Market & Industry
FAW Xiali stops producing two series of models
FAW Xiali stops producing two series of models

FAW Xiali sold 2,086 vehicles in November, a decrease of nearly 47% compared with the same period of previous year; a total of 23,200 vehicles were sold in the first 11 months, a year-on-year decrease of about 30%.

Dec. 13 , 2017
Jinbei Auto transfers shares of a subsidiary
Jinbei Auto transfers shares of a subsidiary

Jinbei Auto announced, "Jinbei Auto has already completed the procedures of transferring all Jinbei Vehicle’s shares." This announcement drew a conclusion to Jinbei Auto's transferring plan.

Dec. 13 , 2017
Alibaba invests in Xpeng Motors
Alibaba invests in Xpeng Motors

On Dec. 12, Alibaba, China’s Internet giant finished the investment in Xpeng Motors, one of Chinese EV startups, taking up 10% stake of Xpeng Motors.

Dec. 13 , 2017
Honda, Neusoft sign agreement to cooperate in car sharing
Honda, Neusoft sign agreement to cooperate in car sharing

On December 12, Honda China signed a cooperation agreement with Neusoft Reach Automotive Technology, a subsidiary of Neusoft Group to carry out strategic cooperation.

Dec. 13 , 2017
Sokon aims to be global provider of battery, electric motor, electric control systems
Sokon aims to be global provider of battery, electric motor, electric control systems

On Dec. 11, Chongqing Sokon Industry Group, parent company of SF Motors, released an announcement that its board of directors passed eight projects.

Dec. 12 , 2017
Borgward BX3 will make debut at Beijing Auto Show to compete with Audi Q2
Borgward BX3 will make debut at Beijing Auto Show to compete with Audi Q2

Currently, the products of Borgward Auto has covered compact SUV and middle-size SUV market with newly-launched BX5 and flagship model BX7, which was launched in 2016.

Dec. 12 , 2017