Market & Industry
BMW China to acquire manufacturing unit of Brilliance Auto
BMW China to acquire manufacturing unit of Brilliance Auto

The publicity period of the deal starts from October 20 and ends at October 29.

Oct. 20 , 2021
China-made Volkswagen ID.3 to hit market on Oct. 22
China-made Volkswagen ID.3 to hit market on Oct. 22

The China-made Volkswagen ID.3, the third model of Volkswagen’s ID. series introduced to the world’s largest auto market, will hit the market on Oct. 22, according to SAIC Volkswagen.

Oct. 20 , 2021
Honorary President of SAE China Fu Yuwu awarded FISITA Medal
Honorary President of SAE China Fu Yuwu awarded FISITA Medal

Mr. Fu Yuwu, Honorary President of the SAE China (Society of Automotive Engineers of China) and the China Automotive Talents Society, was awarded the FISITA (International Federation of Automotive Engineering Societies) Medal on Oct. 19.

Oct. 19 , 2021
360 to invest RMB2.9 billion to be second-largest shareholder of HOZON Auto
360 to invest RMB2.9 billion to be second-largest shareholder of HOZON Auto

China’s cybersecurity service provider, 360 Security Technology Inc., released a notice stating the company’s plan to invest RMB2.9 billion ($451 million) in HOZON Auto, the Chinese startup owning the EV brand NETA.

Oct. 19 , 2021
GAC, NIO-linked HYCAN’s 2nd model Z03 hits market, starting at 132,800 yuan after incentives
GAC, NIO-linked HYCAN’s 2nd model Z03 hits market, starting at 132,800 yuan after incentives

HYCAN announced on October 18 its second mass-produced model, the Z03, formally hit the market with four trim levels offered. Post-subsidies prices range from 132,800 yuan ($22,670) to 168,800 yuan ($26,270).

Oct. 19 , 2021
Xiaomi Auto expects mass production in early 2024
Xiaomi Auto expects mass production in early 2024

Today, the chairman of Xiaomi, Lei Jun, disclosed that Xiaomi’s automaking progress has far surpassed his anticipations and mass production of vehicles will start in the first half of 2024.

Oct. 19 , 2021