Market & Industry
BAIC Motor boasts 96.6% year-on-year surge in 2018 net profit
BAIC Motor boasts 96.6% year-on-year surge in 2018 net profit

BAIC Motor Corporation Limited (BAIC Motor) reported on March 27 that its full-year revenue in 2018 reached around RMB151.92 billion, jumping 13.2% compared with RMB134.16 billion earned in 2017.

Mar. 28 , 2019
Daimler and Geely Holding form global joint venture to develop smart
Daimler and Geely Holding form global joint venture to develop smart

​Daimler AG (Daimler) and Zhejiang Geely Holding Group (Geely Holding), the German and Chinese automotive groups, today announced on March 28 the formation of a 50-50 globally focused joint venture.

Mar. 28 , 2019
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
Summary: mainstream premium car brands’ China sales in February
Summary: mainstream premium car brands’ China sales in February

The China Passenger Car Association (CPCA) reported that China’s premium car sales in February declined 2.9% from a year ago.

Mar. 26 , 2019
FAW-Volkswagen to produce 1.5T engine as replacement of 1.4T engine
FAW-Volkswagen to produce 1.5T engine as replacement of 1.4T engine

FAW-Volkswagen is expected to manufacture the all-new EA211 1.5T Evo engine at its Chengdu engine factory in 2022, according to local media outlets.

Mar. 26 , 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