Market & Industry
BYD net profits attributable to shareholders slumped 45.3% YoY for first three quarters
BYD net profits attributable to shareholders slumped 45.3% YoY for first three quarters

From January to September, BYD's revenues totaled RMB88.981 billion, a YoY increase of 20.35%. However, its cumulative net profits attributable to shareholders slumped 45.3% from the previous year to RMB1.527 billion.

Oct. 30 , 2018
Changan plans to stop building non-connected vehicles in 2020
Changan plans to stop building non-connected vehicles in 2020

Changan Automobile will no longer build new non-connected vehicles from 2020 on and all of its vehicles will be internet connected, according to the automaker’s Dubhe intelligent strategy.

Oct. 30 , 2018
Great Wall Motor, Baidu upgrade cooperation on IoV technology
Great Wall Motor, Baidu upgrade cooperation on IoV technology

GWM and Internet giant Baidu signed another strategic cooperation agreement on October 26 focusing on developing Internet of Vehicles (IoV) services in order to accelerate the application of IoV technologies in China.

Oct. 29 , 2018
Great Wall Motor Q3 profit nearly halved amid China SUV sales cooling
Great Wall Motor Q3 profit nearly halved amid China SUV sales cooling

Great Wall's revenue in the third quarter fell 19% from a year ago to RMB 17.966 billion. Its net profit attributable to the shareholders of the listed company nearly halved to RMB 231 million compared with the same period last year.

Oct. 29 , 2018
XPeng Motors likely to hand over G3 production cars at the end of 2018
XPeng Motors likely to hand over G3 production cars at the end of 2018

Chinese EV startup XPeng Motors is going to showcase the G3 production SUV at the upcoming Guangzhou International Automobile Exhibition and officially hand over the G3 vehicles at the end of the year.

Oct. 26 , 2018
Dongfeng Honda third plant to produce NEV models
Dongfeng Honda third plant to produce NEV models

Dongfeng Honda is expected to start deploying NEVs (new energy vehicles) in 2019, according to local media. Its third plant in Wuhan of Hubei Province is set to be put into operation next year.

Oct. 26 , 2018