Market & Industry
General Motors Q3 deliveries in China drop 14.9% YoY to 835,934 units
General Motors Q3 deliveries in China drop 14.9% YoY to 835,934 units

General Motors (GM) and its joint ventures delivered a total of 835,934 vehicles in China in the third quarter of 2018, facing a year-on-year decline of 14.9%, the company said on October 8.

Oct. 8 , 2018
Geely Automobile Holdings acquires two engine firms with RMB1.265 billion
Geely Automobile Holdings acquires two engine firms with RMB1.265 billion

Geely Automobile Holdings Limited (the Company) announced on Oct. 5 that Zhejiang Geely Dongli Zongcheng Company Limited, an indirect 99% owned subsidiary of the Company, agreed to acquire two engine firms with a total of RMB1.265 billion involved.

Oct. 8 , 2018
Faraday Future to scrap stake treaty with Evergrande Health
Faraday Future to scrap stake treaty with Evergrande Health

The EV startup Faraday Future (FF) is seeking arbitration to terminate the stake transaction with Evergrande Health Industry Group Limited (Evergrande Health), the healthcare company announced on October 7.

Oct. 8 , 2018
Roewe MARVEL X hits market at prices ranging from RMB268,800 to RMB308,800
Roewe MARVEL X hits market at prices ranging from RMB268,800 to RMB308,800

The Roewe MARVEL X intelligent electric SUV officially hit the market on September 30, priced from RMB268,800 to RMB308,800 after the subsidy is given to consumers.

Sep. 30 , 2018
China OTA solution provider ABUP completes Pre-A round of over RMB10 million
China OTA solution provider ABUP completes Pre-A round of over RMB10 million

Shanghai-based tech company Abup Technology Co.,Ltd (ABUP) recently announced the completion of a series Pre-A funding of over RMB10 million, which was led by Cathay CarTech Fund with Huaxing Alpha serving as the exclusive financial adviser.

Sep. 30 , 2018
FF second model FF81 said to be priced from RMB 300,000
FF second model FF81 said to be priced from RMB 300,000

The FF81, the second model for the EV maker Faraday Future (FF), is likely to be priced from RMB 300,000, which is far cheaper than that of the FF91, according to various media reports.

Sep. 30 , 2018