Market & Industry
BYD Semiconductor to raise 800 million yuan from 30 investors
BYD Semiconductor to raise 800 million yuan from 30 investors

BYD Company Limited (BYD) announced on June 15 its subsidiary BYD Semiconductor Co.,Ltd. has introduced another 30 strategic investors, which will give it significant impetus to the process of becoming a publicly-listed company.

Jun. 16 , 2020
Great Wall Motor, Spotlight ink framework agreement for R&D, product development services
Great Wall Motor, Spotlight ink framework agreement for R&D, product development services

Great Wall Motor and Spotlight signed on June 12 a framework agreement for the transactions of product development, plant construction and management, manufacturing technique development, product procurement and consultation service.

Jun. 16 , 2020
NIO refutes online rumor about JAC-NIO plant’s fire
NIO refutes online rumor about JAC-NIO plant’s fire

Chinese EV startup NIO on June 14 refuted an online rumor which said a fire took place at the JAC-NIO production base in Hefei, where NIO’s ES8 and ES6 SUVs are manufactured.

Jun. 15 , 2020
GAC Honda releases images of new-gen FIT
GAC Honda releases images of new-gen FIT

The presale will start in July before its official sales in August.

Jun. 12 , 2020
Beijing to newly install at least 50,000 EV charging piles by 2022
Beijing to newly install at least 50,000 EV charging piles by 2022

Beijing attempts to newly build no fewer than 50,000 EV charging piles and roughly 100 battery swapping stations by 2022, as part of action plans designed for a quicker move on constructing the so-called “new infrastructures”.

Jun. 12 , 2020
JAC Motors' parent firms up cooperation with Volkswagen Group
JAC Motors' parent firms up cooperation with Volkswagen Group

Anhui Jianghuai Automobile Group Holdings Limited (JAC Holdings), the parent company of JAC Motors, has inked an investment agreement with Volkswagen (China) Investment Co., Ltd. to further firm up the cooperation intention formed at the end of May.

Jun. 11 , 2020