Market & Industry
FISITA welcomes Fuquan Zhao as new president
FISITA welcomes Fuquan Zhao as new president

FISITA, the international federation for the automotive mobility engineering profession, welcomed Dr. Frank (Fuquan) Zhao as its new president (from 2018-2020).

Oct. 6 , 2018
Roewe MARVEL X hits market at prices ranging from RMB268,800 to RMB308,800
Roewe MARVEL X hits market at prices ranging from RMB268,800 to RMB308,800

The Roewe MARVEL X intelligent electric SUV officially hit the market on September 30, priced from RMB268,800 to RMB308,800 after the subsidy is given to consumers.

Sep. 30 , 2018
China OTA solution provider ABUP completes Pre-A round of over RMB10 million
China OTA solution provider ABUP completes Pre-A round of over RMB10 million

Shanghai-based tech company Abup Technology Co.,Ltd (ABUP) recently announced the completion of a series Pre-A funding of over RMB10 million, which was led by Cathay CarTech Fund with Huaxing Alpha serving as the exclusive financial adviser.

Sep. 30 , 2018
WM Motor delivers first batch of EX5, to hand over 100,000 EX5 cars next year
WM Motor delivers first batch of EX5, to hand over 100,000 EX5 cars next year

Chinese electric vehicle (EV) startup WM Motor formally delivered the first batch of the EX5 volume car on September 28 in Wenzhou, Zhejiang province.

Sep. 29 , 2018
BYD to take IGBT self-development as core competence
BYD to take IGBT self-development as core competence

Chinese automaker BYD is likely to develop its own IGBT (insulated gate bipolar transistor) technology as the core competency, according to local media.

Sep. 29 , 2018
Summary: 10 major luxury car brands August sales in China
Summary: 10 major luxury car brands August sales in China

In August, Audi retained the championship by sales in China from the previous month. Mercedes-Benz and BMW delivered similar amount of vehicles, both achieving yea-on-year (YoY) growth in August sales.

Sep. 28 , 2018