Market & Industry
Dongfeng Motor’s four business branches unveil development target for 2021
Dongfeng Motor’s four business branches unveil development target for 2021

Four branches under Dongfeng Motor Corporation, namely Dongfeng Fengshen, Dongfeng Trucks, Dongfeng’s light truck business and Dongfeng Liuzhou Motor’s Chenglong, recently announced their near-term development goal.

Dec. 24 , 2020
Shanghai launches 20 battery swapping stations by Nov. 2020
Shanghai launches 20 battery swapping stations by Nov. 2020

Shanghai has built roughly 385,000 units of EV charging and battery swapping facilities by the end of November 2020, including 62,000 charging piles for public services and 43,000 dedicated piles.

Dec. 24 , 2020
SAIC Audi’s first model to be delivered starting early 2022
SAIC Audi’s first model to be delivered starting early 2022

SAIC Motor, Audi and FAW Group announced on Dec. 23 they have come to an agreement on the future cooperation in sales and service business, a significant milestone for the much-anticipated SAIC-Audi project.

Dec. 23 , 2020
SAIC’s mobility service brand Xiangdao Chuxing bags over 300 mln yuan in Series A round
SAIC’s mobility service brand Xiangdao Chuxing bags over 300 mln yuan in Series A round

Xiangdao Chuxing, SAIC Motor’s mobility service brand, announced on Dec. 18 it has closed its Series A round with over 300 million yuan ($45,846,330) raised from Alibaba Group and CATL.

Dec. 22 , 2020
Faraday Future builds subsidiary in Zhuhai for NEV sale business
Faraday Future builds subsidiary in Zhuhai for NEV sale business

Faraday Future (FF), the California-based electric vehicle (EV) startup with a complicated past, last week set up a subsidiary in Zhuhai, Guangdong province, according to the corporate data platform Tianyancha.

Dec. 21 , 2020
GAC NIO granted 15 mln yuan of loans from GAC Group after talks with Beijing officials
GAC NIO granted 15 mln yuan of loans from GAC Group after talks with Beijing officials

GAC Group agreed on December 18 to offer GAC NIO a loan of 15 million yuan ($2.29 million) with an one-year tenure, according to the automaker’s announcement.

Dec. 21 , 2020