According to data, there are a total of 14,764 auto companiesin China till the end of 2015, including 547 Hongkong-Macao-Taiwan invested enterprises, 1898 foreign-invested or joint-venture companies. They produced 24.5m units’vehicles in 2015, including 21.08m units’passenger vehicles and 3.42m units’commercial vehicles.
Aug. 20 , 2016Personnel adjustment on top managements in FAW Car and FAW Xiali, two listed subsidiaries of FAW Group, one of leading automakers in China, may serve to accelerate regrouping of businesses.
Aug. 18 , 2016Latest data shows that Dongfeng Motor Corporation Passenger Vehicle Company (DFPV) has a sales growth of 115% in July, highest among all subsidiaries of its parent company, Dongfeng Motor. Under such favorable conditions, DFPV adjusts its annual sales target to 130,000 units.
Aug. 18 , 2016A Tesla Model S, which was under the automatically-driving mode, rubbed a car in Beijing, fortunately leading to no casualty, on August 2. This, actually, was the second traffic accident caused by automatically-driving Tesla, after a collision with a tractor on May 7 this year.
Aug. 15 , 2016It’s learned that Baidu has reached investment intent with Velodyne LiDAR, but no accurate investmentamount or share ratio has been reported. In the future, the two companies will conduct deep cooperation in self-driving and other areas. Velodyne is a Silicon Valleycompany which established in 1983, famous for its 64-Line Laser Radar Product, which is used by Google’s self-driving car.
Aug. 15 , 2016Recently, major Japanese brands have published their sales volume in Chinese market in July, the three top brands Honda, Nissan and Toyota have respective growths of 39.5%, 8.9% and 5.7%. Mazda also increases 30.2% with the launching of CX-4. Besides, Chana Suzuki recovers its sales volume. It’s noticeable that Honda ranks first among three Japanese brands.
Aug. 12 , 2016