Market & Industry
Geely enlarges SUV lineup with Haoyue
Geely enlarges SUV lineup with Haoyue

Geely Automobile unveiled on April 28 its all-new mid-sized SUV “Haoyue”, which is set to be offered with 5-seater and 7-seater layouts.

Apr. 29 , 2020
BYD posts net loss of RMB471.7 million excluding non-recurring items in Q1
BYD posts net loss of RMB471.7 million excluding non-recurring items in Q1

BYD Company Limited (BYD) announced its first-quarter net profit slumped 84.98% over a year ago to RMB112,636,000, while excluding the impact of no-recurring gains and losses, the company actually posted a net loss of RMB471,700,000.

Apr. 29 , 2020
NIO China to obtain RMB7 billion investment from strategic investors
NIO China to obtain RMB7 billion investment from strategic investors

NIO, China's top EV startup, signed on April 29 with strategic investors the definitive agreement pursant to which the latter will invest RMB7 billion into NIO China, the EV manufacturer announced via

Apr. 29 , 2020
Toyota and FAW Restructure their Joint Company's Management Systems with the Aim of Sustainable Growth in China
Toyota and FAW Restructure their Joint Company's Management Systems with the Aim of Sustainable Growth in China

China FAW Group Co., Ltd. (FAW) and Toyota Motor Corporation (Toyota) will restructure their management systems with the aim of achieving sustainable growth in China.

Apr. 28 , 2020
CATL announces 29.14% year-on-year decline in Q1 net profit
CATL announces 29.14% year-on-year decline in Q1 net profit

CATL, the global leading EV battery manufacture, reported a 29.14% year-on-year decline in net profit for the first quarter of 2020 (Q1) as the COVID-19 pandemic hit the new energy vehicle (NEV) market.

Apr. 28 , 2020
Geely to serve as trustee of Leopaard’s Changsha plant
Geely to serve as trustee of Leopaard’s Changsha plant

Zhejiang Geely Holding Group (Geely Holding) is to serve as the trustee of Hunan Leopaard Motors Co.,Ltd. (Leopaard)'s Changsha plant, which will focus on producing and selling new energy vehicles (NEVs).

Apr. 27 , 2020