Market & Industry
China’s VIA exceeds warning threshold for 14 straight months
China’s VIA exceeds warning threshold for 14 straight months

By the end of February, China’s VIA has been exceeding an official warning threshold for 14 consecutive months, according to the CADA.

Mar. 4 , 2019
Tesla once again cuts price in China by up to RMB341,100
Tesla once again cuts price in China by up to RMB341,100

The U.S.-based EV maker Tesla once again announced the price cuts on its Model S sedan, Model X SUV and Model 3 sedan in China. Involving 8 models in total, the price slash ranges from RMB11,300 to RMB341,100.

Mar. 1 , 2019
Presale of Lynk & Co 02 high-performance begins with price starting RMB160,000
Presale of Lynk & Co 02 high-performance begins with price starting RMB160,000

The Lynk & Co 02 high-performance version’s presale has officially started on March 1, only eight month after the Lynk & Co 02 hit the market. With 3 variants based on configurators, the new model is priced between RMB160,000 and RMB180,000.

Mar. 1 , 2019
BYD posts 31.37% YoY decline in 2018 net profits
BYD posts 31.37% YoY decline in 2018 net profits

Chinese automaker BYD announced that its gross revenues in 2018 jumped 22.79% year on year to RMB130.055 billion, the sixth consecutive yearly increase.

Feb. 28 , 2019
CATL, FAW Group build power battery joint venture
CATL, FAW Group build power battery joint venture

China-based power battery provider Contemporary Amperex Technology Limited (CATL) and the state-owned carmaker FAW Group have set up a joint venture dubbed CATL-FAW Power Battery Company (CATL-FAW), according to tianyancha.com.

Feb. 27 , 2019
Evergrande sets up NEV company with four wholly-owned subsidiaries
Evergrande sets up NEV company with four wholly-owned subsidiaries

Evergrande New Energy Vehicle Co., Ltd was founded on January 25 with a registered capital of $2 billion, according to the record from tianyancha.com, a data search platform in China.

Feb. 27 , 2019