Market & Industry
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
Beijing Hyundai sets annual sales target of 900,000 units in 2018
Beijing Hyundai sets annual sales target of 900,000 units in 2018

Beijing Hyundai recently released its 2018 sales target of 900,000 units, up 10% compared with last year.

Apr. 18 , 2018
Guangzhou issues 2025 strategy for auto industry to raise NEV production capacity
Guangzhou issues 2025 strategy for auto industry to raise NEV production capacity

On April 17, Guangzhou government officially issued the 2025 Strategy for Guangzhou auto industry that aims to increase the annual new energy vehicle (NEV) production capacity to 1 million units in 2025.

Apr. 18 , 2018
Alibaba confirms development of driverless vehicle technologies
Alibaba confirms development of driverless vehicle technologies

Alibaba is researching and developing L4 (and higher level) driverless vehicle technologies. Meanwhile, some vehicles (reportedly, the Lincoln MKZ refreshed models) have already been tested on roads and dozens of vehicles have been under development.

Apr. 17 , 2018
Sixth automaker partner, Tencent to develop IoV cause with FAW Group
Sixth automaker partner, Tencent to develop IoV cause with FAW Group

On April 15, the Chinese Internet titan Tencent and the state-owned automaker FAW Group signed strategic cooperation framework agreement in the Internet of Vehicles (IoV) area.

Apr. 16 , 2018
Geely Li Shufu: sharing and cooperation is key to win future
Geely Li Shufu: sharing and cooperation is key to win future

The destiny of future auto industry depends on the self-realization of traditional automakers, Li Shufu, Chairman of the Zhejiang Geely Holding Group, delivered such statement through some English and German media.

Apr. 16 , 2018