Market & Industry
Dongfeng expected to log 60% YoY slump in H1 net profit due to pandemic hit
Dongfeng expected to log 60% YoY slump in H1 net profit due to pandemic hit

Dongfeng Motor Group Company Limited expects to record a roughly 60% year-on-year plunge in net profit for the first half of 2020.

Aug. 26 , 2020
FAW-Volkswagen’s JETTA sales top 100,000 units from Jan. to mid-Aug.
FAW-Volkswagen’s JETTA sales top 100,000 units from Jan. to mid-Aug.

Chinese car manufacturing joint venture FAW-Volkswagen (FAW-VW) said the year-to-date sales volume of its entry-level sub-brand JETTA has exceeded 10,000 units as of mid-August.

Aug. 25 , 2020
Startup BYTON said to register new tech company after suspending China operations
Startup BYTON said to register new tech company after suspending China operations

Chinese EV startup BYTON has applied for the registration of a new technology company dubbed “Shengteng”, which is likely to snag an operating license at the end of August, according to a local media outlet.

Aug. 25 , 2020
FAW’s Hongqi H9 full-sized luxury sedan hit the market
FAW’s Hongqi H9 full-sized luxury sedan hit the market

FAW Hongqi’s H9 full-sized luxury sedan officially hit the market on August 23. With five trim levels offered at one go, the new car model is sold at a price range of 309,800 yuan ($44,772) to 539,800 yuan ($78,011).

Aug. 24 , 2020
Toyota-backed R&D JV for commercial fuel cell system founded in Beijing
Toyota-backed R&D JV for commercial fuel cell system founded in Beijing

United Fuel Cell System R&D (Beijing) Co., Ltd. (FCRD), a significant joint venture announced by Toyota in early June, has been officially registered in Beijing, according to Chinese corporate data platform Tianyancha.

Aug. 23 , 2020
China’s PV retail sales estimated to 1.69 million in August, CPCA
China’s PV retail sales estimated to 1.69 million in August, CPCA

The retail sales of China’s passenger vehicles are expected to increase 8% again in August to 1.69 million units.

Aug. 21 , 2020