Market & Industry
FAW-Volkswagen sets up wholly-owned subsidiary for mobility service
FAW-Volkswagen sets up wholly-owned subsidiary for mobility service

FAW-Volkswagen (FAW-VW), a passenger car joint venture between FAW Group and Volkswagen AG, has built an independent subsidiary to operate its mobility service brand Mobje Mobility.

Jul. 5 , 2021
Didi Chuxing APP removed from APP stores
Didi Chuxing APP removed from APP stores

The announcement says that after checking and verification, Didi Chuxing was in serious violation of laws and regulations.

Jul. 4 , 2021
Leapmotor scores 893% robust year-on-year hike in June deliveries
Leapmotor scores 893% robust year-on-year hike in June deliveries

Leapmotor said its new car deliveries reached 3,941 units in June 2021, rocketing 893% year on year, while growing 23% month on month. With 3,745 cars delivered, the T03 accounted for up to 95% of the company’s June deliveries.

Jul. 2 , 2021
NIO's deliveries in June 2021 soar 116.1% year on year
NIO's deliveries in June 2021 soar 116.1% year on year

NIO announced its monthly deliveries hit a record high of 8,083 units in June 2021, representing a remarkable 116.1% growth year over year.

Jul. 1 , 2021
China’s Vehicle Inventory Alert Index drops 0.7 percentage points YoY in June 2021
China’s Vehicle Inventory Alert Index drops 0.7 percentage points YoY in June 2021

China’s Vehicle Inventory Alert Index stood at 56.1% in June 2021, edging down 0.7 percentage points from the previous year, while climbing 3.2 percentage points from the previous month, according to the CADA.

Jul. 1 , 2021
Toyota, SinoHytec’s 50/50 fuel cell joint venture founded in late June
Toyota, SinoHytec’s 50/50 fuel cell joint venture founded in late June

A 50/50 joint venture between Japanese automaker Toyota and Chinese hydrogen fuel cell engine developer SinoHytec was set up on June 28, signifying that the agreement both parties signed in March of this year has been firmed up.

Jul. 1 , 2021