News
Mazda Aug. China sales declines 27% YoY
Mazda Aug. China sales declines 27% YoY

In August, Mazda Motor’s China retail sales fell 27.7% year on year to 12,528 vehicles, representing another drop of 7.1% compared to July.

Sep. 7 , 2021
BYD Semiconductor resumes IPO program
BYD Semiconductor resumes IPO program

BYD Semiconductor, the semiconductor unit of BYD Company Limited, has recently resumed its IPO process, which was halted in mid-August due to a regulatory investigation into its advisory law firm.

Sep. 7 , 2021
Former Geely executive joins Xiaomi-backed capital firm, likely to lead vehicle business
Former Geely executive joins Xiaomi-backed capital firm, likely to lead vehicle business

The Beijing-based venture capital company Shunwei Capital recently updated its management team portfolio on its official website. The update showed that the former executive Hu Zhengnan joined Shunwei.

Sep. 7 , 2021
Geely Auto August sales down 22% YoY
Geely Auto August sales down 22% YoY

Its year-to-date sales grew by 9% from a year ago to 817,860 vehicles, just completing 53.5% of its annual sales target (1.53 million).

Sep. 7 , 2021
China’s July NEV sales account for 53% of global NEV sales
China’s July NEV sales account for 53% of global NEV sales

2.84 million new energy passenger vehicles were sold globally from January to July, 48% of which were sold in China. For July alone, China’s NEV sales accounted for 53% of the global NEV sales volume, according to Cui Dongshu.

Sep. 7 , 2021
Geely-backed Cao Cao Mobility raises 3.8 billion yuan in Series B financing
Geely-backed Cao Cao Mobility raises 3.8 billion yuan in Series B financing

Cao Cao Mobility, a ride-hailing platform strategically invested by Geely Technology Group, announced earlier this week it has closed the Series B funding with 3.8 billion yuan ($588.609 million) raised.

Sep. 7 , 2021