Market & Industry
VW increases stake in joint venture with JAC Group
VW increases stake in joint venture with JAC Group

China’s major automaker JAC Motors announced that it had completed a private offering with RMB2 billion raised.

Dec. 14 , 2021
China NEV sales to reach 3.4 million units in 2021: CAAM
China NEV sales to reach 3.4 million units in 2021: CAAM

China’s annual automobile sales volume may surpass 26 million vehicles in 2021, with 13% being new energy vehicles, according to Fu Bingfeng, the executive vice president and secretary-general of China Association of Automobile Manufacturers (CAAM),

Dec. 14 , 2021
Geely to set up automobile joint venture with Lifan Technology
Geely to set up automobile joint venture with Lifan Technology

Lifan Technology, the holding company owning China’s named motorcycle brand, Lifan Motorcycle, announced today that it will be setting up an automobile joint venture company with major automaker, Geely Automobile Holdings Limited (Geely Auto).

Dec. 13 , 2021
BAIC confirms not to further stake in Daimler
BAIC confirms not to further stake in Daimler

Daimler AG and China’s major automaker BAIC Group reemphasized their long-term partnership today, along with their cross-shareholding details.

Dec. 13 , 2021
BAIC BJEV to equip new ARCFOX-branded models with third-generation solid-state battery
BAIC BJEV to equip new ARCFOX-branded models with third-generation solid-state battery

BAIC BluePark, the parent of BAIC Group’s NEV unit BAIC BJEV, plans to equip new models under the premium EV brand ARCFOX with its third-generation solid-state battery technology, which is in the process of being planned.

Dec. 13 , 2021
Chery Holding Nov. NEV sales double YoY
Chery Holding Nov. NEV sales double YoY

Chery Holding’s year-to-date sales volume set a new record at the end of November, with booming sales performances both domestically and internationally.

Dec. 13 , 2021