Market & Industry
XPENG Motors announces US$400 million Series C capital funding
XPENG Motors announces US$400 million Series C capital funding

​Xpeng Motors today announced the signing of its Series C capital funding of US$400 million from a group of strategic and institutional investors.

Nov. 13 , 2019
Evergrande shocks auto industry by partnering with 60 suppliers
Evergrande shocks auto industry by partnering with 60 suppliers

Evergrande Group once again astonished the automobile industry with an epic summit held on November 12.

Nov. 12 , 2019
GWM starts construction of Taizhou vehicle plant
GWM starts construction of Taizhou vehicle plant

Great Wall Motor(GWM) hosted a ceremony to mark the start of the construction of its eighth vehicle plant on November 11.

Nov. 12 , 2019
China’s auto market posts contracted decrease in Jan.-Oct. sales
China’s auto market posts contracted decrease in Jan.-Oct. sales

In October, China's auto outputs and sales amounted to roughly 2.295 million units and 2.284 million units, dropping 1.7% and 4% compared with the same period a year ago.

Nov. 11 , 2019
SAIC Motor reports sliding sales for first ten months
SAIC Motor reports sliding sales for first ten months

SAIC Motor has been suffering year-on-year sales drop for 14 consecutive months as of October, 2019.

Nov. 11 , 2019
Mercedes-Benz-styled Denza X to hit market at Auto Guangzhou
Mercedes-Benz-styled Denza X to hit market at Auto Guangzhou

​Denza has recently released a test video of its new model Denza X. The Shenzhen-based EV maker said it would introduce the SUV to the market at the 2019 Guangzhou Auto Show at the end of this month.

Nov. 11 , 2019