Market & Industry
China’s Chery to Work with Shou Qi Group for Developing Business of Renting Alternative Energy Vehicles

Chery, a leading manufacturer of alternative energy vehicles in China, has signed agreement to cooperate with Shou Qi Group, a provider of service of car renting, leading to a plan to produce 10, 000 units of alternative energy vehicles.

Jun. 27 , 2016
BAIC BJEV will increase RMB 3b funds for R&D and develop six new models each year

BAIC BJEV completed the delivery of 20,000 units’ alternative energy vehicles in 2015, ranking first in China and fourth in the world in terms of BEV sales volume. Reporters got official news that the company has completed the increase of RMB 3b funds, which will be used for supporting domestic company operation and the construction of overseas R&D bases. It will strive to achieve the launching of six new models every year.

Jun. 27 , 2016
A China’s Provider of Taxi Service Has Asked for Governmental Regulations on Service of Online Car Renting

Shanghai Dazhong Taxi & Car Leasing Corporate in China has asked for governmental investigation into operation of companies proving service of car renting online by Ministry of Transport of China, reflecting the fact that development of business of online car rental has made threat to taxi market in China.

Jun. 27 , 2016