Market & Industry
Haval launches “5-2-1” global strategy to roll out over 20 new models by 2023
Haval launches “5-2-1” global strategy to roll out over 20 new models by 2023

On January 13, 2019, Haval released the “Haval 5-2-1” Strategy, aiming to develop itself into the “world’s No.1 professional SUV brand” with annual sales up to 2 million units globally over the next five years.

Jan. 14 , 2019
China's vehicle sales in 2018 drop 2.76% YoY to 28,080,600 units, CAAM
China's vehicle sales in 2018 drop 2.76% YoY to 28,080,600 units, CAAM

China's vehicle outputs and sales in 2018 reached 27,809,200 units and 28,080,600 units, dropping 4.16% and 2.76% year on year respectively, according to sales data released by China Association of Automobile Manufacturers (CAAM).

Jan. 14 , 2019
BAIC BJEV sets up joint lab with visionICs for solid-state LiDAR-focused self-driving system
BAIC BJEV sets up joint lab with visionICs for solid-state LiDAR-focused self-driving system

BAIC BJEV and visionICs, a Silicon Valley-based technology company, has set up a joint laboratory of autonomous driving technology to research and develop the solid-state LiDAR-focused next-generation multi-sensor fusion autonomous driving system.

Jan. 11 , 2019
Roundup of “marriages” between CATL and China’s OEMs
Roundup of “marriages” between CATL and China’s OEMs

Aside from Geely, CATL also agreed cooperation agreements with other automakers like SAIC Motor, Dongfeng Motor, GAC Group and Jiangling Motors, etc., making it the China-based power battery maker who has most joint ventures with OEMs.

Jan. 10 , 2019
Two Geely Holding’s subsidiaries recall 89,657 vehicles for fuel pump issue
Two Geely Holding’s subsidiaries recall 89,657 vehicles for fuel pump issue

Zhejiang Haoqing Automobile Manufacturing Co., Ltd. and Zhejiang Geely Automobile Company Limited have registered vehicle recall plans to China’s State Administration for Market Regulation (SAMR), involving 89,657 vehicles in total.

Jan. 10 , 2019
China’s PV wholesale volumes show first-time YoY drop of 4% in 2018
China’s PV wholesale volumes show first-time YoY drop of 4% in 2018

China's PV retail sales reached 22,350,562 units in 2018, declining 5.8% over a year ago. Meanwhile, the country's PV wholesale volume also fell 4.0% YoY (the “PV” mentioned here refers to cars, SUVs and MPVs locally produced in China).

Jan. 10 , 2019