In January, automakers in China sold a total of 1,606,668 locally-produced PVs (hereby referring to cars, MPVs, SUVs and minibuses), a year-on-year decrease of 21.6% and a month-on-month drop of 27.3%, according to the CPCA.
Feb. 19 , 2020
On Feb. 18, a "we media" platform exposed via its WeChat account that Geely, China's biggest indigeous automaker, plans to pump $RMB300 million in the EV startup NIO. As of press time, both NIO and Geely declined to comment.
Feb. 18 , 2020
SAIC Motor saw its sales in January tumbled 34.55% over a year ago, versus the estimated 18% drop in the industry’s total reported by the China Association of Automobile Manufacturers (CAAM).
Feb. 18 , 2020
NIO will issue and sell convertible notes in an aggregate principal amount of US$100 million to two unaffiliated Asia-based investment funds through private placement.
Feb. 15 , 2020
GAC Group announced it sold 176,271 new vehicles in January, a decrease of 15.94% compared to the same period in 2019.
Feb. 14 , 2020
Geometry, a BEV brand of Geely Auto Group, announced on the Valentine's Day its first SUV model is named “Geometry C”.
Feb. 14 , 2020