Market & Industry
Baidu’s operational unit adds automobile electronics, IoV R&D into business scope
Baidu’s operational unit adds automobile electronics, IoV R&D into business scope

Beijing Baidu Netcom Technology Co.,Ltd, the major operational unit of Chinese search engine giant Baidu, has added several automobile-related businesses into its business scope registered in China’s administrative agency.

Oct. 24 , 2019
JAC Motors projected to gain 159% growth in Jan.-Sept. net profit
JAC Motors projected to gain 159% growth in Jan.-Sept. net profit

​JAC Motors reported earlier this month a predicted year-on-year surge in the net profit for the first three quarters despite its sales downturn.

Oct. 24 , 2019
BYTON M-Byte SUV’s first pre-production prototype rolls off production line
BYTON M-Byte SUV’s first pre-production prototype rolls off production line

Chinese EV startup BYTON saw its first pre-production prototype of the M-Byte SUV roll off the production line at its Nanjing plant on October 23, according to a posting on the social media platform of Dr. Daniel Kirchert, the startup’s CEO.

Oct. 24 , 2019
GWM sells most pickups in China in September
GWM sells most pickups in China in September

Great Wall Motor (GWM) sold 13,680 pickups in September, 2019, a year on year growth of 2.6% and 98,270 units in total from Jan. to Sept, up by 0.5%, the company announced.

Oct. 22 , 2019
Two bidders said to compete for Chery’s controlling interests
Two bidders said to compete for Chery’s controlling interests

Chery Holding restarted in September the project to increase companies’ capital by seeking a new investor after failing to find a proper buyer last year. Now, two bidders have reportedly emerged.

Oct. 22 , 2019
Saleen to announce price of MaiMai BEV during China’s “Double 11” shopping spree
Saleen to announce price of MaiMai BEV during China’s “Double 11” shopping spree

Supercar builder Saleen is going to announce the price of its new all-electric microcar called MaiMai via the e-commerce platform Tmall on November 11 amid the world’s largest online shopping festival, also known as “Double 11”.

Oct. 22 , 2019