Market & Industry
Shanghai launches 560-km roads for ICV road tests by 2020
Shanghai launches 560-km roads for ICV road tests by 2020

By the end of 2020, Shanghai had opened up a total of 243 roads that spans 559.87 kilometers for the road tests of intelligent-connected vehicles (ICVs), according to a report recently issued by the Shanghai Municipal Transportation Commission.

Mar. 15 , 2021
XPeng’s subsidiary banks 500 million yuan from Guangdong provincial investment arm
XPeng’s subsidiary banks 500 million yuan from Guangdong provincial investment arm

XPeng Inc. announced on March 15 it has signed an agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (“Utrust”), the investment arm of the Guangdong provincial government, for a strategic investment worth 500 million yuan.

Mar. 15 , 2021
Japanese automakers China car sales rocket in Feb. over previous year
Japanese automakers China car sales rocket in Feb. over previous year

In February 2021, four major Japanese automakers, namely Toyota, Honda, Nissan, Mazda, all saw their China sales vigorously surged from a year ago when the country was at the height of the coronavirus pandemic.

Mar. 12 , 2021
China auto sales surge 364.8% YoY in Feb. 2021
China auto sales surge 364.8% YoY in Feb. 2021

China auto outputs and sales reached 1.503 million and 1.455 million units respectively in Feb. 2021, surging around 420% and 360% from a year earlier, and showing year-on-year growth for the eleventh month in a row, according to the CAAM.

Mar. 11 , 2021
Tesla China scratches sale of battery swapping facilities from business scope
Tesla China scratches sale of battery swapping facilities from business scope

Tesla (Shanghai) Co.,Ltd. on March 9 removed “the sales of new energy vehicle (NEV)-related battery swapping facilities, batteries and photovoltaic devices” from its business scope, according to the corporate data platform Tianyancha.

Mar. 11 , 2021
Huawei, GAC Aion said to ally on development of next-generation smart EVs
Huawei, GAC Aion said to ally on development of next-generation smart EVs

On March 8, Chongqing Sokon Industry Group Stock Co.,Ltd. signed a memorandum of understanding (MoU) with Huawei Device Co.,Ltd., a subsidiary of Huawei, to co-explore cooperation on new energy vehicle (NEV) business.

Mar. 10 , 2021