With the launching of more alternative energy vehicles, BYD begins to expand the battery capacity. News media learned that BYD will invest RMB 11b to increase capitals of the subsidiary two companies, which will be used in the battery capacity expansion project. Battery capacity is expected to be expanded in the future and the research process of alternative energy vehicles will be further accelerated.
Aug. 2 , 2016China’s government has launched additional regulations on management of operation of business of providing online-hailing service in the country. And adjustment on these regulations may be made according to public opinions.
Aug. 2 , 2016Song Jun has been promoted to be vice general manager of Geely Automobile Sales Company, a subsidiary of Geely Group in China.
Aug. 2 , 2016Dong Feng Liu Zhou Automobile Company (short for DFLZ thereafter), a subsidiary of Dong Feng Motor, one of leading automakers in China, has launched SX6, a new mode of seven-seat SUV, on July 24.
Jul. 28 , 2016There will be a conference on which Chinese authorities may discuss about implementation of new regulations on service of online hailing this afternoon.
Jul. 28 , 2016FAW Car seems to walk into a cliff edge in the first half of year. Estimated performance for 2016 half-year shows that FAW Car faces a loss of RMB 790m to 850m in the period, decreasing 591.22% to 628.53% compared with the profit of RMB 181m in the same period of last year. In fact, the situation starts long. As early as in 2012, FAW Car received an annual loss of RMB 800m, and the profit decrease turned out to be 468%. Its profit decline in 2014 and 2015 also reached 80% and 60% respectively.
Jul. 27 , 2016