Market & Industry
FAW’s Hongqi H9 full-sized luxury sedan hit the market
FAW’s Hongqi H9 full-sized luxury sedan hit the market

FAW Hongqi’s H9 full-sized luxury sedan officially hit the market on August 23. With five trim levels offered at one go, the new car model is sold at a price range of 309,800 yuan ($44,772) to 539,800 yuan ($78,011).

Aug. 24 , 2020
Toyota-backed R&D JV for commercial fuel cell system founded in Beijing
Toyota-backed R&D JV for commercial fuel cell system founded in Beijing

United Fuel Cell System R&D (Beijing) Co., Ltd. (FCRD), a significant joint venture announced by Toyota in early June, has been officially registered in Beijing, according to Chinese corporate data platform Tianyancha.

Aug. 23 , 2020
China’s PV retail sales estimated to 1.69 million in August, CPCA
China’s PV retail sales estimated to 1.69 million in August, CPCA

The retail sales of China’s passenger vehicles are expected to increase 8% again in August to 1.69 million units.

Aug. 21 , 2020
Dongfeng’s subsidiary starts constructing new auto parts factory in Shiyan
Dongfeng’s subsidiary starts constructing new auto parts factory in Shiyan

Knorr-Bremse DETC Commercial Vehicle Braking Technology Co.,Ltd. celebrated on August 18 the first spade cut for a new factory in Shiyan, Wuhan province, where Dongfeng Motor’s auto parts industrial park is located.

Aug. 20 , 2020
Xpeng Motors’ affiliated company has registered capital soared 150% to 15 billion yuan
Xpeng Motors’ affiliated company has registered capital soared 150% to 15 billion yuan

Guangdong Xiaopeng Motors Technology Co.,Ltd., a wholly-owned subsidiary of XPeng (Hong Kong) Limited, has seen its registered capital surge to 15 billion yuan ($2,167,191,000) from 6 billion yuan ($866,876,400), according to Tianyancha.

Aug. 19 , 2020
British Lotus’ first SUV to be “made-in-China” at Geely’s Wuhan plant
British Lotus’ first SUV to be “made-in-China” at Geely’s Wuhan plant

Lotus Cars, a majority-owned supercar brand of Zhejiang Geely Holding Group, is going to see its first SUV model, the Lambda, put into mass production in Wuhan, capital of China’s Hubei province, according to a local media outlet.

Aug. 19 , 2020