Market & Industry
Former president of BAIC’s auto part platform BHAP joins Baoneng Motor as VP
Former president of BAIC’s auto part platform BHAP joins Baoneng Motor as VP

Baoneng Motor has named Chen Bao, former president of Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP), as its vice president that takes charge of auto parts business, the company announced on Feb. 25.

Feb. 26 , 2021
BYD & DiDi’s ride-hailing EV D1 sees daily outputs of nearly 400 units
BYD & DiDi’s ride-hailing EV D1 sees daily outputs of nearly 400 units

The daily outputs of the D1, the world’s first purpose-built EV model co-developed by Didi Chuxing (DiDi) and BYD for ride-hailing service, currently reaches nearly 400 units, according to a local news report.

Feb. 25 , 2021
Li Auto aims to be NO.1 smart electric vehicle maker in China by 2025
Li Auto aims to be NO.1 smart electric vehicle maker in China by 2025

In an internal letter, Li Xiang, the company’s founder, chairman and CEO, said that its target for 2025 is to obtain 20% market share in the world’s largest auto market.

Feb. 23 , 2021
Baoneng Motor appoints former Geely Auto’s VP as executive VP
Baoneng Motor appoints former Geely Auto’s VP as executive VP

Guan Yu, former Vice President of Geely Automobile group, has been named Executive Vice President of Baoneng Motor, the automobile unit of Chinese property conglomerate Baoneng Group, to be fully accountable for the company’s operational business.

Feb. 23 , 2021
China’s NavInfo banks 4 billion yuan from new non-public share issuance
China’s NavInfo banks 4 billion yuan from new non-public share issuance

NavInfo, a leader in China’s navigation map market, said on Feb. 22 it has completed the non-public issuance of 32 million A shares, which will become available for trading on Shenzhen Stock Exchange from Feb. 25, 2021.

Feb. 23 , 2021