Market & Industry
Startup Skywell ambitious to roll out four new models in next five years
Startup Skywell ambitious to roll out four new models in next five years

The newborn EV brand “Skywell” has already launched its product plan, less than a week after its name was firstly known by the public.

Dec. 16 , 2019
GWM-BMW JV given approval for establishment of foreign-invested enterprise
GWM-BMW JV given approval for establishment of foreign-invested enterprise

Spotlight Automotive, the joint venture between Germany’s BMW Group and China’s Great Wall Motor (GWM), has been granted China’s governmental approval for establishment of enterprises with foreign investment.

Dec. 16 , 2019
XPENG Motors says collective share pledge is for the sake of equity structure improvement
XPENG Motors says collective share pledge is for the sake of equity structure improvement

All 47 shareholders of Guangzhou Chengxing Zhidong Automobile Technology Co., Ltd, also known as XPENG Motors, have made the equity stakes they hold in the Guangzhou-based EV startup pledged on December 10.

Dec. 16 , 2019
Summary of nine mainstream Chinese automakers’ Nov. sales
Summary of nine mainstream Chinese automakers’ Nov. sales

In spite of the prolong downturn, some major Chinese automakers still attained sales rebound last month. Changan Automobile and Geely Auto eventually got year-on-year increase after quite a long duration.

Dec. 13 , 2019
China likely to see automotive after-sales market over 1 trillion yuan in 2020
China likely to see automotive after-sales market over 1 trillion yuan in 2020

China's automotive after-sales market size is expected to reach 1.435 trillion yuan ($204 billion) in 2020, according to the information delivered at a forum held recently by China Machinery Industry Federation (CMIF).

Dec. 12 , 2019
Changan EV plans to roll out three BEV models
Changan EV plans to roll out three BEV models

Changan EV, the electric vehicle unit of Changan Automobile, intends to offer the E-Star, the E-Rock in the first quarter of next year along with the E-life model in the future to enlarge its E series portfolio, according to the official.

Dec. 12 , 2019