Market & Industry
SAIC-GM-Wuling announces 2020 plan
SAIC-GM-Wuling announces 2020 plan

SAIC-GM-Wuling Automobile will concentrate on four sectors, namely Wuling brand, New Baojun brand, Baojun brand and new energy segment this year.

Jan. 8 , 2020
Changan Automobile’s Dec. sales soar 31% YoY, YTD sales show contracted decline
Changan Automobile’s Dec. sales soar 31% YoY, YTD sales show contracted decline

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said its new vehicle sales in December 2019 soared 31% over a year ago to 193,716 units, maintaining the growth from November.

Jan. 7 , 2020
Tesla announces start of Model Y’s local production in China
Tesla announces start of Model Y’s local production in China

Tesla formally kicked off the large-scale delivery of its China-made Model 3 sedans on January 7 at its Shanghai plant. Meanwhile, the project of the Model Y is to be launched there, according to a living video broadcast from Tesla’s Weibo account.

Jan. 7 , 2020
BAIC Group hits 2019 revenue target of RMB500 billion
BAIC Group hits 2019 revenue target of RMB500 billion

​BAIC Group announced, on the second day of this year, its 2019 revenue reached over 500 billion yuan ($71.7 billion), versus roughly 480 billion yuan ($68.8 billion) in 2018.

Jan. 7 , 2020
FAW invests RMB 470 mln to produce more Hongqi-branded vehicles
FAW invests RMB 470 mln to produce more Hongqi-branded vehicles

FAW Group plans to invest roughly 470 million yuan ($67.4 million) in upgrading the production line to further increase the annual capacity of its premium Hongqi brand to 184,000 units.

Jan. 7 , 2020
BYTON and Marubeni Corporation Strike a Strategic Partnership with further progress in Series C Financing
BYTON and Marubeni Corporation Strike a Strategic Partnership with further progress in Series C Financing

Today, BYTON and Marubeni Corporation announced a strategic partnership. Marubeni will become a partner in BYTON’s Series C financing.

Jan. 6 , 2020