There were six car models and three SUV models among the top 10 domestically-made PV models by Dec. wholesales.
Jan. 27 , 2021
BYD plans to launch a standalone upscale new energy vehicle brand in 2022, according to a local media outlet. The vehicles will reportedly ride on an all-new platform and be sold via an independent dealership network.
Jan. 27 , 2021
Liao Bing, founder and CEO of GAC NIO, resigned on Jan. 22 as chief executive officer (CEO) of GAC NIO and dropped all administrative duties at the company’s subsidiaries, according to a posting on Liao’s Weibo account.
Jan. 27 , 2021
Great Wall Motor intends to issue convertible bonds worth not more than 8 billion yuan ($1.235 billion) with the net proceeds to be evenly invested in the R&D of new vehicle models and automobile digitalization.
Jan. 25 , 2021
Evergrande Auto, the NEV arm of Chinese real estate giant China Evergrande Group, announced on Jan. 24, it agreed with six investors to allot and issue a total of 952,383,000 shares, raising an aggregate of HK$26 billion ($3.354 billion).
Jan. 25 , 2021
Affected by the impact of coronavirus outbreak in the first quarter, five major publicly-traded Chinese automobile groups suffered decrease in annual sales.
Jan. 23 , 2021