Market & Industry
EV startup Byton to complete C financing round around midyear 2019
EV startup Byton to complete C financing round around midyear 2019

EV startup Byton the startup disclosed that its ongoing Series C financing round is expected to be completed around midyear of 2019.

May 8 , 2019
Honda records new-high April deliveries in China, so far
Honda records new-high April deliveries in China, so far

Honda saw its China deliveries in April jump 24.1% year on year to 125,407 units, hitting a new high in April sales for the world’s largest auto market, the Japanese automaker announced on May 7.

May 7 , 2019
Changan Mazda gets new President
Changan Mazda gets new President

Hideaki Tanaka, former President of Changan Mazda, has left the company after 3-year tenure. His post is succeeded by Toru Nakajima, according to an announcement from the Sino-Japanese joint venture.

May 7 , 2019
Hainan Province to remove NEV local subsidy from June 26
Hainan Province to remove NEV local subsidy from June 26

The government of China’s Hainan Province recently announced that consumers who buy new energy vehicles (NEVs) with license (excluding buses and fuel cell vehicles) will no longer enjoy the subsidy offered by local government from June 26 on.

May 6 , 2019
China’s Zotye Auto to roll out 10 plus NEV models by 2020
China’s Zotye Auto to roll out 10 plus NEV models by 2020

Zotye Auto, a China-based privately-owned automaker, plans to roll out over 10 NEV models by 2020 as part of its newly-launched NEV strategy targeting the next fifteen years, according to a press release from the carmaker.

May 6 , 2019
Changan Automobile sees 250.62% year-on-year plunge in Q1 net profit attributable to shareholders
Changan Automobile sees 250.62% year-on-year plunge in Q1 net profit attributable to shareholders

Chongqing Changan Automobile Co., Ltd said on April 30 that its operating income in the first quarter of the year slumped 20% over the previous year to RMB16.008 billion.

May 5 , 2019