Market & Industry
Auto dealership China Grand Auto to form JV with State-Grid’s subsidiary for NEV charging service
Auto dealership China Grand Auto to form JV with State-Grid’s subsidiary for NEV charging service

China Grand Auto, the Chinese biggest auto dealership, announced on Nov. 19 the plan of building a joint venture with State Grid Electric Vehicle Service Co., Ltd. (State Grid EV) to co-develop NEV charging business and relevant after-sale services.

Nov. 20 , 2019
BYD’s Ningxiang battery factory said to start production in 2020
BYD’s Ningxiang battery factory said to start production in 2020

BYD's 12 single buildings of its Ningxiang plant are supposed to be completed fundamentally before the Spring Festival of 2020 and the automaker strives to enable the factory to start production in December next year.

Nov. 20 , 2019
Hongqi E115 to make its domestic debut at Auto Guangzhou
Hongqi E115 to make its domestic debut at Auto Guangzhou

Hongqi, a brand under China's state-owned automaker FAW Group, will showcase its concept model—the large-sized all-electric SUV code-named E115—at the forthcoming Auto Guangzhou 2019.

Nov. 20 , 2019
China’s auto sales in 2020 forecasted to rise 1%, CPCA
China’s auto sales in 2020 forecasted to rise 1%, CPCA

China’s auto market is going to maintain a high-quality development with both auto sales and PV sales in 2020 forecasted to rise 1% year on year, Cui Dongshu, secretary general of the China Passenger Car Association (CPCA) said on November 16.

Nov. 19 , 2019
Chinese-specific automobile test cycle likely to be implemented starting 2021
Chinese-specific automobile test cycle likely to be implemented starting 2021

The China Automotive Testing Cycle standard applicable to light-duty vehicles and heavy-duty commercial vehicles were announced by China’s authorities in late October.

Nov. 19 , 2019
NIO Inc. Appoints New Chief Financial Officer
NIO Inc. Appoints New Chief Financial Officer

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that Mr. Wei Feng is joining the Company as its new chief financial officer (CFO), effective November 18, 2019.

Nov. 18 , 2019