Market & Industry
Chinese millimeter-wave radar firm ANNGIC completes RMB 50 million Series A round
Chinese millimeter-wave radar firm ANNGIC completes RMB 50 million Series A round

China-based millimeter-wave radar developer ANNGIC announced on August 13 that it has completed a RMB 50 million Series A round fundraising, which was exclusively invested by Fortune Capital.

Aug. 13 , 2018
Changan Automobile July sales plunge 20.3% YoY
Changan Automobile July sales plunge 20.3% YoY

Changan Automobile delivered 128,729 vehicles in July, suffering an evident year-on-year drop of 20.3% and a month-on-month slump of 31.6%. For the first seven months, the automaker saw its year-to-date sales fall 16.0% to 1,336,110 units.

Aug. 13 , 2018
JAC enjoys YoY sales growth of 19.89% to 37,896 units in July
JAC enjoys YoY sales growth of 19.89% to 37,896 units in July

JAC delivered 37,896 vehicles in July, leaping 19.89% from a year ago. During the past seven months, JAC handed over 290,166 units with a YoY drop of 5.26%, according to the data from official website of JAC.

Aug. 10 , 2018
Geely New Energy, State Grid EV Service team up to promote NEV development
Geely New Energy, State Grid EV Service team up to promote NEV development

Geely New Energy and State Grid Electric Vehicle Service Co., Ltd (State Grid EV) signed a cooperation agreement in Beijing on August 4 to jointly promote the new energy vehicle (NEV) development in China, according to local media.

Aug. 10 , 2018
China announces additional 25% tariff on $16 billion worth of U.S. goods
China announces additional 25% tariff on $16 billion worth of U.S. goods

The Chinese government said on August 8 that it will impose additional 25% import tariffs on $ 16 billion worth of U.S.-made goods to retaliate for the Trump administration’s latest import duties levied on an equivalent value of China-made goods.

Aug. 9 , 2018
DFL launches Green Program 2022, to roll out 20 NEV models
DFL launches Green Program 2022, to roll out 20 NEV models

Dongfeng Motor Company Limited (DFL) launched the “DFL Green Program 2022” at its 15th anniversary on August 8 that elucidates the company’s initiative and framework in vehicle electrification, energy conservation and emission reduction.

Aug. 9 , 2018