BAIC Group announced, on the second day of this year, its 2019 revenue reached over 500 billion yuan ($71.7 billion), versus roughly 480 billion yuan ($68.8 billion) in 2018.
Jan. 7 , 2020
FAW Group plans to invest roughly 470 million yuan ($67.4 million) in upgrading the production line to further increase the annual capacity of its premium Hongqi brand to 184,000 units.
Jan. 7 , 2020
Today, BYTON and Marubeni Corporation announced a strategic partnership. Marubeni will become a partner in BYTON’s Series C financing.
Jan. 6 , 2020
FAW Group sold 3.464 million vehicles through 2019, achieving a growth of 1.3% compared with the year-ago period, and outpacing the overall auto industry by 10 percentage points, the state-owned automaker announced via its WeChat account.
Jan. 6 , 2020
Mazda Motor (China) Co., Ltd. said its new car retail sales in December, 2019 reached 24,492 units, of which FAW Mazda and Changan Mazda contributed 10,418 units and 14,074 units respectively.
Jan. 6 , 2020
In November, 2019, 6,369 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicle (MLI) for EVs made by Chinese startups, versus 6,459 for the month-ago period.
Jan. 5 , 2020