Market & Industry
BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion
BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion

BAIC Motor Corporation Ltd (BAIC Motor) reported that its annual operation revenue boasted a year-on-year increase of 15.50% to RMB 134.158 billion in 2017, which was mainly driven by the rising income from Beijing Benz.

Apr. 3 , 2018
Dongfeng Nissan posts YoY sales growth of 5% in Q1
Dongfeng Nissan posts YoY sales growth of 5% in Q1

Dongfeng Nissan reported a MoM sales surge of 48.6% to 86,354 units in March. Its cumulative sales in the first quarter reached 242,767 units, up 5% over the previous year, according to Dongfeng Nissan’s latest output and sales report.

Apr. 3 , 2018
Tencent tech equipped driverless vehicle shows up on public roads for first time
Tencent tech equipped driverless vehicle shows up on public roads for first time

At around 10 o’clock a.m. on April 2, Tencent’s driverless prototype vehicle showed up for the first time along the fourth ring road of Beijing.

Apr. 3 , 2018
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