Market & Industry
FAW Group, Siemens agree strategic cooperation to build digital plant for Hongqi
FAW Group, Siemens agree strategic cooperation to build digital plant for Hongqi

FAW Group and Siemens signed a strategic cooperation agreement on March 25 to build an advanced digital plant for Hongqi, a premium car brand owned by the China’s state-owned automaker.

Mar. 27 , 2019
Summary: mainstream premium car brands’ China sales in February
Summary: mainstream premium car brands’ China sales in February

The China Passenger Car Association (CPCA) reported that China’s premium car sales in February declined 2.9% from a year ago.

Mar. 26 , 2019
FAW-Volkswagen to produce 1.5T engine as replacement of 1.4T engine
FAW-Volkswagen to produce 1.5T engine as replacement of 1.4T engine

FAW-Volkswagen is expected to manufacture the all-new EA211 1.5T Evo engine at its Chengdu engine factory in 2022, according to local media outlets.

Mar. 26 , 2019
Great Wall Motor gains 3.58% YoY growth in 2018 net profit attributable to shareholders
Great Wall Motor gains 3.58% YoY growth in 2018 net profit attributable to shareholders

Great Wall Motor (GWM)'s net profit attributable to shareholders climbed 3.58% over a year ago to around RMB5.21 billion. , according to the annual report released by the automaker on March 22.

Mar. 25 , 2019
FAW-Toyota increases TNGA plant capacity by 120,000 units per year
FAW-Toyota increases TNGA plant capacity by 120,000 units per year

FAW-Toyota officially put the second phase of its TNGA (Toyota New Global Architecture) plant into construction on March 22 with the annual car capacity increased to 220,000 units from 100,000 units, according to local media outlets.

Mar. 22 , 2019
CHJ Automotive to accept LEADING IDEAL ONE orders on April 10
CHJ Automotive to accept LEADING IDEAL ONE orders on April 10

China’s EV startup CHJ Automotive is ready to announce the price of the LEADING IDEAL ONE and start to accept orders of the new model on April 10.

Mar. 22 , 2019