Market & Industry
Enovate’s first production model ME7 rolls off production line
Enovate’s first production model ME7 rolls off production line

Enovate’s first pure electric model ME7 rolled off the production line at the startup’s Shaoxing plant on 28 December.

Dec. 31 , 2019
First China-built Lincoln-branded model available for presale
First China-built Lincoln-branded model available for presale

The all-new Lincoln Corsair, the first China-built Lincoln-branded model, has been available for pre-order with prices ranging between RMB248,000 and RMB350,000, according to Lincoln’s WeChat account.

Dec. 31 , 2019
GWM-BMW’s JV Spotlight Automotive granted business license
GWM-BMW’s JV Spotlight Automotive granted business license

Spotlight Automotive Co.,Ltd, a 50:50 joint venture between China’s Great Wall Motor (GWM) and Germany’s BMW Group, has been granted business license by the market regulation administration of Zhangjiagang, Jiangsu province.

Dec. 31 , 2019
BYD sets up three subsidiaries
BYD sets up three subsidiaries

BYD established three subsidiaries on December 24 and 25, each of which has a registered capital of 100 million yuan ($14.3 million).

Dec. 30 , 2019
FAW-Volkswagen 2019 YTD production and sales both exceed 2 mln units
FAW-Volkswagen 2019 YTD production and sales both exceed 2 mln units

FAW-Volkswagen becomes the first and only passenger vehicle producer in 2019 whose production and sales were over 2 million units respectively.

Dec. 30 , 2019
Hainan releases car-sharing scheme, to launch 6,000 shared cars by 2022
Hainan releases car-sharing scheme, to launch 6,000 shared cars by 2022

On December, 26, Hainan province government issued a pilot scheme for shared mobility service from 2019 to 2025 with an aim to have 6,000 shared cars by 2022 and 10,000 units by 2025 in the well-known tourist province.

Dec. 30 , 2019