Market & Industry
BYD to launch premium car model under standalone brand in Q4 2021
BYD to launch premium car model under standalone brand in Q4 2021

BYD plans to launch an all-new premium vehicle model in the fourth quarter of 2021, according to Li Yunfei, BYD’s general manager for branding and public relations.

Jun. 3 , 2021
CATL, Great Wall Motor forge ten-year strategic partnership
CATL, Great Wall Motor forge ten-year strategic partnership

Chinese power battery giant CATL and automaker Great Wall Motor (GWM) signed on June 2 a framework agreement for a ten-year strategic partnership, according to a posting on GWM’s WeChat account.

Jun. 2 , 2021
Baidu-Geely EV venture to start new funding round in third quarter
Baidu-Geely EV venture to start new funding round in third quarter

Jidu will showcase the concept version of its first model at the 2022 Beijing Auto Show, and deliveries may start in 2023

Jun. 2 , 2021
FAW’s Hongqi says Jan.-May 2021 vehicle sales surge 116% year on year
FAW’s Hongqi says Jan.-May 2021 vehicle sales surge 116% year on year

FAW Group’s premium car brand Hongqi announced it sold a total of 118,000 new vehicles during the first five months of 2021, representing a remarkable year-on-year growth of 116%.

Jun. 1 , 2021
China’s Vehicle Inventory Alert Index drops 1.3 percentage points YoY in May 2021
China’s Vehicle Inventory Alert Index drops 1.3 percentage points YoY in May 2021

China’s Vehicle Inventory Alert Index (VIA) stood at 52.9% in May 2021, dropping 1.3 percentage points from the previous year, while also falling 3.5 percentage points from the previous month, according to the China Automobile Dealers Association.

Jun. 1 , 2021
NIO-backed power technology company founded in Hefei
NIO-backed power technology company founded in Hefei

XPT Limited, an affiliated company of Chinese EV startup NIO, recently founded a power technology subsidiary in Hefei, the capital of Anhui province, where NIO China is headquartered.

May 31 , 2021