Market & Industry
China’s NavInfo banks 4 billion yuan from new non-public share issuance
China’s NavInfo banks 4 billion yuan from new non-public share issuance

NavInfo, a leader in China’s navigation map market, said on Feb. 22 it has completed the non-public issuance of 32 million A shares, which will become available for trading on Shenzhen Stock Exchange from Feb. 25, 2021.

Feb. 23 , 2021
China locally-produced PV retail sales in Feb. likely to soar 377% YoY
China locally-produced PV retail sales in Feb. likely to soar 377% YoY

The retail sales of locally-produced PVs (referring to car, SUVs and MPVs) in China are forecasted to reach around 1.19 million units in February, rocketing 377% year on year and sliding 44.9% month on month, according to the CPCA.

Feb. 23 , 2021
SAIC PV, Horizon Robotics team up on developing smart & connected vehicles
SAIC PV, Horizon Robotics team up on developing smart & connected vehicles

SAIC PV claimed on Feb. 22 it entered into an all-around partnership earlier this month with Horizon Robotics, a leading Chinese AI provider, to jointly explore cutting-edge technologies related to auto intelligentization.

Feb. 22 , 2021
China PV wholesales in Jan. 2021: Wuling Hongguang no longer among top 10 PV models
China PV wholesales in Jan. 2021: Wuling Hongguang no longer among top 10 PV models

Among the top 10 China-made PV models by Jan. wholesales, there were seven car models and three SUV models.

Feb. 19 , 2021
Geely Holding, Concordium to set up joint venture for blockchain business
Geely Holding, Concordium to set up joint venture for blockchain business

Geely Holding announced on Feb. 19 it has signed an agreement with Concordium to build a joint venture dedicated to providing business models and DApps based on blockchain platforms for clients from automotive and other industries in China.

Feb. 19 , 2021
Geely’s new CMA-based SUV KX11 named Xingyue L
Geely’s new CMA-based SUV KX11 named Xingyue L

Geely’s all-new CMA-based SUV KX11 is officially named the Xingyue L, Geely Auto announced on Feb. 18 via its WeChat account.

Feb. 19 , 2021