Market & Industry
Changan Automobile posts 34.7% year-on-year drop in May sales
Changan Automobile posts 34.7% year-on-year drop in May sales

Changan Automobile said on June 12 that its vehicle sales in May reached 113,497 units, slumping 34.7% year on year and dropping 6.4% month on month. Meanwhile, auto outputs sharply sharply shrink 32.4% over a year ago to 116,995 units.

Jun. 13 , 2019
Geely Automobile's subsidiary to form JV  with LG Chem for EV battery supply
Geely Automobile's subsidiary to form JV with LG Chem for EV battery supply

On June 12, 2019, Shanghai Maple Guorun an indirect 99% owned subsidiary of Geely Automobile Holdings Limited and LG Chem entered into a joint venture (JV) agreement, saying both parties agreed to set up a joint venture focusing on EV battery.

Jun. 12 , 2019
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou

China Evergrande Group on June 11 signed a strategic cooperation framework agreement with Guangzhou Municipal Government as part of efforts to deepen its deployment in new energy vehicle (NEV) domain.

Jun. 12 , 2019
NIO updates Level 2 advanced driving assistant system NIO Pilot
NIO updates Level 2 advanced driving assistant system NIO Pilot

On June 10, NIO announced an update to NIO Pilot, the advanced driving assistant system (ADAS), adding seven features.

Jun. 11 , 2019
Summary of four major Japanese automakers’ China sales in May
Summary of four major Japanese automakers’ China sales in May

Toyota and Honda still obtained robust growth in both May sales and Jan.-May sales in China despite an overall sluggish auto market climate, presenting a quite powerful brand influence.

Jun. 11 , 2019
SAIC Motor’s May sales fall 16.28% year on year, while grow 5.28% month on month
SAIC Motor’s May sales fall 16.28% year on year, while grow 5.28% month on month

SAIC Motor’s new car sales in May 2019 reached 480,926 units, declining 16.28% from a year ago, the auto group announced on June 11. However, compared with the sales volume for April, the company achieved a positive growth of 5.28%.

Jun. 11 , 2019