Market & Industry
Chery Holding gains at least RMB10 billion worth of credit line from China Everbright Bank
Chery Holding gains at least RMB10 billion worth of credit line from China Everbright Bank

On May 23, Chery Holdings Co.,Ltd signed a strategic cooperation agreement with China Everbright Bank for a credit line worth over RMB10 billion.

May 27 , 2019
Locally produced Volvo XC40 hits China with price starting RMB264,800
Locally produced Volvo XC40 hits China with price starting RMB264,800

The China-made Volvo XC40 officially hit China’s market on May 24 with suggested prices ranging between RMB264,800 and RMB385,800.

May 27 , 2019
Startup REECH AUTO joins hands with Changan Automobile to co-manufacture M500 EVs
Startup REECH AUTO joins hands with Changan Automobile to co-manufacture M500 EVs

Shanghai-headquartered EV startup REECH AUTO signed strategic cooperation and joint manufacturing agreements with Changan Automobile on May 24 in Chongqing.

May 24 , 2019
Didi launches intercity carpooling service in Chengdu
Didi launches intercity carpooling service in Chengdu

China’s ride-hailing giant Didi Chuxing has launched an intercity car-pooling service in Chengdu, the capital of China’s Sichuan Province, running along two routes between Jintang County and Pidu District.

May 23 , 2019
Unofficial study predicts China’s timetable for phasing out traditional ICEVs
Unofficial study predicts China’s timetable for phasing out traditional ICEVs

On May 20, the China Oil Consumption Cap Plan and Policy Research Project released a Study on China's Timetable For Phasing-out Traditional ICE-vehicles, which predicted the phasing-out progress of China’s internal combustion engine vehicles (ICEVs)

May 22 , 2019
Geely Emgrand’s all-new upgraded version fits China 6 Emission Standard
Geely Emgrand’s all-new upgraded version fits China 6 Emission Standard

The Emgrand is a hotter-selling sedan model owned by Geely Auto. An upgraded version that satisfies the China Stage 6 Emission Standard is to be launched on May 29.

May 22 , 2019