Market & Industry
Great Wall Motor establishes R&D subsidiary in Zhangjiagang
Great Wall Motor establishes R&D subsidiary in Zhangjiagang

Great Wall Motor, China’s largest SUV and pickup manufacturer, set up a R&D subsidiary in Zhangjiagang, Jiangsu Province on May 17.

May 18 , 2021
Geely Technology, Farasis Energy to build battery joint venture
Geely Technology, Farasis Energy to build battery joint venture

Geely Technology Group and Farasis Energy, a Chinese developer and supplier of lithium-ion battery technologies, struck a deal on May 17 to build a joint venture dedicated to battery-related businesses, according to Farasis Energy.

May 18 , 2021
Japanese automakers see China sales growth fall in April
Japanese automakers see China sales growth fall in April

In terms of April sales, Toyota, Honda, and Nissan’s China businesses still recorded year-on-year growth, while the rates were much smaller than that of the previous month. Mazda was the only one that faced decrease.

May 18 , 2021
Great Wall Holdings, Sinopec team up on hydrogen energy
Great Wall Holdings, Sinopec team up on hydrogen energy

Great Wall Holdings Group Limited and China’s state-controlled oil firm Sinopec Group inked a framework agreement on May 12 to cooperate on hydrogen energy business, according to a posting on Great Wall Motor (GWM)’s WeChat account.

May 13 , 2021
China auto sales climb 8.6% YoY in Apr. 2021
China auto sales climb 8.6% YoY in Apr. 2021

China auto outputs and sales reached 2.234 million and 2.252 million units last month, growing 6.3% and 8.6% respectively from a year earlier, according to the China Association of Automobile Manufacturers (CAAM).

May 12 , 2021
BYD to spin off semiconductor business ahead of listing on ChiNext board
BYD to spin off semiconductor business ahead of listing on ChiNext board

BYD Company Limited (BYD) announced on May 11 it plans to spin off its controlled subsidiary BYD Semiconductor Co.,Ltd. for the independent listing on the ChiNext board, the Shenzhen Stock Exchange’s board for growth enterprises.

May 12 , 2021