Market & Industry
BYD sets up three subsidiaries
BYD sets up three subsidiaries

BYD established three subsidiaries on December 24 and 25, each of which has a registered capital of 100 million yuan ($14.3 million).

Dec. 30 , 2019
FAW-Volkswagen 2019 YTD production and sales both exceed 2 mln units
FAW-Volkswagen 2019 YTD production and sales both exceed 2 mln units

FAW-Volkswagen becomes the first and only passenger vehicle producer in 2019 whose production and sales were over 2 million units respectively.

Dec. 30 , 2019
Hainan releases car-sharing scheme, to launch 6,000 shared cars by 2022
Hainan releases car-sharing scheme, to launch 6,000 shared cars by 2022

On December, 26, Hainan province government issued a pilot scheme for shared mobility service from 2019 to 2025 with an aim to have 6,000 shared cars by 2022 and 10,000 units by 2025 in the well-known tourist province.

Dec. 30 , 2019
CATL starts construction of RMB10 billion power battery base in Yibin
CATL starts construction of RMB10 billion power battery base in Yibin

China-based battery maker CATL kicked off on December 24 the construction of its power battery manufacturing base in Yibin, Sichuan province, which features an expected annual capacity of 30GWh, according to a local media report.

Dec. 27 , 2019
Baojun’s first model with Huawei HiCar solution coming
Baojun’s first model with Huawei HiCar solution coming

Baojun, a Chinese automobile marque owned by a joint venture of General Motors and SAIC Motor, SAIC-GM-Wuling Automobile, is going to launch its first mass-made model equipped with Huawei HiCar solution on December, 29 in Shenzhen.

Dec. 27 , 2019
Hongqi says 2019 YTD sales exceed 100,000 units
Hongqi says 2019 YTD sales exceed 100,000 units

Hongqi, the premium car brand of FAW group, announced its 2019 cumulative sales have surpassed 100,000 units as of December 26, versus a sale volume of 33,028 units for the year of 2018.

Dec. 26 , 2019