Market & Industry
GWM-BMW’s JV Spotlight Automotive granted business license
GWM-BMW’s JV Spotlight Automotive granted business license

Spotlight Automotive Co.,Ltd, a 50:50 joint venture between China’s Great Wall Motor (GWM) and Germany’s BMW Group, has been granted business license by the market regulation administration of Zhangjiagang, Jiangsu province.

Dec. 31 , 2019
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant

On December 30, the first pre-production car under ARCFOX, a premium BEV brand of BAIC BJEV, officially rolled off the production line at the Zhenjiang plant co-founded by BAIC and Magna.

Dec. 31 , 2019
NIO Capital’s US dollar fund closes first fundraising of over $200 million
NIO Capital’s US dollar fund closes first fundraising of over $200 million

NIO Capital, an investment firm founded by leading Chinese EV maker NIO, announced on December 30 its US dollar fund (Eve ONE L.P.) has completed the first fundraising with over $200 million collected from a number of world’s leading investors.

Dec. 30 , 2019
Hainan releases car-sharing scheme, to launch 6,000 shared cars by 2022
Hainan releases car-sharing scheme, to launch 6,000 shared cars by 2022

On December, 26, Hainan province government issued a pilot scheme for shared mobility service from 2019 to 2025 with an aim to have 6,000 shared cars by 2022 and 10,000 units by 2025 in the well-known tourist province.

Dec. 30 , 2019
Toyota presses ahead with electrification, mobility service in China
Toyota presses ahead with electrification, mobility service in China

Toyota, the old-line automaker obviously knows that the “four trends” (electrification, intelligence, connectivity and sharing) are crucial to its long-term sustainable development in this country.

Dec. 30 , 2019
HYCAN's first production model "007" priced from RMB260,000 for presale
HYCAN's first production model "007" priced from RMB260,000 for presale

HYCAN, the EV brand launched by GAC NIO New Energy Automotive Co.,Ltd (GAC NIO), officially announced the name of its long-waited first mass-produced model.

Dec. 27 , 2019