Market & Industry
Faraday Future to furlough additional employees due to severe cash flow difficulty
Faraday Future to furlough additional employees due to severe cash flow difficulty

EV startup Faraday Future (FF) announced on December 4 that it plans to furlough more employees due to its severe cash flow issues caused by the ongoing spat with its major investor Evergrande Health.

Dec. 5 , 2018
Lexus gains YoY sales growth in China for 5 straight months
Lexus gains YoY sales growth in China for 5 straight months

Lexus reported a year-on-year (YoY) sales jump of 24% with 148,976 vehicles delivered in China from January to November, which has already outnumbered the 132,864 units of aggregated sales last year.

Dec. 4 , 2018
JLR China President Pan Qing to be acting President of JLR China, CJLR IMSS
JLR China President Pan Qing to be acting President of JLR China, CJLR IMSS

Pan Qing, president of JLR China and a member of global board of management of JLR, will become acting President of JLR China and Chery Jaguar Land Rover (CJLR) Integrated Marketing Sales and Service from December 31, 2018.

Dec. 4 , 2018
China's car parc reaches 325 million at the beginning of December
China's car parc reaches 325 million at the beginning of December

China’s Ministry of Public Security released the latest national car population data on the 7th National Transportation Safety Day. China car parc reached 325 million as of December 2nd, 2018, increasing 15.56 million more than that at the end end of

Dec. 3 , 2018
BENTELER, Changan Automobile inaugurate new JV plant in Chongqing
BENTELER, Changan Automobile inaugurate new JV plant in Chongqing

On November 28th, BENTELER Automotive, the automotive arm of the Germany-based BENTELER International AG, opened a new joint venture (JV) plant in Chongqing, China, along with Jian’an, a subsidiary of Changan Automobile.

Dec. 3 , 2018
Beijing Benz said to produce all-new Mercedes-Benz B-class with annual capacity of 40,000 units
Beijing Benz said to produce all-new Mercedes-Benz B-class with annual capacity of 40,000 units

Beijing Benz is expected to locally produce the all-new Mercedes-Benz B-class sedan with a planned annual capacity of 40,000 units, according to local media.

Dec. 3 , 2018