Market & Industry
Billionaire Li Shufu: Geely’s R&D expense totals nearly RMB100 billion in recent decade
Billionaire Li Shufu: Geely’s R&D expense totals nearly RMB100 billion in recent decade

Zhejiang Geely Holding Group (Geely) poured over RMB21 billion into R&D businesses in 2018, accounting for nearly 6.4% of the group’s annual sales revenue, said Li Shufu, the founder and chairman of Geely.

Sep. 23 , 2019
World’s first autonomous driving commercial license issued by Wuhan
World’s first autonomous driving commercial license issued by Wuhan

Wuhan, capital of China’s Hubei Province, has become the world’s first city that issued commercial licenses allowing companies to conduct trial operation of passenger-carrying self-driving cars, according to a local media outlet.

Sep. 23 , 2019
BAIC EU7 hits the market with post-subsidy price starting RMB159,900
BAIC EU7 hits the market with post-subsidy price starting RMB159,900

The BAIC EU7, BAIC BJEV’s all-new mid-sized sedan model, formally hit the market on September 19.

Sep. 23 , 2019
DFAC issues brand value system
DFAC issues brand value system

DFAC released the strategy of Dongfeng LV and its brand value system is established.

Sep. 19 , 2019
FAW-Volkswagen’s Foshan plant said to produce e-tron Sportback
FAW-Volkswagen’s Foshan plant said to produce e-tron Sportback

In recent days, local media outlets revealed that the joint venture with FAW Group will put a new C-segment all-electric SUV model into mass production at its plant in Foshan, Guangdong province.

Sep. 19 , 2019
BMW Brilliance to have over 1 million-unit annual capacity after two bases’ extension
BMW Brilliance to have over 1 million-unit annual capacity after two bases’ extension

BMW Brilliance Automotive Ltd is striving to increase its total capacity to 1.4 million units annually through two on-going extension projects.

Sep. 18 , 2019