Market & Industry
Tesla announces start of Model Y’s local production in China
Tesla announces start of Model Y’s local production in China

Tesla formally kicked off the large-scale delivery of its China-made Model 3 sedans on January 7 at its Shanghai plant. Meanwhile, the project of the Model Y is to be launched there, according to a living video broadcast from Tesla’s Weibo account.

Jan. 7 , 2020
GM Delivers 3.09 Million Vehicles in China in 2019
GM Delivers 3.09 Million Vehicles in China in 2019

General Motors and its joint ventures delivered more than 3.09 million vehicles in China in 2019, amid a challenging environment with weakened consumer demand.

Jan. 7 , 2020
GAC Group’s 2019 sales down by 3.99%, still better than expected
GAC Group’s 2019 sales down by 3.99%, still better than expected

GAC Group said its full-year auto production and sales of 2019 were better than expected. Last year, the automaker output 2,023,814 vehicles (-7.76%) and sold 2,062,160 new vehicles (-3.99%).

Jan. 7 , 2020
BYTON and Marubeni Corporation Strike a Strategic Partnership with further progress in Series C Financing
BYTON and Marubeni Corporation Strike a Strategic Partnership with further progress in Series C Financing

Today, BYTON and Marubeni Corporation announced a strategic partnership. Marubeni will become a partner in BYTON’s Series C financing.

Jan. 6 , 2020
Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago
Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago

Geely Automobile Holdings Limited (Geely Auto) said its new car sales surged 39.3% year on year to 130,036 units in December, 2019, making its full-year sales totaled 1,361,560 units.

Jan. 6 , 2020
Great Wall Motor to build BEVs at annual capacity of 100,000 units in Taizhou plant
Great Wall Motor to build BEVs at annual capacity of 100,000 units in Taizhou plant

Great Wall Motor (GWM) plans to manufacture all-electric cars at an industrial park of Taizhou, Jiangsu Province, according to an environmental impact assessment report released by the Department of Ecology and Environment of Jiangsu Province.

Jan. 6 , 2020