Market & Industry
All-new BYD Song MAX with rotatable screen to go on sale in first half of 2019
All-new BYD Song MAX with rotatable screen to go on sale in first half of 2019

The Song Max is a MPV model developed by Chinese automaker BYD and its sales totaled over 140,000 units in 2018. The all-new BYD Song MAX is about to hit the market in the first half of the year, according to local media.

Feb. 13 , 2019
XPENG Motors to enlarge team by 5,000 employees in 2019
XPENG Motors to enlarge team by 5,000 employees in 2019

China-based EV startup XPENG Motors plans to recruit 5,000 employees (including 2,300 regular employees) in 2019, He Xiaopeng, chairman of the startup, revealed in an internal e-mail to inspire staff after the Spring Festival holiday.

Feb. 13 , 2019
Hongqi to launch three SUV models into market in 2019
Hongqi to launch three SUV models into market in 2019

FAW Group-owned premium car brand Hongqi showed off three SUV models at the 2019 CCTV Spring Festival Gala, namely, the Hongqi HS5, the HS7 and the E-HS3 BEV, which impressed people a lot.

Feb. 12 , 2019
Baoneng Group’s shareholding in Qoros Auto increased to 63% from 51%
Baoneng Group’s shareholding in Qoros Auto increased to 63% from 51%

Kenon Holdings, one of primary investors of Qoros Auto, announced in January that it had transferred 12% stake in Qoros Auto to Baoneng Group, the other major investor of the Chinese automaker, at a consideration of RMB1.56 billion.

Feb. 11 , 2019
Chery gains good start in 2019 with Jan. sales jumping 23.3% year on year
Chery gains good start in 2019 with Jan. sales jumping 23.3% year on year

Chery Holding got a favorable start in 2019 with its January car sales jumping 23.3% year on year (YoY) to 61,815 units. Of that, its export volume grew 17.3% from a year ago to 11,751 units and the new energy vehicle sales splendidly leapt 177.3%.

Feb. 11 , 2019
Honda’s China deliveries in January record new high of 136,483 units
Honda’s China deliveries in January record new high of 136,483 units

Honda delivered 136,483 vehicles in China last month with a year-on-year (YoY) growth of 8.2%, recording a new-high performance in January sales for its Chinese market, according to the Japanese automaker’s China sales report.

Feb. 11 , 2019