Market & Industry
New Geely Emgrand GS goes on sale with 8 variants priced from RMB77,800
New Geely Emgrand GS goes on sale with 8 variants priced from RMB77,800

Geely’s all-new Emgrand GS formally hit the market on June 18. Offering 8 variants, the new compact SUV is priced from RMB77,800 to RMB116,800.

Jun. 18 , 2019
BYD S2 all-electric SUV priced starting RMB89,800 after subsidy
BYD S2 all-electric SUV priced starting RMB89,800 after subsidy

BYD will see the all-electric SUV “S2” hit the market tonight. Positioned below the models under BYD’s Dynasty Series, the BYD S2 will be offered in three variants with a presale price of RMB100,000.

Jun. 17 , 2019
Evergrande Group to pump RMB120 billion into NEV bases in Shenyang
Evergrande Group to pump RMB120 billion into NEV bases in Shenyang

Chinese real estate giant China Evergrande Group on June 15 inked a strategic cooperation agreement with Shenyang Municipal Government for its NEV bases’ deployment, only four days after forging partnership with Guangzhou Government.

Jun. 17 , 2019
Geely Automobile's subsidiary to form JV  with LG Chem for EV battery supply
Geely Automobile's subsidiary to form JV with LG Chem for EV battery supply

On June 12, 2019, Shanghai Maple Guorun an indirect 99% owned subsidiary of Geely Automobile Holdings Limited and LG Chem entered into a joint venture (JV) agreement, saying both parties agreed to set up a joint venture focusing on EV battery.

Jun. 12 , 2019
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou

China Evergrande Group on June 11 signed a strategic cooperation framework agreement with Guangzhou Municipal Government as part of efforts to deepen its deployment in new energy vehicle (NEV) domain.

Jun. 12 , 2019
China's vehicle sales in May 2019 drop 16.4% from a year ago, CAAM
China's vehicle sales in May 2019 drop 16.4% from a year ago, CAAM

For the month of May 2019, China's vehicle output and sales volume reached 1.848 million units and 1.913 million units, shrinking 21.2% and 16.4% from the year-ago period respectively,according to the CAAM.

Jun. 12 , 2019