Market & Industry
Geely Auto completes 66% of revised 2020 sales target as of Sept.
Geely Auto completes 66% of revised 2020 sales target as of Sept.

Geely Automobile Holdings Limited (called “Geely Auto” for short) and its subsidiaries sold a total of 126,365 new vehicles in September, an increase of roughly 11% from the year-ago period and up around 11% from the previous month.

Oct. 9 , 2020
NIO China’s headquarters launched in Hefei
NIO China’s headquarters launched in Hefei

NIO China’s Hefei-based headquarters was officially put into operation on October 9.

Oct. 9 , 2020
China’s Vehicle Inventory Alert Index drops 4.6 percentage points YoY in Sept.
China’s Vehicle Inventory Alert Index drops 4.6 percentage points YoY in Sept.

China’s Vehicle Inventory Alert Index stood at 54% in September, which rose 1.2 percentage points compared to the previous month, while dropped 4.6 percentage points over the previous year, according to the China Automobile Dealers Association.

Oct. 9 , 2020
CATL, FAW’s power battery joint venture starts production
CATL, FAW’s power battery joint venture starts production

CATL-FAW Power Battery Co.,Ltd. (called “CATL-FAW” for short), a joint venture between the Chinese power battery giant CATL and automaker FAW Group, has been put into operation on September 28, according to a posting via CATL’s WeChat account.

Sep. 29 , 2020
Great Wall Motor’s subsidiary signs special investment contract with Russian government
Great Wall Motor’s subsidiary signs special investment contract with Russian government

The Ministry of Industry and Trade of the Russian Federation signed on September 25 a special investment contract (SPIC) with Haval Russia Automotive Manufacturing Co., Ltd.—a subsidiary of the Chinese carmaker Great Wall Motor.

Sep. 29 , 2020
Volkswagen Group China and Joint Ventures to invest EUR 15 billion in e-Mobility
Volkswagen Group China and Joint Ventures to invest EUR 15 billion in e-Mobility

Pursuing a strategy of electrification and digitization, the Group will electrify China on a grand scale, producing a total of 15 different NEV models locally by 2025, with 35% of the product portfolio in China made up of fully-electric models.

Sep. 29 , 2020