Market & Industry
Tesla’s Gigafactory 3 in Shanghai to start production at the end of 2019
Tesla’s Gigafactory 3 in Shanghai to start production at the end of 2019

On August 7, Tesla China officially announced via its Sina Weibo account, a hugely popular microblogging site, that the Gigafactory 3 is expected to start production at the end of 2019.

Aug. 8 , 2019
Data Talk: China’s PV capacity utilization rate may shrink to 46% in 2019
Data Talk: China’s PV capacity utilization rate may shrink to 46% in 2019

Many PV manufacturers in China have not slowed the pace to expand their production capacities in the cloudy market environment,thus may exacerbate the problem of overcapacity.

Aug. 8 , 2019
Geely Automobile sees sales in July down by 24% over prior-year
Geely Automobile sees sales in July down by 24% over prior-year

Geely Automobile Holding Limited announced on August 7 that its total sales volume (including Lynk & Co-branded vehicles) in July 2019 reached 91,375 units, a year-on-year decrease of roughly 24%.

Aug. 7 , 2019
Tesla’s Gigafactory 3 in Shanghai completes main structure
Tesla’s Gigafactory 3 in Shanghai completes main structure

The buildout of Tesla’s Gigafactory 3 in Shanghai has been proceeding at an impressive pace. A recent drone flyover posted on Chinese social media platform WeChat showed that the main structure has been completed.

Aug. 6 , 2019
BAIC BJEV, Senova to be combined into a new brand “Beijing”
BAIC BJEV, Senova to be combined into a new brand “Beijing”

BAIC BJEV and Senova, a new energy vehicle brand and a fuel-burning automobile marque owned by China’s stated-owned BAIC Group, will be merged into a new brand “Beijing” with an all-new logo, according to local media outlets.

Aug. 6 , 2019
Great Wall Motors becomes first Chinese carmaker signing SPIC with Russian government
Great Wall Motors becomes first Chinese carmaker signing SPIC with Russian government

Great Wall Motors (GWM) became the first Chinese automaker that signs a special investment contract (SPIC) with the government of Russian Federation.

Aug. 5 , 2019