Market & Industry
CATL, SAIC’s joint ventures celebrate first spade cut for power battery base phase Ⅱ
CATL, SAIC’s joint ventures celebrate first spade cut for power battery base phase Ⅱ

CATL and SAIC Motor last week laid the foundation stone for the second phase of the power battery-related base managed by their two joint ventures, marking a new push for the cooperation between the Chinese battery titan and automobile giant.

Jun. 22 , 2021
Changan Mazda to introduce new investor by offering up to 5% stake
Changan Mazda to introduce new investor by offering up to 5% stake

Changan Mazda, a 50:50 joint venture between Changan Automobile and Mazda, is trying to raise money by soliciting an eligible investor.

Jun. 22 , 2021
Borgward said to file for bankruptcy
Borgward said to file for bankruptcy

In 2014, BAIC Foton acquired the iconic German brand and in March, 2019, Ucar, a chauffeured car service provider in China, bought 67% stake of the company with 4.109 billion yuan.

Jun. 21 , 2021
Great Wall Motor’s HYCET celebrates birth of 10 millionth engine
Great Wall Motor’s HYCET celebrates birth of 10 millionth engine

HYCET Technology Co.,Ltd. (HYCET), an automotive component manufacturer and a wholly-owned subsidiary of Great Wall Motor (GWM), saw its 10 millionth engine roll off the production line on June 17.

Jun. 18 , 2021
XPeng unveils patent related to aircraft
XPeng unveils patent related to aircraft

Chinese EV startup XPeng recently unveiled a patent for a method and device for controlling the return of aircrafts.

Jun. 17 , 2021
BYD’s board of directors approves public listing of BYD Semiconductor
BYD’s board of directors approves public listing of BYD Semiconductor

BYD Company Limited (BYD) announced on June 16 its board of directors has agreed the public listing of its subsidiary BYD Semiconductor Co.,Ltd. on the Shenzhen Stock Exchange's ChiNext market.

Jun. 17 , 2021