Market & Industry
FAW-VW to roll out around 30 new models, targets 2.325 mln auto sales in 2020
FAW-VW to roll out around 30 new models, targets 2.325 mln auto sales in 2020

FAW-Volkswagen (FAW-VW) plans to roll out nearly 30 new models in 2020 gathering joint efforts of three brands—Volkswagen, Audi and Jetta, according to a local media report.

Jan. 19 , 2020
NIO to increase number of NIO House, NIO Space to 200 by end-2020
NIO to increase number of NIO House, NIO Space to 200 by end-2020

NIO, Tesla’s China wannabe, aims to beef up the cumulative number of its sales and service outlets—NIO House and NIO Space—to around 200 by the end of 2020, Wei Jian, NIO’s Vice President of User Operations, said on January 16.

Jan. 19 , 2020
Revealed: 2019 full-year sales of automakers in China
Revealed: 2019 full-year sales of automakers in China

China has seen its auto sales decline for the second year in a row. Saddled with the general downward pressure, most automakers in China also came across downturn last year.

Jan. 18 , 2020
BYD, Daimler once again adds capital to NEV joint venture DENZA
BYD, Daimler once again adds capital to NEV joint venture DENZA

On January 14, registered capital of Shenzhen DENZA New Energy Automotive Co.,Ltd, a joint venture between BYD and Daimler, was increased by RMB700 million to RMB5.76 billion, according to an update record from corporate data platform Tianyancha.

Jan. 16 , 2020
GAC Group says report about its $1 billion investment in NIO is untrue
GAC Group says report about its $1 billion investment in NIO is untrue

GAC Group said the report about its plan of seeking $1 billion for investment in NIO is untrue.

Jan. 16 , 2020
Volvo Cars and China Unicom collaborate on 5G communication technology development in China
Volvo Cars and China Unicom collaborate on 5G communication technology development in China

Volvo Cars and leading telecom provider China Unicom are joining forces on using 5G next generation mobile network technology for communication between cars and infrastructure in China.

Jan. 15 , 2020