Market & Industry
BYD records YoY slump of 42.03% in 2019 net profit
BYD records YoY slump of 42.03% in 2019 net profit

Chinese automaker BYD released on March 31 its financial results in 2019.

Mar. 31 , 2020
China’s Vehicle Inventory Alert Index drops to 59.3% in March
China’s Vehicle Inventory Alert Index drops to 59.3% in March

China's VIA (Vehicle Inventory Alert Index) stood at 59.3% in March, a month-on-month drop of 27 percentage points, mainly thanks to the effective containment over the novel coronavirus, according to the China Automobile Dealers Association (CADA).

Mar. 31 , 2020
BAIC Motor reports profit of RMB4.083 billion, down by 7.8%
BAIC Motor reports profit of RMB4.083 billion, down by 7.8%

BAIC Motor, BAIC Group’s Hong Kong listed subsidiary, announced its 2019 net profit attributable to equity holders slid 7.8% from the year-ago period to RMB4.083 billion, and the basic earnings per share dropped 9.1% to RMB0.5.

Mar. 31 , 2020
BYD launches blade battery to “put end to spontaneous combustions in EVs”
BYD launches blade battery to “put end to spontaneous combustions in EVs”

On March 29, China’s leading NEV manufacturer BYD formally launched the “blade battery”, a new type of new lithium iron phosphate battery (LFP battery) that will largely increase the energy density of battery pack with greater safety.

Mar. 30 , 2020
GAC Honda to absorb export-focused subsidiary, adding capacity by 50,000 cars per year
GAC Honda to absorb export-focused subsidiary, adding capacity by 50,000 cars per year

GAC Honda, a joint venture between Chinese automaker GAC Group and Japan-based Honda, on March 29 announced it will absorb its wholly-owned subsidiary, Honda Automobile (China) Co.,Ltd. (CHAC), effective from April 1.

Mar. 30 , 2020
NIO updates the service system of NIO power charging solution
NIO updates the service system of NIO power charging solution

On March 27, Shen Fei, Vice President of Power Management at NIO, launched on behalf of the startup the newest service system of NIO Power, which is rechargeable, replaceable and upgradeable.

Mar. 27 , 2020