Market & Industry
WEY CEO leaves Great Wall Motor for family reason
WEY CEO leaves Great Wall Motor for family reason

Chinese automaker Great Wall Motor (GWM) confirmed that Jens Steingraeber, CEO of WEY brand, has resigned from the company for taking care of his ailing family member and will no longer hold any position in GWM.

Oct. 29 , 2018
CATL revenues leap 59.85% YoY for first three quarters, while net profits drop 7.47%
CATL revenues leap 59.85% YoY for first three quarters, while net profits drop 7.47%

CATL saw its revenues for the first three quarters leap 59.85% year on year to RMB19.136 billion. Its net profits from the January to September dropped 7.47% over a year ago to RMB2.379 billion.

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
Faraday Future says "victory" over financing issue against Evergrande while limited by strict conditions
Faraday Future says "victory" over financing issue against Evergrande while limited by strict conditions

Faraday Future (FF) announced today that it made a “desicive victory” over the application for emergency relief against Evergrande Health submitted to Hong Kong International Arbitration Centre.

Oct. 25 , 2018
Luxury car sales in China grow amid overall PV sales drop in September
Luxury car sales in China grow amid overall PV sales drop in September

From the table made by Gasgoo, it could be learnt that most luxury car makers attained positive YoY growth in both September sales and year-to-date (YTD) sales.

Oct. 25 , 2018
Baidu, FAW set up united lab to provide mass-produced IoV products
Baidu, FAW set up united lab to provide mass-produced IoV products

FAW Car Co., Ltd. and Beijing Baidu Netcom Science Technology Co., Ltd inked a MoU (memorandum of understanding) on October 23 to jointly develop IoV (Internet of Vehicles) products and services, according to the automaker’s announcement.

Oct. 25 , 2018