Market & Industry
Faraday Future completes first pre-production FF91
Faraday Future completes first pre-production FF91

EV startup Faraday Future (FF) announced that its first pre-production FF91 has rolled off the production line in Hanford, California, around a month after FF91’s first body in white was revealed.

Aug. 29 , 2018
BYD Qin Pro to hit market at end of September with presale price from RMB 110,000
BYD Qin Pro to hit market at end of September with presale price from RMB 110,000

BYD recently released the presale price for the Qin Pro, whose gasoline-powered version and DM version will be priced from RMB 110,000 and RMB 180,000 respectively. The new model will start presale on Sept. 5.

Aug. 28 , 2018
Dongfeng sees net profit surge 116% to RMB 291 million in H1
Dongfeng sees net profit surge 116% to RMB 291 million in H1

Dongfeng Motor Corporation (Dongfeng) posted revenue of RMB 5.789 billion during the first half of 2018. Its net profit attributable to shareholders of listed company reached RMB 291 million, soaring 116.1% from a year ago.

Aug. 28 , 2018
ORA first 4S shop opens, agrees deal with Junma Group for bulk purchase of 2,000 ORA cars
ORA first 4S shop opens, agrees deal with Junma Group for bulk purchase of 2,000 ORA cars

The first 4S shop of the ORA, the NEV (new energy vehicle) brand just launched by Great Wall Motor on August 20, was opened on August 26.

Aug. 27 , 2018
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