Market & Industry
JAC Group expected to gain 480 million yuan in semi-annual net profit
JAC Group expected to gain 480 million yuan in semi-annual net profit

JAC Group announced on Tuesday its net profit attributable to shareholders is anticipated to reach roughly 480 million yuan ($73.77 million) for the first half of 2021, rocketing from the net loss of 147.44 million yuan for the year-ago period.

Jul. 28 , 2021
Hefei said to woo Xiaomi’s vehicle business
Hefei said to woo Xiaomi’s vehicle business

Hefei has a good industrial foundation for new energy vehicle (NEV) segment, which is attractive to Xiaomi.

Jul. 27 , 2021
Trunk.tech green-lighted by Beijing to make autonomous truck road tests
Trunk.tech green-lighted by Beijing to make autonomous truck road tests

Trunk.tech has become one of the first companies to obtain Beijing's permit that allows road tests for self-driving commercial vehicles, marking a big step on its path to large-scale commercial operation of autonomous trucks.

Jul. 27 , 2021
GAC Toyota’s NEV capacity expansion project 1st phase begins operation
GAC Toyota’s NEV capacity expansion project 1st phase begins operation

GAC Toyota announced on July 25 the first phase of its new energy vehicle (NEV) capacity expansion project has started operation in Nansha District, Guangzhou.

Jul. 26 , 2021
China’s automobile retail sales in first-half 2021 reach 2.2 trillion yuan
China’s automobile retail sales in first-half 2021 reach 2.2 trillion yuan

For the first half of 2021, China’s retail sales of automobile reached roughly 2.2 trillion yuan, leaping 30.4% from the previous year and representing contribution of 13% to the growth in the retail sales of consumer goods.

Jul. 23 , 2021
FAW Group said to take 5% stake in Changan Mazda
FAW Group said to take 5% stake in Changan Mazda

FAW Group will acquire 5% stake in Changan Mazda, currently a 50/50 joint venture between Chongqing Changan Automobile Co., Ltd. and Mazda Motor Corporation, according to a local media outlet.

Jul. 23 , 2021