SAIC Group gained revenue of RMB 238.83 billion in the first quarter, jumping 21.7% year on year. The net profit rose 17.5% year on year to RMB 9.71 billion, according to SAIC Group’s Q1 report released on Apr. 28.
May 2 , 2018
Ford Smart Mobility LLC and Zotye Auto signed an MOU on May 2 to set up a new 50:50 JV (joint venture) that will focus on providing ride-hailing operators and drivers with intelligent and customized all-electric vehicle solutions.
May 2 , 2018
Two FF 91s, Faraday Future’s intelligent internet-based electric model, finished customs clearance in the evening of Apr. 29.
May 2 , 2018
FAW Xiali reached operation revenue of RMB 1.451 billion in 2017, slumping 28.34% year on year and the net profit attributable to shareholders was RMB -1.641 billion, nosediving 1,110.64% year on year. Its debt-to-asset ratio was up to 98.2%.
May 2 , 2018
On April 27, GoFun, a car-sharing platform backed by state-owned Shouqi Group, showed off several autonomous driving technologies, such as autonomous pick-up and drop-off, automatic parking, vehicle formation and dispatch, at a conference in Beijing.
Apr. 28 , 2018
BAIC BJEV announced that the company received Beijing’s license to conduct road tests for its autonomous vehicle the LITE. Along with NIO, BAIC BJEV has also been included in the first batch of automakers that obtained Beijing’s road test license.
Apr. 28 , 2018