Market & Industry
China homegrown PV retail sales in March likely to shoot up 66% YoY
China homegrown PV retail sales in March likely to shoot up 66% YoY

Retail sales of China’s locally-produced PVs (referring to cars, SUVs and MPVs) are forecasted to reach roughly 1.74 million units in March, soaring 66% year on year and leaping 47.5% month on month, according to the China Passenger Car Association.

Mar. 22 , 2021
SAIC Motor’s R brand rolls out new tech brand ‘R-TECH’
SAIC Motor’s R brand rolls out new tech brand ‘R-TECH’

SAIC Motor launched on March 18 the all-new technology brand “R-TECH” to serve the vehicles under the R brand, the group’s high-end all-electric passenger vehicle marque.

Mar. 19 , 2021
Momenta draws capital from SAIC, Toyota, Bosch, others
Momenta draws capital from SAIC, Toyota, Bosch, others

Chinese autonomous driving startup Momenta announced on March 19 it has raised $500 million for its Series C funding, which is led by SAIC Motor, Toyota, Bosch, Temasek and YunFeng Capital.

Mar. 19 , 2021
Changan Automobile’s second model of ‘UNI” car series to hit market in late March
Changan Automobile’s second model of ‘UNI” car series to hit market in late March

The Changan UNI-K, the mass-produced version of the Vision-V concept unveiled at the Auto China 2020, will hit the market on March 23, according to a local media outlet.

Mar. 18 , 2021
BYD recruiting engineers for EV battery factory in Europe
BYD recruiting engineers for EV battery factory in Europe

Fudi Battery, a battery subsidiary of BYD, prepares to build its first overseas battery manufacturing factory in Europe, according to the company’s job posting ad seen by a local media outlet.

Mar. 17 , 2021
Changan Suzuki changes name to Lingyao Automobile
Changan Suzuki changes name to Lingyao Automobile

Chongqing Changan Suzuki Automobile Co.,Ltd. (Changan Suzuki), formerly the joint venture between Changan Automobile and Suzuki, has changed its named to Chongqing Lingyao Automobile Co.,Ltd.

Mar. 17 , 2021