Market & Industry
Registered capital of NIO China’s legal entity leap to 3.85 billon yuan
Registered capital of NIO China’s legal entity leap to 3.85 billon yuan

The registered capital of NIO (Anhui) Holding Co.,Ltd., the legal entity of NIO China, has increased to 3.851 billion yuan ($540.605 million) from 11 million yuan ($1,544,184), and has introduced one more shareholder.

Jun. 4 , 2020
Lincoln’s China sales jump 22% in May after China-built SUV hits the market
Lincoln’s China sales jump 22% in May after China-built SUV hits the market

Lincoln saw its China sales in May exceeded 5,000 units, which soared 39% month on month and jumped 22% year on year, the Ford-owned premium car brand announced earlier this week.

Jun. 4 , 2020
Changan, FAW, Dongfeng set up new company
Changan, FAW, Dongfeng set up new company

A new company has been recently established with a registered capital of 16 billion yuan by five shareholders.

Jun. 4 , 2020
Geely said to acquire 15.24% stake in CV maker Hualing Xingma Automobile
Geely said to acquire 15.24% stake in CV maker Hualing Xingma Automobile

Geely, a Chinese highest-profile privately owned automaker, might acquire 15.24% stake in Hualing Xingma Automobile, an Anhui-based commercial vehicle manufacturer listed on Shanghai Stock Exchange, a local media outlet revealed on June 3.

Jun. 3 , 2020
Honda says China auto deliveries edge down 1.7% year on year in May
Honda says China auto deliveries edge down 1.7% year on year in May

Honda announced that its automobile deliveries in China edged down 1.7% from a year ago to 134,230 units in May, while jumped 18.3% compared to April.

Jun. 3 , 2020
FAW’s Mazda business unit formally begins operation
FAW’s Mazda business unit formally begins operation

FAW Group’s independent business unit set for Mazda brand officially started operation on June 1, and it will take over the whole operational businesses of the Sino-Japanese brand from FAW Car Co., Ltd, according to the Chinese state-owned automaker.

Jun. 3 , 2020