Market & Industry
Geely’s all-new BMA-based SUV ICON to go on sale on Valentine's Day
Geely’s all-new BMA-based SUV ICON to go on sale on Valentine's Day

The ICON, Geely Auto’s second BMA (B-segment Modular Architecture)-based SUV, will formally hit the market on this year’s Valentine's Day, as the automaker tries to express the blessing of “falling in love with technology”.

Jan. 2 , 2020
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said it has agreed to sell 50% stake in a joint venture with Groupe PSA to a subsidiary of Baoneng Automobile Co.,Ltd at a value of RMB1.63 billion.

Jan. 2 , 2020
Baidu wins 40 licenses to test self-driving vehicles carrying passengers
Baidu wins 40 licenses to test self-driving vehicles carrying passengers

Chinese multinational technology company Baidu announced on December 30 it was granted 40 road test licenses for passenger-carrying autonomous driving by regulators in Beijing.

Dec. 31 , 2019
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant

On December 30, the first pre-production car under ARCFOX, a premium BEV brand of BAIC BJEV, officially rolled off the production line at the Zhenjiang plant co-founded by BAIC and Magna.

Dec. 31 , 2019
NIO Capital’s US dollar fund closes first fundraising of over $200 million
NIO Capital’s US dollar fund closes first fundraising of over $200 million

NIO Capital, an investment firm founded by leading Chinese EV maker NIO, announced on December 30 its US dollar fund (Eve ONE L.P.) has completed the first fundraising with over $200 million collected from a number of world’s leading investors.

Dec. 30 , 2019
Tesla hands over first batch of Shanghai-built Model 3 cars to employees
Tesla hands over first batch of Shanghai-built Model 3 cars to employees

On December 30, the first batch of China-built Tesla is handed over to 15 Tesla employees at the startup’s first manufacturing plant outside the U.S.—Shanghai-based Gigafactory 3, Tesla announced via its social media platform.

Dec. 30 , 2019