Market & Industry
Volkswagen Group unveils new management team for Anhui joint venture
Volkswagen Group unveils new management team for Anhui joint venture

Volkswagen Group announced on Jan. 5 a new management team of the joint venture Volkswagen (Anhui) Automotive Company Limited, as part of efforts to boost its e-mobility offensive in China.

Jan. 6 , 2021
Honda’s China business achieves best-ever annual deliveries in 2020
Honda’s China business achieves best-ever annual deliveries in 2020

Honda said its China deliveries climbed 4.7% from the year ago to 1,626,972 units in 2020, the best-ever figure in terms of annual sales.

Jan. 6 , 2021
GAC Group, Pearl River Investment ally on next-generation intelligent vehicle
GAC Group, Pearl River Investment ally on next-generation intelligent vehicle

GAC Group entered into a strategic partnership with Guangdong Pearl River Investment Management Group Co., Ltd. (Pearl River Investment) and Guangdong Yuanzhi Technology Group Co.,Ltd. on Jan. 5 for an intelligent vehicle project.

Jan. 6 , 2021
WM Motor boasts 33.3% year-on-year leap in 2020 sales
WM Motor boasts 33.3% year-on-year leap in 2020 sales

WM Motor said sold 22,495 new vehicles throughout 2020, a year-on-year growth of 33.3%. Its quarterly sales hit a new high of 8,609 units in the fourth quarter last year.

Jan. 5 , 2021
Foxconn, Byton join hands to boost mass production of M-Byte
Foxconn, Byton join hands to boost mass production of M-Byte

Foxconn Technology Group is in talks with Byton to invest in the embattled Chinese electric vehicle (EV) startup, intending to come to a deal through which the Apple supplier can make inroads into car manufacturing business.

Jan. 4 , 2021
SAIC-GM-Wuling sees 2020 annual sales exceed 1.6 million units
SAIC-GM-Wuling sees 2020 annual sales exceed 1.6 million units

SAIC-GM-Wuling said its full-year sales reached 1,600,057 units last year. As of December 2020, the company achieved growth compared to both the previous year and the previous month for the ninth month in a row.

Jan. 4 , 2021