China’s Vehicle Inventory Alert Index stood at 54% in September, which rose 1.2 percentage points compared to the previous month, while dropped 4.6 percentage points over the previous year, according to the China Automobile Dealers Association.
Oct. 9 , 2020
Horizon Robotics and the German automotive parts manufacturer Continental AG recently signed a memorandum of understanding (MoU) to carry out in-depth cooperation in high-level ADAS and driving automation.
Sep. 30 , 2020
On September 25, 2020, NIO Inc. (“NIO” or the “Company”), through its wholly owned subsidiary, signed an agreement to subscribe for the newly increased capital of NIO (Anhui) Holding Co., Ltd. at a subscription price of $600 million.
Sep. 30 , 2020
Electrification is one of major themes conveyed by the ongoing Beijing International Automotive Exhibition (the Auto China 2020). Among 785 models exhibited on the motor show, over 160 are electrified models.
Sep. 29 , 2020
CATL-FAW Power Battery Co.,Ltd. (called “CATL-FAW” for short), a joint venture between the Chinese power battery giant CATL and automaker FAW Group, has been put into operation on September 28, according to a posting via CATL’s WeChat account.
Sep. 29 , 2020
The Ministry of Industry and Trade of the Russian Federation signed on September 25 a special investment contract (SPIC) with Haval Russia Automotive Manufacturing Co., Ltd.—a subsidiary of the Chinese carmaker Great Wall Motor.
Sep. 29 , 2020