Market & Industry
China’s authorities roll out market-saving policies to spur car sales
China’s authorities roll out market-saving policies to spur car sales

China auto industry is calling for stronger incentives to spur domestic auto sales, which are further crippled by the COVID-19 spread after two consecutive years of downturn.

Mar. 30 , 2020
Geely Automobile reports 35% YoY drop in 2019 net profit
Geely Automobile reports 35% YoY drop in 2019 net profit

Geely Automobile released its annual result of 2019 on March 30.

Mar. 30 , 2020
Changchun, Ningbo offer subsidies for car purchases
Changchun, Ningbo offer subsidies for car purchases

Two more cities in China, Changchun and Ningbo, joined the string of local governments that offer subsidies to boost car consumption, which is depressed by the COVID-19 spread.

Mar. 30 , 2020
CATL, State Grid's subsidiary set up energy storage joint venture
CATL, State Grid's subsidiary set up energy storage joint venture

CATL and State Grid Integrated Energy Service Group Co.,Ltd., a wholly-owned subsidiary of State Grid, founded a joint venture, which focuses on the investment in energy storage programs and their construction and operation.

Mar. 27 , 2020
Hangzhou adds 20,000 fuel-burning car license plates to simulate auto sales
Hangzhou adds 20,000 fuel-burning car license plates to simulate auto sales

China’s local governments are taking steps to boost car sales that have fallen for two consecutive years and are worsened due to the coronavirus pandemic by increasing annual quota of new license plates.

Mar. 27 , 2020
Werner Eichhorn to take charge of Audi’s China business
Werner Eichhorn to take charge of Audi’s China business

Werner Eichhorn will take over responsibility for Audi’s business operations in China on April 1.

Mar. 26 , 2020