Hyundai secures $942.2 million capital increase from two parent firms

BAIC Investment and Hyundai Motor have entered into an agreement to jointly inject capital of around $942.2 million in their joint venture Beijing Hyundai, according to an announcement issued on March 18 by BAIC Motor, the parent of BAIC Investment.

Mar. 21 , 2022
Gasgoo Daily: XPeng raises vehicle prices
Gasgoo Daily: XPeng raises vehicle prices

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Mar. 18 , 2022