Market & Industry
Tesla strengthens China business by setting up insurance brokerage
Tesla strengthens China business by setting up insurance brokerage

U.S. EV manufacturer Tesla has founded in China an insurance brokerage that involves a registered capital of 50 million yuan ($7,207,935), according to the China’s National Enterprise Credit Information Publicity System.

Aug. 13 , 2020
Nissan’s China business achieves highest-ever July sales
Nissan’s China business achieves highest-ever July sales

Nissan Motor Co.,Ltd. said its sales in China rose 11.6% in July from a year ago to 120,945 vehicles, the highest-ever July sales and the fifth-month-in-a-row growth the Japanese automaker has achieved.

Aug. 13 , 2020
BYD, Ansteel forge strategic partnership for R&D of lightweight, monorail tech, steel supply
BYD, Ansteel forge strategic partnership for R&D of lightweight, monorail tech, steel supply

On August 11, BYD forged a strategic partnership with Ansteel to cooperate on the technical R&D of NEV-related lightweight and reinforcement, and the development and application of environment-friendly and new materials.

Aug. 12 , 2020
China gains stronger-than-expected homegrown PV sales in supposed-to-be slack season
China gains stronger-than-expected homegrown PV sales in supposed-to-be slack season

For the month of July, around 1.625 million PVs locally produced in China (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers, a year-on-year growth of 7.9%, according to the China Passenger Car Association (CPCA).

Aug. 11 , 2020
NIO Inc. Reports Unaudited Second Quarter 2020 Financial Results
NIO Inc. Reports Unaudited Second Quarter 2020 Financial Results

NIO Inc., a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Aug. 11 , 2020
FAW Group sees July sales vigorously grow 23.2% from a year earlier
FAW Group sees July sales vigorously grow 23.2% from a year earlier

FAW Group said its new vehicle outputs and sales leapt 28.6% and 23.2% from a year earlier respectively to 337,265 units and 322,471 units in July.

Aug. 11 , 2020