Market & Industry
WM Motor invests in Hunan-based software tech company
WM Motor invests in Hunan-based software tech company

WM Motor Technology Group Company Limited (WM Motor) has acquired 15% stake in a Hunan-based software tech company, joining the growing number of automakers that attempt to get a foothold in software domain.

Nov. 20 , 2020
GAC Group aims to sell 3.5 million vehicles annually
GAC Group aims to sell 3.5 million vehicles annually

By 2035, the group anticipated its production and sales will exceed 5 million units with revenue over RMB1 trillion.

Nov. 20 , 2020
Hefei eyes 1-million-unit NEV capacity by 2025
Hefei eyes 1-million-unit NEV capacity by 2025

Hefei, the capital of Anhui province, aims to lift its new energy vehicle (NEV) capacity to 1 million units and generate an output value of NEV industry exceeding 100 billion yuan ($15.187 billion) by 2025.

Nov. 20 , 2020
Production start for Nissan-branded cars at Dongfeng Nissan’s Changzhou plant
Production start for Nissan-branded cars at Dongfeng Nissan’s Changzhou plant

On Nov. 18, Dongfeng Nissan officially kicked off production at the car plant in Changzhou with a Qashqai SUV rolling off the assembly line, according to Changzhou municipal government.

Nov. 19 , 2020
China encourages license plate quotas be to increased
China encourages license plate quotas be to increased

Local governments in China will be encouraged to lift license plate quotas as part of effort to boost car consumption bruised by the coronavirus pandemic.

Nov. 18 , 2020
Lars Buchwald named new VP Strategy & Business Development of Porsche China
Lars Buchwald named new VP Strategy & Business Development of Porsche China

Lars Buchwald became the new Vice President Strategy & Business Development at Porsche (China) Motors Ltd. on Nov. 17, 2020, taking over the responsibilities from Carsten Hess, according to Porsche’s announcement.

Nov. 18 , 2020