Market & Industry
NIO said to launch supercharger stations in April
NIO said to launch supercharger stations in April

China-based startup NIO is ready to launch supercharger stations in April and officially open its “one click for power” service in the near future to further facility the EV charging for consumers, according to local media outlets.

Mar. 28 , 2019
China’s JV-owned, self-owned car brands lower prices prior to VAT drop
China’s JV-owned, self-owned car brands lower prices prior to VAT drop

FAW-VW, SAIC-Volkswagen’s Skoda and MG recently said they would lower their suggested retail prices in China following 7 premium car brands who had already announced price cut decisions before China’s VAT drop policy officially comes into effect.

Mar. 27 , 2019
BAIC Motor, Daimler increase registered capital of Beijing Benz with $892.8 million
BAIC Motor, Daimler increase registered capital of Beijing Benz with $892.8 million

BAIC Motor, Daimler AG and Daimler Greater China Ltd. (DGRC), agreed on March 26 to make further capital contributions with a total of $892,837,903 based on their respective proportion in the current registered capital of Beijing Benz.

Mar. 27 , 2019
BYD partners with Huawei for ICV, autonomous driving, smart monorail
BYD partners with Huawei for ICV, autonomous driving, smart monorail

On March 25,BYD signed a strategic cooperation agreement with Huawei, to co-boost the innovation of automobile and rail transit, and digital transformation of automotive industry.

Mar. 26 , 2019
FAW-Volkswagen’s third sub-brand Jetta launched in Chengdu on March 22
FAW-Volkswagen’s third sub-brand Jetta launched in Chengdu on March 22

On March 22, FAW Volkswagen officially launched its third sub-brand Jetta in Chengdu and three new models under the new brand—the VA3 sedan, the VS5 SUV and the VS7 SUV were unveiled at the same time.

Mar. 25 , 2019
Lotus’s first China-made model said to be produced in Geely’s Wuhan plant
Lotus’s first China-made model said to be produced in Geely’s Wuhan plant

Lotus, a British sports car brand 51%-owned by China’s Geely, will see its first China-made model manufactured in Geely’s Wuhan vehicle plant, An Conghui, president and CEO of Geely Auto Group, revealed on March 21.

Mar. 25 , 2019