News
China’s auto designer IAT to set up skateboard chassis joint venture with former HUAWEI SVP
China’s auto designer IAT to set up skateboard chassis joint venture with former HUAWEI SVP

China’s automobile design enterprise, IAT Automobile Technology Co., Ltd. (IAT), is planning to establish a joint venture dedicated to skateboard chassis, according to the company’s announcement on February 19th.

Feb. 21 , 2022
China’s HOZON Auto reportedly closes 2 billion yuan new funding round
China’s HOZON Auto reportedly closes 2 billion yuan new funding round

HOZON Auto, the startup owning the NEV brand NETA, recently secured over 2 billion yuan ($316.22 million) in the third round of its D series financing, according to a local media outlet.

Feb. 21 , 2022
SAIC Audi starts presale of Q5 e-tron BEV, starting at 395,500 yuan
SAIC Audi starts presale of Q5 e-tron BEV, starting at 395,500 yuan

The Q5 e-tron, the second model under the SAIC-Audi project, officially became available for presale on Feb. 18. Coming with nine trim levels, the new model is priced between 395,500 yuan ($62,530) and 510,000 yuan ($80,640) in presale.

Feb. 21 , 2022
Sokon Group projects net loss in billions in 2021, due to heavy investments in SERES
Sokon Group projects net loss in billions in 2021, due to heavy investments in SERES

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the parent company of the auto brand SERES, recently released its 2021 annual performance projection report with an estimated annual loss posted.

Feb. 21 , 2022
China adds about 31,000 public charging piles in January, up 772.6% YoY
China adds about 31,000 public charging piles in January, up 772.6% YoY

By the end of January 2022, there were 2.731 million charging piles deployed across China, up 59.1% from the same period of 2021, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

Feb. 21 , 2022
FAW Hongqi, Aulton to expand battery swap network to 120 stations in Changchun
FAW Hongqi, Aulton to expand battery swap network to 120 stations in Changchun

FAW Group’s mainstay brand, Hongqi, has deepened its partnership with China’s largest battery-swapping service provider, Aulton, the automaker announced on February 18th.

Feb. 21 , 2022