Market & Industry
BYD’s Feb. sales surge 280.42% YoY, while tumble 50.65% MoM
BYD’s Feb. sales surge 280.42% YoY, while tumble 50.65% MoM

BYD’s new car sales in February reached 20,927 units, skyrocketing 280.42% year on year due to the low base for the coronavirus-hit year-ago period, while plunging 50.65% month on month mainly because of the Spring Festival holiday.

Mar. 5 , 2021
NIO Holding, JAC Motors to set up joint venture in Hefei
NIO Holding, JAC Motors to set up joint venture in Hefei

The Anhui-based automaker JAC Motors and NIO Holding Ltd. signed on March 4 a letter of intent for the establishment of a joint venture in Hefei, where NIO China is headquartered, according to JAC Motors’ announcement.

Mar. 4 , 2021
Geely-Daimler JV’s assembly plant said to be located in Xi’an
Geely-Daimler JV’s assembly plant said to be located in Xi’an

The joint venture co-built by Daimler’s Mercedes-Benz AG and Zhejiang Geely Holding Group for smart brand locates its car assembly plant in Xi’an, capital of Shaanxi province, according to a local media outlet.

Mar. 4 , 2021
Patent images of Evergrande’s seven-seater MPV Hengchi 4 leaked
Patent images of Evergrande’s seven-seater MPV Hengchi 4 leaked

Evergrande announced in August 2020 the first six models to be offered under the Henchi brand. They are numbered rather simply from 1 to 6 (Hengchi 1 to Hengchi 6) and include various body styles from sedans to SUVs and a MPV, namely the Hengchi 4.

Mar. 3 , 2021
Baidu, Geely’s EV joint venture formally registered
Baidu, Geely’s EV joint venture formally registered

The EV joint venture between Baidu and Geely, was founded on Mar. 2, according to the corporate data platform Qichacha, indicating the car-building cooperation between the Internet giant and the automaker has been further firmed up.

Mar. 2 , 2021
Huawei, BAIC BluePark first jointly-developed model to make debut in April
Huawei, BAIC BluePark first jointly-developed model to make debut in April

The new vehicle will be equipped with Huawei’s 3 automotive-grade LiDARs, 6 millimeter-wave radars, 12 cameras, 13 ultrasonic radars as well as Huawei’s chips with 352 TOPS of computing power.

Mar. 2 , 2021