Market & Industry
Geely Auto to go through pre-listing tutoring before listed on Sci-Tech Board
Geely Auto to go through pre-listing tutoring before listed on Sci-Tech Board

Geely Automobile Holdings Limited (called “Geely Auto” for short) is ready to be tutored by two securities companies before its initial public offering of A shares and listing on the science and technology innovation board.

Jul. 2 , 2020
FAW’s Hongqi boasts 111% YoY hike in first-half sales
FAW’s Hongqi boasts 111% YoY hike in first-half sales

Hongqi, the premium auto brand of FAW Group, announced that its new vehicle sales topped 15,400 units in June, surging 92% compared to the year-ago period.

Jul. 1 , 2020
Brilliance Auto’s parent registers mobility service subsidiary
Brilliance Auto’s parent registers mobility service subsidiary

Huachen Automotive Group Holdings Company Limited founded on June 29 a wholly-owned mobility service subsidiary that involves a registered capital of 100 million yuan.

Jul. 1 , 2020
China to remove foreign ownership caps for CV joint ventures from July 23, 2020
China to remove foreign ownership caps for CV joint ventures from July 23, 2020

China’s state planner said on June 24 it will remove foreign ownership caps for companies making commercial vehicles (CVs) from July 23, 2020, which might have a significant effect on the reform of China’s CV industry.

Jun. 29 , 2020
Geely Auto to plow 40% of proceeds from RMB share issuance in auto R&D
Geely Auto to plow 40% of proceeds from RMB share issuance in auto R&D

Geely Automobile Holdings Limited (Geely Auto) released on June 24 more details about the preliminary proposal for the possible RMB share issuance and listing on the Science and Technology Innovation Board (Sci-Tech Board) which has been approved by

Jun. 28 , 2020
GAC NIO, NIO co-develop new car platform powered by L4 autonomous driving tech
GAC NIO, NIO co-develop new car platform powered by L4 autonomous driving tech

GAC NIO New Energy Automotive CO., (GAC NIO) is working with NIO, one of its parent companies, to research and develop a new vehicle platform based on level 4 autonomous driving technologies, Liao Bing, CEO of GAC NIO, told a local media outlet.

Jun. 28 , 2020