Market & Industry
Volkswagen sets up new energy tech JV in China with FAW Group, JAC Motors
Volkswagen sets up new energy tech JV in China with FAW Group, JAC Motors

Volkswagen (China) Investment Company Limited on May 16 jointly founded a new energy technology subsidiary in China with Jiangsu Wanbang Dehe New Energy Technology Co.,Ltd, a 99.62%-owned subsidiary of FAW Group and JAC Motors, according to qichacha.

May 21 , 2019
GAC NIO unveils new NEV offshoot dubbed HYCAN on May 20
GAC NIO unveils new NEV offshoot dubbed HYCAN on May 20

On May 20, GAC NIO New Energy Automotive Co.,Ltd (GAC NIO) launched an all-new car brand dubbed HYCAN in Hangzhou, the capital of China’s Zhejiang Province, according to the automaker.

May 20 , 2019
Summary of premium car brands’ China sales in April
Summary of premium car brands’ China sales in April

According to the China Passenger Car Association (CPCA), China’s premium car brands’ retail sales in April edged up 2.1% to 167,360 units. From January to April, a total of 674,753 premium cars were delivered in China with a growth of 4.5%.

May 20 , 2019
Personnel changes at Mercedes-Benz Cars
Personnel changes at Mercedes-Benz Cars

Jan Madeja will be Head of the Chinese sales company for passenger cars, Beijing Mercedes-Benz Sales Service.

May 17 , 2019
BYD e2 & S2 expected to hit the market in second half
BYD e2 & S2 expected to hit the market in second half

More new product roll-out plan for Chinese automaker BYD were disclosed in recent days by local media outlets, including two EV models, the BYD e2 and S2, and a new MPV model to be launched in the second half of 2019.

May 17 , 2019
Lynk & Co 03+ to make debut at 2019 Innovative Auto Show on June 1
Lynk & Co 03+ to make debut at 2019 Innovative Auto Show on June 1

Lynk & Co, a car brand spawned from the relationship between China’s Geely and Sweden’s Volvo, is going to launch the Lynk & Co03+ at the 2019 IAS (Innovative Auto Show) kicking off on June 1, according to the carmaker.

May 17 , 2019