Market & Industry
BMW Brilliance builds world’s first 5G-based car manufacturing base
BMW Brilliance builds world’s first 5G-based car manufacturing base

BMW Brilliance Automotive Ltd (BBA) announced on July 22 it has achieved full 5G coverage at its Shenyang plants with a transmission speed of up to 1Gbps, the world’s first-of-its-kind 5G-based car production base.

Jul. 23 , 2019
BAIC Group takes 5% stake in Daimler AG for cooperation step-up
BAIC Group takes 5% stake in Daimler AG for cooperation step-up

Chinese state-owned automaker Beijing Automotive Group Co.,Ltd (BAIC Group) announced on July 23 it has plowed investment in Daimler AG, a Stuttgart-based auto company who owns Mercedes-Benz, to cement their long-term strategic cooperation.

Jul. 23 , 2019
Geely Holding Rises to 220th Place in Fortune Global 500
Geely Holding Rises to 220th Place in Fortune Global 500

Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology company, rose 47 places in the 2019 Fortune Global 500 to 220th after its last year’s revenues reached US$49.665 billion.

Jul. 23 , 2019
Continental Celebrates Grand Opening of Powertrain Plant Expansion in Wuhu
Continental Celebrates Grand Opening of Powertrain Plant Expansion in Wuhu

Technology company Continental has announced the official opening of its new Powertrain plant in Wuhu, China.

Jul. 22 , 2019
WM Motor says number of car insured totals 8,536 units for the first half
WM Motor says number of car insured totals 8,536 units for the first half

WM Motor saw the number of vehicles insured reach 8,536 units for the first half of the year, ranking No.1 among Chinese EV startups, the EV manufacturer said on July 19.

Jul. 22 , 2019
Great Wall Motors forecasts RMB1.53 bln in semi-annual net profit, reduces 2019 sales goal to 1.07 mln units
Great Wall Motors forecasts RMB1.53 bln in semi-annual net profit, reduces 2019 sales goal to 1.07 mln units

Great Wall Motors expected a semi-annual operating income of RMB41.38 billion for the year of 2019, the automaker announced on July 19.

Jul. 19 , 2019