Market & Industry
China’s NEV credit ratios from 2021 to 2023 required to be 14%, 16%, 18%
China’s NEV credit ratios from 2021 to 2023 required to be 14%, 16%, 18%

Chinese policy makers officially announced on June 22 that the credit ratios of new energy vehicles (NEVs) are respectively required to be 10%, 12%, 14%, 16% and 18% for the year of 2019 to 2023.

Jun. 22 , 2020
Chongqing Changan’s parent names new chairman
Chongqing Changan’s parent names new chairman

China South Industries Group Corporation (CSGC) has named Xu Xianping as Chairman and Secretary of the Party Leading Group of CSGC.

Jun. 19 , 2020
Geely's spokesman denies Geely's acquistion of Chongqing Lifan Holdings
Geely's spokesman denies Geely's acquistion of Chongqing Lifan Holdings

Yang Xueliang, the spokesman of Zhejiang Geely Holding Group, denied the rumor which said the group is going to plans to become the top shareholder of Chongqing Lifan Holdings Ltd.

Jun. 19 , 2020
Geely Auto likely to issue RMB shares, go public on Shanghai Sci-Tech Board
Geely Auto likely to issue RMB shares, go public on Shanghai Sci-Tech Board

Geely Automobile Holdings Limited announced on June 17 that its board of directors has approved a preliminary proposal for the possible issuance of RMB shares and listing on the Sci-Tech Board of the Shanghai Stock Exchange.

Jun. 18 , 2020
Lexus says China sales in May leap 35.1% YoY
Lexus says China sales in May leap 35.1% YoY

Lexus announced a sales volume of 22,145 new vehicles it achieved for its China market in May, a vigorous year-on-year growth of 35.1%, rebounding to the normal level before the COVID-19 broke out.

Jun. 17 , 2020
Geely's young brand launches entry-level SUV Lynk & Co 06
Geely's young brand launches entry-level SUV Lynk & Co 06

On June 16, Lynk & Co, a Chinese-Swedish auto brand owned by Geely Auto Group, officially launched its all-new compact SUV—the Lynk & Co 06.

Jun. 17 , 2020