Evergrande Auto announced on September 15 that it has entered into top-up placing arrangements to introduce international investors including Tencent Holdings Limited, Sequoia Capital, Yunfeng Fund and DiDi Chuxing, raising HK$4 billion.
Sep. 15 , 2020
At the Baidu World 2020, Baidu showcased the newest autonomous car it jointly developed with Hongqi, FAW Group's premium car brand, which has no safety driver behind the steering wheel.
Sep. 15 , 2020
Chinese battery giant announced on Sept. 12 a successful issuance of $1.5 billion in senior dual-tranche fixed rate bonds in overseas market, which is regarded as part of efforts to improve its global deployment.
Sep. 14 , 2020
China auto production and sales volumes amounted to 2,119,000 units and 2,186,000 units in August, growing 6.3% and 11.6% year on year, according to the China Association of Automobile Manufacturers (CAAM).
Sep. 10 , 2020
Under the stagnant market climate, many automakers faced evident decrease in their first-half revenue and net profit, but some bright spots are still worth mentioning.
Sep. 10 , 2020
FAW Group, one of China’s major state-owned automakers, said its vehicle production and sales volumes reached 303,079 units and 314,454 units in August, rising 8.8% and 14% respectively over a year earlier.
Sep. 10 , 2020