Market & Industry
Geely to set up new DMA plant in Ningbo for new flagship sedan
Geely to set up new DMA plant in Ningbo for new flagship sedan

Local media got the news from China Construction Eighth Engineering Division. Corp. Ltd that Geely is about to set up a new DMA plant in Meishan, Ningbo, Zhejiang Province.

Feb. 28 , 2018
BYD all-new Tang to make debut on March 6
BYD all-new Tang to make debut on March 6

Several days ago, BYD announced that its all-new Tang will make an official debut on March 6th this year. As a production model of Dynasty concept, the all-new Tang adopts 7-seat layout and will offer three types of powertrains.

Feb. 28 , 2018
Geely denies using money from state-owned asset on Daimler stake acquisition
Geely denies using money from state-owned asset on Daimler stake acquisition

Yang Xueliang, vice president of Geely Automobile Group, restated that the Hangzhou-based company didn’t use domestic funds to acquire Daimler’s stakes as a response to the speculations on the fund sources.

Feb. 28 , 2018
Former Baidu vice president's startup Kuandeng completes RMB 100 million series A financing
Former Baidu vice president's startup Kuandeng completes RMB 100 million series A financing

Recently, Kuandeng, a China’s high definition map (HD map) startup, announced that the company has closed a series A capital round of hundreds of million RMB, which was led by IDG Capital and followed by Chengwei Capital and LanTing Capital.

Feb. 27 , 2018
Lynk&Co 02 to make worldwide debut on March 26
Lynk&Co 02 to make worldwide debut on March 26

Lynk&Co 02, the all-new crossover under the brand, will make its world debut in Amsterdam, Netherlands on March 26. The new model is expected to hit the market in 2018 with a starting price of RMB 120,000.

Feb. 27 , 2018
Zotye T500 to hit market on Mar. 7 with 6 variants
Zotye T500 to hit market on Mar. 7 with 6 variants

Zotye’s all-new compact SUV, the T500, which offers six variants, will hit the market on Mar. 7.

Feb. 26 , 2018