Market & Industry
22 auto-related companies enter 2019 Fortune China Top 500 List
22 auto-related companies enter 2019 Fortune China Top 500 List

There were a total of 22 automotive companies (including OEMs and auto parts suppliers) entered the 2019 Fortune China Top 500 list, two companies less than that of the previous year.

Jul. 16 , 2019
EV battery supplier CATL says H1 net profit likely to surge 120%-150% year on year
EV battery supplier CATL says H1 net profit likely to surge 120%-150% year on year

Chinese EV battery maker CATL forecast a net profit of RMB2,004,099,400 to RMB2,277,385,700 attributable to shareholders of the public company for the first half of 2019, a year-on-year leap of 120% to 150%.

Jul. 15 , 2019
Changan Automobile forecasts 218.04% to 261.53% year-on-year plunge in 2019 semi-annual net profit
Changan Automobile forecasts 218.04% to 261.53% year-on-year plunge in 2019 semi-annual net profit

Changan Automobile released a review of its 2019 semi-annual performance on July 15, with an expected net loss of around RMB1.9 billion to RMB2.6 billion attributable to shareholders of the public company, plunging 218.04% to 261.53% year on year.

Jul. 15 , 2019
BYD Song Pro 5-seater SUV hits market with prices starting RMB89,800
BYD Song Pro 5-seater SUV hits market with prices starting RMB89,800

BYD’s new 5-seater SUV, the Song Pro, is about to hit the market tonight. The new model will be offered in three types of powertrain—gasoline-fueled combustion engine, plug-in hybrid system (also known as dual-mode, DM) and all-electric system.

Jul. 11 , 2019
Top 10 China-made PV, car, SUV models by wholesale volume in June
Top 10 China-made PV, car, SUV models by wholesale volume in June

The top 3 PV models by wholesale volume in June—the Lavida, the Sylphy and the Corolla—all suffered double-digit decrease from the previous year. Four SUV models entered the top 10 list, while no MPV model was included.

Jul. 11 , 2019
China to moderately raise required NEV credit ratio for year of 2021, 2022, 2023
China to moderately raise required NEV credit ratio for year of 2021, 2022, 2023

China’s Ministry of Industry and Information Technology (MIIT) issued on July 9 the amendments to the Measures for the Parallel Administration of the Average Fuel Consumption and New Energy Vehicle Credits of Passenger Vehicle Enterprises.

Jul. 11 , 2019