Market & Industry
Great Wall Motor’s ORA R2 to hit the market in early 2020
Great Wall Motor’s ORA R2 to hit the market in early 2020

Great Wall Motor (GMW) is expected to launch the ORA R2 at the beginning of 2020, according to the automaker.

Nov. 28 , 2019
ZF Establishes Third Research and Development Center in China
ZF Establishes Third Research and Development Center in China

ZF AG is establishing a third Chinese research and development center in Guangzhou southern China. Representatives of ZF and the local authorities have signed an agreement and ZF plans to invest approximately €90 million in the new development center

Nov. 28 , 2019
FAW Hongqi targets higher annual sales in 2019
FAW Hongqi targets higher annual sales in 2019

Hongqi, the state-owned FAW Group's premium auto brand, is likely to see the annual sales of 2019 reach 110,000 units, rather than 100,000 set at the beginning of this year, Xu Liuping, chairman and CPC secretary of FAW, said on November 26.

Nov. 27 , 2019
GAC Group launches e-TIME plan
GAC Group launches e-TIME plan

GAC Group, along with its Trumpchi and GAC NE subsidies, released its e-TIME plan at Auto Guangzhou 2019.

Nov. 26 , 2019
RMB31.3 billion budgeted as NEV subsidy in 2020
RMB31.3 billion budgeted as NEV subsidy in 2020

A total of RMB31.3 billion will be earmarked next year as New Energy Vehicle subsidies of 2017 and 2018, according to a filing from China’s Ministry of Finance.

Nov. 26 , 2019
BAIC Group to transfer 49% stake in Zhenjiang subsidiary to boost cooperation with Magna
BAIC Group to transfer 49% stake in Zhenjiang subsidiary to boost cooperation with Magna

Chinese state-owned automakers BAIC Group is ready to transfer 49% stake in its Zhenjiang-based subsidiary at a base price of around 300 million, according to information in a bulletin from China Beijing Equity Exchange.

Nov. 26 , 2019