Market & Industry
SAIC Motor boosts H1 net profit by 58.61% YoY
SAIC Motor boosts H1 net profit by 58.61% YoY

SAIC Motor's net profit attributable to shareholders amounted to 13.314 billion yuan ($2.056 billion) in the first half of 2021, surging 58.61% from a year ago.

Aug. 26 , 2021
BYD Semiconductor sets up Jinan-based subsidiary after IPO plan halted
BYD Semiconductor sets up Jinan-based subsidiary after IPO plan halted

Jinan BYD Semiconductor Co.,Ltd., whose majority shareholder is BYD Semiconductor Co.,Ltd., was set up on August 24, according to the business data provider Tianyancha.

Aug. 26 , 2021
CATL scores 131.45% YoY surge in semi-annual net profit
CATL scores 131.45% YoY surge in semi-annual net profit

For the first half of 2021, CATL's net profit attributable to shareholders surged 131.45% to 4.484 billion yuan ($692.402 million).

Aug. 26 , 2021
Changan Mazda introduces FAW Group as new shareholder
Changan Mazda introduces FAW Group as new shareholder

Changan Mazda, currently a 50/50 joint venture between Chongqing Changan Automobile Co., Ltd. (Changan Auto) and Mazda Motor Corporation (Mazda), will be restructured by introducing FAW Group as a new investor.

Aug. 24 , 2021
Beijing-led city cluster included China’s first FCV pilot conurbations
Beijing-led city cluster included China’s first FCV pilot conurbations

Led by Beijing, the Beijing-Tianjin-Hebei region hydrogen fuel cell vehicle (FCV) pilot city cluster has become one of the first FCV demonstration conurbations in China, according to the Beijing Municipal Finance Bureau.

Aug. 24 , 2021
Changan Auto targets annual sales of 3 million vehicles in 2025
Changan Auto targets annual sales of 3 million vehicles in 2025

By 2030, Changan’s annual sales are expected to reach 4.5 million vehicles and NEVs will account for 60% of the total volume.

Aug. 24 , 2021