Market & Industry
BYD Semiconductor raises 1.9 billion yuan from 14 investors
BYD Semiconductor raises 1.9 billion yuan from 14 investors

BYD announced on May 26 the introduction of strategic investors of BYD Semiconductor, a subsidiary of BYD, another significant progress in seeking for an independent listing after the semiconductor unit’s internal restructuring.

May 27 , 2020
Wuling to begin presale of vehicle carrying silver global logo at Chengdu Motor Show
Wuling to begin presale of vehicle carrying silver global logo at Chengdu Motor Show

SAIC-GM-Wuling (SGMW) plans to kick off the presale of the “Victory”, the first vehicle bearing Wuling’s silver global badge, at the 2020 Chengdu Motor Show, which will be held between July 24 and August 2.

May 26 , 2020
China to orderly ease NEV contract manufacturing: MIIT minister
China to orderly ease NEV contract manufacturing: MIIT minister

China’s Ministry of Industry and Information Technology (MIIT) will orderly remove the restriction on the contract manufacturing of new energy vehicles (NEVs), Miao Wei, minister of the MIIT, said on May 25.

May 26 , 2020
Huawei to buy NEV decelerators from FULIN P.M., but has no plans to make cars
Huawei to buy NEV decelerators from FULIN P.M., but has no plans to make cars

Huawei reaffirmed that it has no plans to makes cars, responding to a Sichuan-based automotive engine parts supplier’s announcement which shows it will furnish Huawei with some NEV-related components.

May 25 , 2020
Tianjin adds 35,000 license plates in 2020 as part of sales boost efforts
Tianjin adds 35,000 license plates in 2020 as part of sales boost efforts

Tianjin has added 35,000 license plates of non-commercial cars to its 2020 annual quotas to spur automobile sales, according to a document issued by Tianjin Municipal Government on May 20.

May 22 , 2020
Changan PSA renamed Shenzhen Baoneng Motor
Changan PSA renamed Shenzhen Baoneng Motor

Changan PSA Automobiles Co., Ltd.(CAPSA), formerly a 50:50 joint venture between Chongqing Changan Automobile and Groupe PSA, has been renamed Shenzhen Baoneng Automobile Co.,Ltd.

May 22 , 2020