Market & Industry
Shenzhen offers NEV buyers subsidies of up to 40,000 yuan per car
Shenzhen offers NEV buyers subsidies of up to 40,000 yuan per car

Shenzhen, a coastal city in the south of Guangdong Province, will offer up to 40,000 yuan ($5,644) per car of subsidies to consumers who buy new energy vehicles (NEVs) as part of efforts to stimulate automobile consumption.

Jun. 15 , 2020
Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma
Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma

Zhejiang Geely New Energy Commercial Vehicle Group (GCV), a wholly-owned subsidiary of Zhejiang Geely Holding Group, is going to acquire 15.24% stake in Hualing Xingma Automobile (Group) Co.,Ltd.

Jun. 15 , 2020
Haval named all-new SUV “Big Dog” as result of WeChat voting
Haval named all-new SUV “Big Dog” as result of WeChat voting

Haval, a SUV marque owned by Great Wall Motor (GWM), announced on June 11 its all-new SUV (code-named B06) is formally named “Haval Dagou”, which means “Big Dog” in English.

Jun. 12 , 2020
China gains two-digit growth in May auto outputs, sales
China gains two-digit growth in May auto outputs, sales

In May, China boasts double-digit year-on-year growth in both auto outputs and sales.

Jun. 11 , 2020
Chongqing takes measures to bolster auto consumption
Chongqing takes measures to bolster auto consumption

Chongqing has drawn up a set of measures for the purpose of stabilizing and bolstering local automobile consumption that was hard hit by the coronavirus spread.

Jun. 11 , 2020
Baoneng enters into strategic partnership with Midea Group in intelligent manfacturing
Baoneng enters into strategic partnership with Midea Group in intelligent manfacturing

Both parties will make full use of their advantages to create an intelligent manufacturing and retail ecosystem, with a focus on intelligent manufacturing, automotive parts, new retail model, etc.

Jun. 11 , 2020