Market & Industry
Geely ICON’s limited edition hit the market at price of RMB132,020
Geely ICON’s limited edition hit the market at price of RMB132,020

Dubbed “Milky Way”, the limited-run Geely ICON has already hit the market with an official guiding price of RMB132,020, an interesting number indicating the limited volume of 2,020 units.

Dec. 23 , 2019
FAW Hongqi’s YTD production set to exceed 110,000 units
FAW Hongqi’s YTD production set to exceed 110,000 units

Hongqi, the state-owned FAW Group's premium auto brand, saw its annual production skyrocket 199% over the year-ago period to more than 100,000 units as of December 19, according to a media outlet.

Dec. 23 , 2019
GAC Toyota said to ramp up annual capacity by 400,000 NEVs
GAC Toyota said to ramp up annual capacity by 400,000 NEVs

GAC Toyota, a joint venture of Japan’s Toyota Motor and China’s GAC Group, will beef up production by 400,000 NEVs a year, added with RMB15 billion worth of capital from both parent companies, according to a local media report.

Dec. 23 , 2019
Revealed: China sales of seven mainstream premium car brands in November
Revealed: China sales of seven mainstream premium car brands in November

In the year-end period, some carmakers further stabilized their leadership in China’s premium vehicle market, while others are still working on spurt to close 2019 with a better performance.

Dec. 19 , 2019
Tencent said to be approached by OEMs for promoting in-car WeChat
Tencent said to be approached by OEMs for promoting in-car WeChat

Several mainstream OEMs are in talks with Tencent to introduce WeChat app into their vehicles, according to a local media outlet, citing people from Tencent’s smart mobility unit.

Dec. 18 , 2019
DiDi seeks to jointly develop tailor-made vehicles with OEMs
DiDi seeks to jointly develop tailor-made vehicles with OEMs

Chinese ride-hailing giant Didi Chuxing (DiDi) is seeking to partner with OEMs on the R&D of vehicles tailor-made for its car-hailing services, according to the speech delivered by Chen Ting, senior vice president of DiDi.

Dec. 18 , 2019