Market & Industry
Guangzhou to launch policy on road tests for autonomous vehicles
Guangzhou to launch policy on road tests for autonomous vehicles

Guangzhou (capital of Guangdong Province) government is formulating a guidance document on road tests for autonomous vehicles, according to local media.

Apr. 2 , 2018
Singulato Motors to build global R&D center, production base in Suzhou
Singulato Motors to build global R&D center, production base in Suzhou

Shen Haiyin, CEO of China’s EV startup Singulato Motors, announced on March 31 that the company will build its global R&D center and a production base in Suzhou City with a total of RMB 15 billion investment involved in the next five years.

Apr. 2 , 2018
AutoNavi launches AMAP AUTO 3.0 using nebula engine
AutoNavi launches AMAP AUTO 3.0 using nebula engine

On March 29, AutoNavi, a China’s leading online mapping service provider, officially launched its new-generation intelligent in-vehicle navigation dubbed AMAP AUTO 3.0.

Mar. 30 , 2018
SAIC Motor become No.1 profitable automaker in China with net profit of RMB 34.41 billion
SAIC Motor become No.1 profitable automaker in China with net profit of RMB 34.41 billion

SAIC Motor reported operation revenue up to RMB 870.639 billion, jumping 15.10% year on year. Meanwhile, the net profit attributable to shareholders increased 7.51% from the previous year to a record high of RMB 34.41 billion.

Mar. 30 , 2018
NDRC permits CAPSA 50/50 capital increase of RMB 3.6 billion
NDRC permits CAPSA 50/50 capital increase of RMB 3.6 billion

The National Development and Reform Commission released a letter of rely saying that both Chinese and foreign shareholders of Changan PSA Automobiles Co., Ltd are permitted to increase a total of RMB 3.6 billion investment at the ratio of 50 to 50.

Mar. 29 , 2018
Changan Auto 2017 net profit slumps 30.61% YoY to RMB 7.139 billion
Changan Auto 2017 net profit slumps 30.61% YoY to RMB 7.139 billion

Changan Auto announced that the company achieved operation revenue of RMB 80.001 billion last year, edging up 1.87% year on year. Besides, the net profit attributable to shareholders slumped 30.61% from a year earlier to RMB 7.139 billion.

Mar. 29 , 2018