Market & Industry
BYD Qin Pro to hit market at end of September with presale price from RMB 110,000
BYD Qin Pro to hit market at end of September with presale price from RMB 110,000

BYD recently released the presale price for the Qin Pro, whose gasoline-powered version and DM version will be priced from RMB 110,000 and RMB 180,000 respectively. The new model will start presale on Sept. 5.

Aug. 28 , 2018
Dongfeng sees net profit surge 116% to RMB 291 million in H1
Dongfeng sees net profit surge 116% to RMB 291 million in H1

Dongfeng Motor Corporation (Dongfeng) posted revenue of RMB 5.789 billion during the first half of 2018. Its net profit attributable to shareholders of listed company reached RMB 291 million, soaring 116.1% from a year ago.

Aug. 28 , 2018
Geely Vision X3 Anniversary Edition hits market, priced at RMB 67,900
Geely Vision X3 Anniversary Edition hits market, priced at RMB 67,900

To celebrate the one-year anniversary of Geely Vision X3 SUV’s presence in the domestic market, Geely Auto has launched a special version called the Vision X3 Anniversary Edition, priced at RMB 679,000.

Aug. 28 , 2018
BYD to set up power battery base in Chongqing with annual capacity of 20GWh
BYD to set up power battery base in Chongqing with annual capacity of 20GWh

Chinese automaker BYD and local government of Chongqing Bishan District signed an investment cooperation agreement on August 23, planning to invest RMB 10 billion in building a power battery program with an annual capacity of 20GWh.

Aug. 27 , 2018
Didi Chuxing announces shut of hitching service, lays off two senior executives
Didi Chuxing announces shut of hitching service, lays off two senior executives

Didi Chuxing (Didi) announced that it shuts the “hitching” service countrywide starting from August 27 and has laid off two senior executives after a Didi driver had raped and murdered a female passenger.

Aug. 27 , 2018
CATL H1 revenue soars 48.69% year on year to RMB 9.36 billion
CATL H1 revenue soars 48.69% year on year to RMB 9.36 billion

China battery giant CATL announced on Aug. 23 that its revenue in the first half of 2018 soared 48.69% over the previous year to RMB 9.3595807 billion.

Aug. 27 , 2018