Market & Industry
BYD says no plan “right now” to stop producing oil-fueled vehicles
BYD says no plan “right now” to stop producing oil-fueled vehicles

BYD has so far had no plan to stop producing ICE (internal combustion engine)-only cars as there are still demands from both consumers and dealership partners.

Jun. 24 , 2021
Geely’s spokesman denies rumor of talking with Pony.ai for EV development
Geely’s spokesman denies rumor of talking with Pony.ai for EV development

Yang Xueliang, the spokesman of Zhejiang Geely Holding Group, said Geely has never talked with Pony.ai about the development of an electric vehicle (EV) model based on its SEA (Sustainable Experience Architecture (SEA) platform.

Jun. 24 , 2021
GAC Aion invests in Guangdong-based mobility tech company
GAC Aion invests in Guangdong-based mobility tech company

GAC Aion, a NEV-focused wholly-owned subsidiary of GAC Group, has invested in a mobility technology company just set up on June 16.

Jun. 24 , 2021
CATL, SAIC’s joint ventures celebrate first spade cut for power battery base phase Ⅱ
CATL, SAIC’s joint ventures celebrate first spade cut for power battery base phase Ⅱ

CATL and SAIC Motor last week laid the foundation stone for the second phase of the power battery-related base managed by their two joint ventures, marking a new push for the cooperation between the Chinese battery titan and automobile giant.

Jun. 22 , 2021
Changan Mazda to introduce new investor by offering up to 5% stake
Changan Mazda to introduce new investor by offering up to 5% stake

Changan Mazda, a 50:50 joint venture between Changan Automobile and Mazda, is trying to raise money by soliciting an eligible investor.

Jun. 22 , 2021
Borgward said to file for bankruptcy
Borgward said to file for bankruptcy

In 2014, BAIC Foton acquired the iconic German brand and in March, 2019, Ucar, a chauffeured car service provider in China, bought 67% stake of the company with 4.109 billion yuan.

Jun. 21 , 2021