Volkswagen Group China is about to acquire a 26.47% stake in Gotion High-Tech, China’s No.3 battery maker, becoming the latter’s biggest shareholder, according to an announcement released by Gotion High-Tech on May 28.
May 29 , 2020
In April, a total of 4,154 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for the China-built Tesla Model 3 sedans, which represented a plunge of 63% compared to March.
May 27 , 2020
StarRides, a premium ride-hailing service provider between Daimler Mobility AG and Geely Technology Group, established on May 21 a wholly-owned subsidiary in Xi’an, the capital of Shaanxi Province, according to Tianyancha.
May 27 , 2020
The 2021 Jiaji, the refreshed version of Geely’s first MPV model—the Jiaji, formally hit the market on May 25. Guiding prices range from 94,800 yuan ($13,280) to 159,800 yuan ($22,385).
May 25 , 2020
SGWM unveiled on May 25 a fire new silver badge of its Wuling brand, which targets the markets outside China. The iconic red five-diamond is still reserved to serve China’s local market.
May 25 , 2020
The first model jointly developed by SAIC Motor and Audi will be launched into the market in early 2022, according to a local media outlet, citing Chen Hong, SAIC Motor’s chairman and a deputy to the 13th National People's Congress.
May 25 , 2020