Market & Industry
BYD likely to build self-owned SiC production line next year
BYD likely to build self-owned SiC production line next year

BYD is expected to launch a self-built SiC (Silicon Carbide) production line next year and the planning is underway, according to a local media outlet, quoting Yang Qinyang, director of BYD’s semiconductor product business.

Dec. 24 , 2020
BAIC Group’s registered capital grows 16.49%
BAIC Group’s registered capital grows 16.49%

BAIC Group’s registered capital was up by 16.49% to 19.957 billion yuan ($3.05 billion), effective Dec. 23, 2020, according to the corporate data platform Tianyancha.

Dec. 24 , 2020
Dongfeng Motor’s four business branches unveil development target for 2021
Dongfeng Motor’s four business branches unveil development target for 2021

Four branches under Dongfeng Motor Corporation, namely Dongfeng Fengshen, Dongfeng Trucks, Dongfeng’s light truck business and Dongfeng Liuzhou Motor’s Chenglong, recently announced their near-term development goal.

Dec. 24 , 2020
Xpeng Motors founds Shenzhen-based subsidiary for R&D, sales of smart robots
Xpeng Motors founds Shenzhen-based subsidiary for R&D, sales of smart robots

Chinese EV startup Xpeng Motors recently set up a subsidiary in Shenzhen that primarily engages in the R&D and sale of intelligent robots.

Dec. 23 , 2020
China PV retail sales likely to reach 2.315 million units in Dec., said CPCA
China PV retail sales likely to reach 2.315 million units in Dec., said CPCA

The retail sales of China’s locally-produced PVs (referring to cars, SUVs and MPVs) are forecasted to reach 2.315 million units in December, rising roughly 7.9% year on year, according to the China Passenger Car Association (CPCA).

Dec. 22 , 2020
SAIC’s mobility service brand Xiangdao Chuxing bags over 300 mln yuan in Series A round
SAIC’s mobility service brand Xiangdao Chuxing bags over 300 mln yuan in Series A round

Xiangdao Chuxing, SAIC Motor’s mobility service brand, announced on Dec. 18 it has closed its Series A round with over 300 million yuan ($45,846,330) raised from Alibaba Group and CATL.

Dec. 22 , 2020