When the deal completed, Changan’s stake in Avatr will be reduced from 95.38% to 39.02% while NIO’s will be diluted to 1.13%.
Nov. 5 , 2021
Nissan Motor’s October China sales remained low compared to last year but increased from September.
Nov. 5 , 2021
Dongfeng Motor Corporation, one of Chinese state-owned automobile manufacturers, plans to sell its 25% stake in Dongfeng Yueda Kia, its joint venture with South Korea’s Kia Motors and China’s Yueda Group.
Nov. 5 , 2021
SAIC Group’s Feifan Auto (former R Auto) is getting more favorable among consumers, judging from its October performance results, thus backing the group’s decision to promote the young subsidiary strongly.
Nov. 4 , 2021
BYD Company Limited (BYD) boasted an 88.42% year-on-year hike in Oct. auto sales, which stood at 89,935 units, the company announced on Wednesday.
Nov. 4 , 2021
Last night, the recent hot topic about Tesla’s second factory in China was directly denied by Grace Tao, vice president of Tesla.
Nov. 4 , 2021