News
Geely, Foxconn to form joint venture for contract manufacturing service
Geely, Foxconn to form joint venture for contract manufacturing service

Zhejiang Geely Holding Group and Foxconn Technology Group agreed on Jan. 13 to build a joint venture that works on offering contract manufacturing service and tailor-made counseling to global automakers and mobility service providers.

Jan. 13 , 2021
China auto sales dip 1.9% year on year in 2020
China auto sales dip 1.9% year on year in 2020

For the year of 2020, China auto sales edged down 1.9% year on year to 25.311 million units, according to the China Association of Automobile Manufacturers (CAAM).

Jan. 13 , 2021
Evergrande Auto names new chairman
Evergrande Auto names new chairman

China Evergrande New Energy Group Limited announced earlier this month that Shi Shouming has resigned from his positions as an executive director and the chairman of the board of the company, effective Jan. 8, 2021.

Jan. 13 , 2021
Chery Holding boasts 18.7% growth in 2020’s export volume
Chery Holding boasts 18.7% growth in 2020’s export volume

Chery Holding announced its auto sales totaled roughly 730,000 units in 2020. As of Dec., the group’s monthly sales represented month-over-month growth for the tenth month in a row.

Jan. 12 , 2021
China's homegrown PV retail sales drop 6.8% year on year in 2020
China's homegrown PV retail sales drop 6.8% year on year in 2020

For the year of 2020, around 19.605 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year growth of 8.8%, according to the China Passenger Car Association (CPCA)

Jan. 11 , 2021
SAIC Motor’s 2020 net profit likely to dip 21.89% YoY
SAIC Motor’s 2020 net profit likely to dip 21.89% YoY

SAIC Motor said its annual net profit attributable to shareholders in 2020 is anticipated to slump 21.89% year on year to roughly 20 billion yuan ($3.085 billion).

Jan. 11 , 2021