Market & Industry
ByteDance sets up subsidiary for car, auto parts sales
ByteDance sets up subsidiary for car, auto parts sales

ByteDance, the Chinese parent of the hit video app TikTok, founded on April 19 a subsidiary engaging in telecommunications and automobile businesses.

Apr. 21 , 2021
Changan Automobile scores 225.6% year-on-year hike in 2020 net profit
Changan Automobile scores 225.6% year-on-year hike in 2020 net profit

In 2020, Changan Automobile saw its full-year net profit attributable to shareholders soar 225.6% from a year earlier to 3.324 billion yuan ($511.573 million).

Apr. 20 , 2021
Four Japanese automakers all gain two-digit growth in Q1 China sales due to low base
Four Japanese automakers all gain two-digit growth in Q1 China sales due to low base

For the first quarter of 2021, four major Japanese automakers—Toyota, Honda, Nissan and Mazda—all scored double-digit growth in China sales mainly because of the low base for the year-ago period.

Apr. 19 , 2021
NIO, Sinopec ink agreement to co-develop battery swap business
NIO, Sinopec ink agreement to co-develop battery swap business

NIO and Sinopec, the Chinese state-owned oil producer, signed an agreement on April 15 for a strategic cooperatiob on battery swapping stations.

Apr. 15 , 2021
XPeng’s LiDAR-enabled P5 sedan makes debut
XPeng’s LiDAR-enabled P5 sedan makes debut

XPeng officially launched its third production model and also the first sedan model, the XPeng P5, on April 14. One of big selling points is that the P5 is the world's first mass-produced smart electric vehicle (EV) model equipped with LiDAR.

Apr. 14 , 2021
Great Wall Motor resumes sedan business under WEY brand
Great Wall Motor resumes sedan business under WEY brand

Great Wall Motor (GWM) has resumed its sedan business and plan to launch the first sedan model in May under WEY brand, according to Li Ruifeng, vice president of GWM and general manager of WEY brand, said earlier this week.

Apr. 13 , 2021