Market & Industry
SST Qiangfeng changes name, new progress for BAIC BJEV to be listed on A-share market
SST Qiangfeng changes name, new progress for BAIC BJEV to be listed on A-share market

On June 12, SST Qianfeng has officially changed its name as BeiJing QianFeng Electronic Co.Ltd and settled in “China Blue Valley” (“Lan Gu" in Chinese) of Beijing Economic Technological Development Area, where the BAIC BJEV headquarters.

Jun. 13 , 2018
Sokon to boost capital at Jinkang New Energy to RMB 4 billion
Sokon to boost capital at Jinkang New Energy to RMB 4 billion

Chongqing Sokon Industry Group Stock Co., Ltd (Sokon) will increase another RMB 3 billion to Chongqing Jinkang New Energy Vehicle Co., Ltd (Jinkang New Energy) with the subsidiary’s registered capital increased to RMB 4 billion.

Jun. 13 , 2018
Huawei unveils new IoV platform OceanConnect to promote automakers’ digital transformation
Huawei unveils new IoV platform OceanConnect to promote automakers’ digital transformation

At the CEBIT 2018, Huawei unveiled its latest IoV platform dubbed OceanConnect to help automakers to intelligentize their vehicles and promote enterprises’ transformation from a pure vehicle marker to a mobility service provider.

Jun. 12 , 2018
China MPV market undergoes YoY sales slide of 5.8% in May
China MPV market undergoes YoY sales slide of 5.8% in May

China MPV market saw YoY sales drop of 5.8% to 134,400 units in May. The cumulative sales of MPVs reached 731,400 units from January to May with a YoY sales slide of 12%, according to the data released by the China Passenger Car Association (CPCA).

Jun. 12 , 2018
Geely, CASIC likely to join forces to develop hyperloop train
Geely, CASIC likely to join forces to develop hyperloop train

Zhejiang Geely Holding Group (Geely) and China Aerospace Science & Industry Corp. (CASIC) has a discussion on June 8 about industrial cooperation and the commercialization of aerospace research achievements.

Jun. 12 , 2018
China vehicle sales edged down 1.37% year on year in May, CAAM
China vehicle sales edged down 1.37% year on year in May, CAAM

In May, the total vehicle outputs and sales in China reached 2.3444 million units and 2.2877 million units, rising 12.84% and 9.61% year on year, while edging down 2.26% and 1.37% versus the performances in April, according to CAAM.

Jun. 11 , 2018