Market & Industry
FAW Hongqi hits 200,000-unit annual production target ahead of schedule
FAW Hongqi hits 200,000-unit annual production target ahead of schedule

Hongqi, the premium car marque of FAW Group, announced it output over 200,000 new vehicles as of December 20 in 2020, achieving its annual production target 11 days ahead of schedule.

Dec. 21 , 2020
Tesla builds sales service subsidiary in Harbin
Tesla builds sales service subsidiary in Harbin

U.S. EV manufacturer Tesla recently set up a new sales service company in Harbin, the capital of Heilongjiang province, according to the corporate data platform Tianyancha.

Dec. 18 , 2020
SAIC’s premium EV brand Zhiji Motor to show three models at Auto China 2021
SAIC’s premium EV brand Zhiji Motor to show three models at Auto China 2021

Zhiji Motor, an upscale electric vehicle (EV) brand announced by SAIC Motor, will showcase three all-new vehicles models at next year’s Shanghai International Automobile Exhibition (Auto China 2021), according to a local media outlet.

Dec. 18 , 2020
Nov. 2020 update: sales of Chinese mainstream automobile groups
Nov. 2020 update: sales of Chinese mainstream automobile groups

Mainstream automobile groups in China continued sales rebound in November.

Dec. 15 , 2020
SAIC’s R brand to announce tech brand ‘R-TECH’ in Jan. 2021
SAIC’s R brand to announce tech brand ‘R-TECH’ in Jan. 2021

The “R” brand, a high-end full-electric vehicle (BEV) brand of SAIC Motor Passenger Vehicle Company, will launch next month a fire new technology brand dubbed “R-TECH”, according to a local media outlet.

Dec. 15 , 2020
BYD’s new Fudi subsidiary works on import & export businesses
BYD’s new Fudi subsidiary works on import & export businesses

BYD recently founded Fudi Industry Co.,Ltd., a new subsidiary under Fudi, through which BYD intends to sell batteries and electric components to other automakers.

Dec. 15 , 2020