Market & Industry
Geely Borui GE to show up at Auto China 2018
Geely Borui GE to show up at Auto China 2018

At Auto China 2018, Geely will showcase the Borui GE which is planned to go on sale in July this year, according to local media. The new model is a plug-in hybrid version of the Borui sedan.

Apr. 20 , 2018
Baidu unveils Apollo 2.5, wins 100th partner BYD
Baidu unveils Apollo 2.5, wins 100th partner BYD

On April 19, Chinese Internet giant Baidu unveiled the Apollo 2.5, the latest version of the open autonomous driving platform that currently supports vision-based high-speed autonomous driving in limited areas.

Apr. 19 , 2018
Geely to accomplish 2 million vehicle sales target ahead of schedule
Geely to accomplish 2 million vehicle sales target ahead of schedule

According to local media, Geely Auto may accomplish the annual sales target of 2 million vehicles one year in advance to 2019, Gui Shengyue, Geely Auto’s CEO, said to Hong Kong stocks investors.

Apr. 19 , 2018
Faraday Future receives RMB 300 million from Evergrande Group at end of 2017
Faraday Future receives RMB 300 million from Evergrande Group at end of 2017

It is disclosed recently that Evergrande Group had invested in FF’s Cayman company at the end of 2017 with a total of RMB 300 million.

Apr. 18 , 2018
Changchun releases regulation on ICV road testing
Changchun releases regulation on ICV road testing

On April 13, Changchun municipal government issued the Changchun Regulations on Intelligent and Connected Vehicles Road Testing (Trial) joining Shanghai, Beijing, Shenzhen and Chongqing in issuing road testing regulation for self-driving vehicles.

Apr. 18 , 2018
Sharp contrast, senior executives from private automakers earn more than state-owned companies in 2017
Sharp contrast, senior executives from private automakers earn more than state-owned companies in 2017

According to Tonghuashun iFinD, the top 3 listed automakers in China by executives’ combined annual salaries of 2017 were BYD (RMB 66.12 million), Great Wall Motor (RMB 23.6441 million) and Foton Auto (RMB 22.2 million).

Apr. 18 , 2018