China’s annual vehicle sales in 2021 are expected to realize growth after falling for three consecutive years even though new vehicle sales have decreased for four months in a row from May this year, an MOCOM official said.
Sep. 26 , 2021
Elon Musk, CEO of the U.S.-based EV manufacturer Tesla, delivered an online speech on Sept. 26 at the opening of the World Internet Conference 2021, saying Tesla will continue to expand investment and R&D efforts in China.
Sep. 26 , 2021
Chairman of BMW Group, Oliver Zipse, announced that the group plans to step up its future investment in Liaoning Province, home-base of its joint venture BMW Brilliance Automotive, according to media outlet Xinhua.
Sep. 26 , 2021
Li Shufu, Founder and chairman of China’s major auto group Geely, is reported to set foot in the smartphone industry, according to Caijing.com, a local media outlet.
Sep. 24 , 2021
China’s ride-hailing platform T3 is reportedly finishing up a new round of financing worth over RMB5 billion led by CITIC Group. The company will be granted at least RMB2 billion in line of credit, sources inside the company told local media outlets.
Sep. 24 , 2021
SAIC Motor aims to gain over 100 billion yuan of annual revenue from its commercial vehicle (CV) business by 2025, as part of the development plan the automaker sets for its CV unit arm in the 14th Five-Year Plan period.
Sep. 24 , 2021