Market & Industry
BYD to set up power battery base in Chongqing with annual capacity of 20GWh
BYD to set up power battery base in Chongqing with annual capacity of 20GWh

Chinese automaker BYD and local government of Chongqing Bishan District signed an investment cooperation agreement on August 23, planning to invest RMB 10 billion in building a power battery program with an annual capacity of 20GWh.

Aug. 27 , 2018
Didi Chuxing announces shut of hitching service, lays off two senior executives
Didi Chuxing announces shut of hitching service, lays off two senior executives

Didi Chuxing (Didi) announced that it shuts the “hitching” service countrywide starting from August 27 and has laid off two senior executives after a Didi driver had raped and murdered a female passenger.

Aug. 27 , 2018
CATL H1 revenue soars 48.69% year on year to RMB 9.36 billion
CATL H1 revenue soars 48.69% year on year to RMB 9.36 billion

China battery giant CATL announced on Aug. 23 that its revenue in the first half of 2018 soared 48.69% over the previous year to RMB 9.3595807 billion.

Aug. 27 , 2018
Sales plunges make market chilling
Sales plunges make market chilling

Data of the CPCA shows that sales of China's passenger vehicles (excl. minivans) plunged by 5.7% year on year (YoY) to 1.57 mn units, and slid down 14.66% month-on-month(MoM) from 1.83 mn units in June.

Aug. 23 , 2018
Lynk & Co 03 PHEV test mule spied on roads
Lynk & Co 03 PHEV test mule spied on roads

The Lynk & Co 03’s plug-in hybrid (PHEV) version was spied on roads recently after its fossil fuel-powered version was unveiled on August 20.

Aug. 23 , 2018
Zotye T500 to offer six-seat version with three variants
Zotye T500 to offer six-seat version with three variants

The Zotye T500, an all-new five-seat compact SUV, hit the market in March with price range between RMB 69,800 and RMB 123,800. On Aug. 31, Zotye T500 six-seat version will hit the market with an arrangement of 2+2+2.

Aug. 23 , 2018