Market & Industry
Former CEO of Shouqi Limousine & Chauffeur named VP of Baidu’s Intelligent Driving Group
Former CEO of Shouqi Limousine & Chauffeur named VP of Baidu’s Intelligent Driving Group

Baidu announced on May 10 that Wei Dong, former CEO of the Chinese state-controlled online ride-hailing platform Shouqi Limousine & Chauffeur, has joined Baidu as Vice President and Chief Safe Operation Officer of Baidu’s Intelligent Driving Group.

May 10 , 2021
BYD boasts 60.48% YoY leap in Jan.-Apr. 2021 sales
BYD boasts 60.48% YoY leap in Jan.-Apr. 2021 sales

BYD Company Limited said its new vehicle sales reached 45,234 units in April 2021, surging 42.21% year on year, while growing 10.82% month on month, according to the company’s latest monthly sales results.

May 8 , 2021
GAC Group gains YoY growth in outputs, sales for ten straight months
GAC Group gains YoY growth in outputs, sales for ten straight months

As of April 2021, GAC Group had posted year-on-year growth in both monthly outputs and sales for the tenth month in a row.

May 8 , 2021
NIO announces strategy for market entry into Norway
NIO announces strategy for market entry into Norway

On May 6, NIO formally announced its market entry into Norway, signaling the beginning of its overseas onslaught.

May 6 , 2021
FAW’s Hongqi scores 132% year-on-year leap in Jan.-Apr. sales
FAW’s Hongqi scores 132% year-on-year leap in Jan.-Apr. sales

FAW Group announced its premium car brand Hongqi sold 91,900 new vehicles during the first four months of the year, representing a year-on-year hike of 132%.

May 6 , 2021
Chinese automakers strive to develop battery swapping business
Chinese automakers strive to develop battery swapping business

Battery swapping is considered to be a significant energy supply method for electric vehicles (EVs) that Chinese government is vigorously developing and popularizing with many supporting policies.

May 6 , 2021