Market & Industry
GM Announces Executive Leadership Changes
GM Announces Executive Leadership Changes

Matt Tsien, currently executive vice president and president, GM China, is appointed to the position of Executive Vice President and Chief Technology Officer.

Mar. 18 , 2020
EV startups Xpeng Motors, Byton jointly invest in NEV R&D company
EV startups Xpeng Motors, Byton jointly invest in NEV R&D company

Xpeng Motors and Byton have jointly invested in a Nanjing-registered NEV R&D company, a significant cooperation formed between two Chinese EV startups.

Mar. 18 , 2020
China PV retail sales forecasted to show smaller drop in March
China PV retail sales forecasted to show smaller drop in March

China’s retail sales of locally-produced PVs (referring to cars, SUVs and MPVs) are forecasted to reach 1.03 million units in Mar., plunging 41% year on year, while better than that of a month ago, according to the China Passenger Car Association.

Mar. 18 , 2020
Changsha grants new vehicle buyers subsidy of up to RMB3,000 per car
Changsha grants new vehicle buyers subsidy of up to RMB3,000 per car

Following Foshan and Guangzhou, Changsha, capital of Hunan province, has also put forwarded the policy to subsidize new car purchase as part of efforts to boost automobile spending amid the anti-coronavirus fight.

Mar. 16 , 2020
Geely, Daimler set up ride-hailing service subsidiary in Beijing
Geely, Daimler set up ride-hailing service subsidiary in Beijing

Geely and Daimler extended their mobility cooperation reach to Beijing by building there a joint venture which will focus on providing premium ride-hailing services.

Mar. 16 , 2020
MIIT supports priority in work resumption of Hubei auto parts suppliers
MIIT supports priority in work resumption of Hubei auto parts suppliers

Given that the epidemic in Hubei province has been effectively contained, the resumption of local businesses’ operation and production should be addressed now.

Mar. 16 , 2020