Market & Industry
23 auto-related companies tabulated on 2020 Fortune China Top 500 list
23 auto-related companies tabulated on 2020 Fortune China Top 500 list

Fortune China released on July 27 the list of China's top 500 public companies, whose total revenues in 2019 reached RMB50.5 trillion, a year-on-year increase of 11%.

Jul. 30 , 2020
Guangdong to encourage foreign firms to invest in NEV businesses
Guangdong to encourage foreign firms to invest in NEV businesses

Guangdong provincial government stated earlier this month that it will encourage foreign investors to plow capital into new energy vehicle (NEV) businesses and relax foreign ownership restrictions on commercial vehicle (CV) manufacturers.

Jul. 30 , 2020
Hongqi unveils E-HS9 BEV, aims to launch 3 to 5 new models per year
Hongqi unveils E-HS9 BEV, aims to launch 3 to 5 new models per year

FAW Hongqi’s all-new large-sized all-electric SUV, the Hongqi E-HS9, made its world’s debut on July 28 with its presale kicking off at the same time.

Jul. 30 , 2020
smart joint venture confirms global executive team and establishes smart Europe GmbH
smart joint venture confirms global executive team and establishes smart Europe GmbH

The smart brand, a global pioneer in urban mobility, will write the next chapter in its history as a joint venture between Mercedes-Benz and Geely.

Jul. 27 , 2020
Geely Auto announces CMA Modular Architecture for 4.0 car-building era
Geely Auto announces CMA Modular Architecture for 4.0 car-building era

At the Chengdu Motor Show 2020, Geely Auto announced that its modular auto architecture is officially named “CMA Mudular Architecture” (“Chaoji Muti”, in Chinese), where the models will be based in the “Technology Geely 4.0 Era”.

Jul. 27 , 2020
NIO adds used car distribution, brokerage onto business scope
NIO adds used car distribution, brokerage onto business scope

Shanghai NIO Automobile Sale Service Co.,Ltd., a wholly-owned subsidiary of NIO (Anhui) Holding Ltd., has added the distribution and brokerage of used cars on to its business scope, according to the corporate data platform Tianyancha.

Jul. 27 , 2020