Market & Industry
China Mobile to build new IoV company as mainstay in traffic industry
China Mobile to build new IoV company as mainstay in traffic industry

On March 20,China Mobile Communications Corporation Government and Enterprise Service Company (hereinafter the company) officially announced at a press conference that the company will build a new national-centralized IoV company.

Mar. 21 , 2018
FAW, Dongfeng, Changan merger “hopeless” in short term
FAW, Dongfeng, Changan merger “hopeless” in short term

Zhu Huarong, Changan Auto' presidentsaid in an recent interview that Changan has not received any notice about the regroup among Changan Auto, FAW Group and Dongfeng Motor. He thought the automakers’ merger will not happen in the short term.

Mar. 21 , 2018
Geely 2017 profit doubles to RMB 10.63 billion
Geely 2017 profit doubles to RMB 10.63 billion

Geely achieved a total revenue of RMB 92.76 billion in 2017, jumping 73 percent compared with the previous year.

Mar. 21 , 2018
Former Goldman Sachs China’s senior executive joins BYTON as co-president
Former Goldman Sachs China’s senior executive joins BYTON as co-president

According local media, Cheng Changqing, former managing director of Goldman Sachs China’s investment banking division, officially joined BYTON as co-president who takes charge of the startup’s capital market and investor relations’ management.

Mar. 20 , 2018
GAC Trumpchi plans to roll out three new models in 2018 to achieve 700,000 of sales target
GAC Trumpchi plans to roll out three new models in 2018 to achieve 700,000 of sales target

According to local media, GAC Trumpchi plans to roll out 3 new models (including 2 SUV models) this year to help achieve its 2018 annual sales target of 700 thousand units.

Mar. 19 , 2018
Bosch, Banma build strategic partnership to develop ICV solutions
Bosch, Banma build strategic partnership to develop ICV solutions

On March 18, Bosch and Banma, a Chinese Internet vehicle solution supplier signed a strategic cooperation agreement in Shanghai. Both parties will develop cooperation in such areas as Internet connection, in-vehicle infotainment system, etc.

Mar. 19 , 2018