Market & Industry
Webasto names acting President China
Webasto names acting President China

The renowned automotive supplier, Webasto, announced two major personnel changes on December 15th. The current President China of Webasto, Jan Henning Mehlfeldt is taking on as President Europe, and Zhang Lihua will be the acting president.

Dec. 16 , 2021
China auto sales forecasted to reach 27.5 million units in 2022: CAAM
China auto sales forecasted to reach 27.5 million units in 2022: CAAM

China automobile sales are expected to reach 27.5 million units in 2022 with a 5.4% year-on-year growth, said Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers (CAAM).

Dec. 16 , 2021
Car making newcomer I·T BOX introduces EVs for ride-sharing industry
Car making newcomer I·T BOX introduces EVs for ride-sharing industry

I·T BOX, a newcomer to the automaking industry, held a brand release ceremony on December 15th and introduced its first two EV models targeting ride-sharing market.

Dec. 16 , 2021
FAW Hongqi said to launch first MPV model in 2022
FAW Hongqi said to launch first MPV model in 2022

FAW Hongqi’s first MPV model has started cold region test and calibration and is said to start mass production and delivery in 2022, according to a local media outlet. The new model’s photos were leaked online.

Dec. 15 , 2021
Volkswagen Group China soon to become Gotion High-Tech's biggest shareholder
Volkswagen Group China soon to become Gotion High-Tech's biggest shareholder

Gotion High-Tech announced on Monday will make a non-public issuance of 384,163,346 shares to Volkswagen (China) Investment Co.,Ltd.

Dec. 15 , 2021
BYD Semiconductor celebrates triumphant mass-production of 1200V power device driver chip
BYD Semiconductor celebrates triumphant mass-production of 1200V power device driver chip

The semiconductor developing arm of China’s renowned carmaker BYD, BYD Semiconductor, announced today that it has successfully developed and mass-produced a 1200V power device driver chip, supplying automakers in December.

Dec. 14 , 2021