Luxury brands defied the overall downward trend with their deliveries jumping 27% from a year ago to 246,236 units, versus the 5.1% and 17.3% decline in the sales of mainstream JV brands and China’s self-owned brands.
Jul. 27 , 2020
Faurecia, one of the world leading automotive technology companies, and BAIC, one of China’s largest automotive manufacturers, today announced the establishment of a new 50-50 joint venture in China.
Jul. 24 , 2020
The Wuling Hongguang MINI EV, the first-ever all-electric vehicle of Wuling brand, officially hit the market at the Chengdu Motor Show that kicked off on July 24. Prices of three variants range between only 28,800 yuan and 38,800 yuan.
Jul. 24 , 2020
Both JAC Motors and Volkswagen (China) Investment Co., Ltd. have finished subscribing for the equity stake newly issued by JAC Volkswagen, which made the registered capital of the joint venture surge to 7.356 billion yuan from 2 billion yuan.
Jul. 22 , 2020
Gotion High-Tech, China’s No.3 battery maker, celebrated on July 20 the first spade cut for its battery manufacturing base in Liuzhou, Guangxi Zhuang Autonomous Region, according to a posting on the company’s WeChat account.
Jul. 21 , 2020
GWM launched on July 20 three all-new technology brands, dubbed “Lemon”, “Tank” and “Coffee Intelligence”, demonstrating its ambition to drive the transition to being a global mobility technology provider from being a a mere vehicle manufacturer.
Jul. 21 , 2020