Liao Bing, founder and CEO of GAC NIO, resigned on Jan. 22 as chief executive officer (CEO) of GAC NIO and dropped all administrative duties at the company’s subsidiaries, according to a posting on Liao’s Weibo account.
Jan. 27 , 2021
Lifan Technology (Group) Co.,Ltd., whose predecessor is Lifan Industry (Group) Co.,Ltd., was inaugurated on Jan. 25 and formally introduced from Geely Technology Group a new model available for swappable batteries.
Jan. 26 , 2021
Great Wall Motor said its annual revenue hit a record high of 103.283 billion yuan in 2020, rising 7.35% compared to the previous year. Its full-year net profit attributable to shareholders jumped 19% year on year to 5.392 billion yuan.
Jan. 26 , 2021
Affected by the impact of coronavirus outbreak in the first quarter, five major publicly-traded Chinese automobile groups suffered decrease in annual sales.
Jan. 23 , 2021
Zhixin Semiconductor Co.,Ltd., a chipset manufacturer backed by Dongfeng Motor Group, is expected to start running its power chip module assembly line with an annual capacity of 300,000 sets in April 2021.
Jan. 22 , 2021
China auto retail sales in 2021 are forecasted to climb 4% year on year, while the annual passenger vehicle deliveries are likely to grow 8%, said Cui Dongshu, secretary general of the China Passenger Car Association.
Jan. 22 , 2021