Market & Industry
SAIC Motor's new vision eyes user-centric high tech firm
SAIC Motor's new vision eyes user-centric high tech firm

Chinese largest automaker SAIC Motor announced on June 15 the upgrade of its brand identity and launched an all-new corporate vision with the aim of becoming a user-centric high-technology enterprise.

Jun. 15 , 2021
SAIC Motor PV, BOE Varitronix to ally on smart in-car display
SAIC Motor PV, BOE Varitronix to ally on smart in-car display

SAIC Motor PV and BOE Varitronix Limited recently entered into a strategic partnership to co-boost the innovation of the products related to in-car display and interaction technologies.

Jun. 15 , 2021
Honda, Nissan, Mazda China sales down in May, only Toyota edges up
Honda, Nissan, Mazda China sales down in May, only Toyota edges up

Among four major Japanese automakers, only Toyota sustained a year-on-year growth in its China sales for the month of May. Honda, Nissan, and Mazda’s China businesses all posted downturn movement in their May sales.

Jun. 12 , 2021
Great Wall Motor logs 6.18% year-on-year growth in May sales
Great Wall Motor logs 6.18% year-on-year growth in May sales

Great Wall Motor (GWM) announced on Tuesday it sold 517,547 new vehicles during the first five months of 2021, recording a year-on-year surge of 65.32%. The sales for the month of May reached 86,965 units, rising 6.18% from a year ago.

Jun. 9 , 2021
Changan sells less vehicles in May
Changan sells less vehicles in May

Thanks to its outstanding sales performance in the first four months, its cumulative sales of the first five months exceeded 1 million units.

Jun. 9 , 2021
Chinese LiDAR maker Hesai closes $300 million plus Series D financing
Chinese LiDAR maker Hesai closes $300 million plus Series D financing

Hesai, a Shanghai-based LiDAR manufacturer, announced on June 8 the completion of its Series D funding with over $300 million raised. The latest financing round was led by GL Ventures, Xiaomi, Meituan, and CITICPE.

Jun. 8 , 2021