Market & Industry
Chery EXEED TX SUV rolls off production line, to go on sale at the end of March
Chery EXEED TX SUV rolls off production line, to go on sale at the end of March

Chery’s premium car brand EXEED, named “Xingtu” in Chinese, saw its first SUV mode, the EXEED TX, roll off the production line on January 24. The new model is going to hit the market at the end of March.

Jan. 24 , 2019
Lexus UX hits China’s market with 6 variants, priced between RMB268,000 and RMB371,000
Lexus UX hits China’s market with 6 variants, priced between RMB268,000 and RMB371,000

Toyota-owned premium car brand Lexus officially launched its all-new compact SUV model, the Lexus UX, into China’s market on January 23. Prices of 6 variants ranges between RMB268,000 and 371,000.

Jan. 24 , 2019
Corun’s plan to acquire 36.97% stake in Geely-backed CHS conditionally approved by CSRC
Corun’s plan to acquire 36.97% stake in Geely-backed CHS conditionally approved by CSRC

Chinese hybrid power system supplier Hunan Corun New Energy Co.,Ltd (Corun)’s plan to acquire 36.97% stake in ChinaHybrid System Co., Ltd (CHS Company) has been conditionally approved by the China Securities Regulatory Commission (CSRC).

Jan. 24 , 2019
China’s EV startup XPENG Motors said to unveil second model at Auto Shanghai 2019
China’s EV startup XPENG Motors said to unveil second model at Auto Shanghai 2019

XPENG Motor's second model, positioned as a mid-sized BEV sedan that is to compete with the Tesla Model S in terms of intelligent level, is expected to make its debut at Shanghai International Automobile Industry Exhibition 2019.

Jan. 22 , 2019
Audi China to roll out 12 locally-produced models in total by 2022
Audi China to roll out 12 locally-produced models in total by 2022

Audi will increase the number of locally-produced models in China to 12 by 2022, Thomas Owsianski, President of Audi China, revealed at the company’s year-end party on January 18.

Jan. 21 , 2019
NIO’s third model said to be a sedan dubbed EP7
NIO’s third model said to be a sedan dubbed EP7

The third model of Chinese EV startup NIO will be a sedan model dubbed “EP7”, according to local media. The new model is likely to be launched at the NIO Day 2019.

Jan. 21 , 2019