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SAIC Motor, GWM’s fuel cell tech developers forge partnership
SAIC Motor, GWM’s fuel cell tech developers forge partnership

SHPT and Weishi Energy Technology Co.,Ltd. (Weishi), the fuel cell-related product and technology developers under SAIC Motor and GWM, signed on November 11a frame agreement for the strategic cooperation on the R&D of parts related to fuel cells.

Nov. 12 , 2020
CA, PA ICVs to account for over 50% of new car sales in 2025
CA, PA ICVs to account for over 50% of new car sales in 2025

China’s Technology Roadmap for Intelligent-Connected Vehicles 2.0 was formally launched at the 2020 WICV (World Intelligent Connected Vehicles Conference) kicking off on November 11.

Nov. 11 , 2020
China auto sales jump 12.5% YoY in October
China auto sales jump 12.5% YoY in October

China auto outputs and sales reached 2.552 million units and 2.573 million units respectively in October, jumping 11% and 12.5% from a year ago, according to the CAAM.

Nov. 11 , 2020
Li Auto’s Zhejiang-based affiliated company set up for auto parts business, NEV sale
Li Auto’s Zhejiang-based affiliated company set up for auto parts business, NEV sale

Zhejiang Lixiang Auto Co.,Ltd. (Zhejiang Lixiang), an affiliated company of Chinese EV startup Li Auto, was founded on November 9, according to the corporate data platform Qichacha.

Nov. 10 , 2020
GAC Group’s NEV unit said to go public on STAR Market
GAC Group’s NEV unit said to go public on STAR Market

GAC NE, the NEV unit of GAC Group, will unveil its IPO plan as early as November and is mulling over the listing on the sci-tech innovation board (STAR Market), a local media outlet reported earlier this month.

Nov. 10 , 2020
FAW nabs year-on-year growth in both Oct. sales and outputs
FAW nabs year-on-year growth in both Oct. sales and outputs

FAW Group sold 354,504 new vehicles in October, a year-on-year growth of 6.8%, and saw its production volume jump 12% to 341,323 units.

Nov. 10 , 2020