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Huawei’s Octopus autonomous driving cloud service platform put into use
Huawei’s Octopus autonomous driving cloud service platform put into use

Huawei has made its autonomous driving cloud service (Octopus) platform operational at Xiangjiang New Area, Hunan province.

Mar. 19 , 2020
China Q1 auto sales projected to drop 45% if coronavirus effectively controlled by Mar.
China Q1 auto sales projected to drop 45% if coronavirus effectively controlled by Mar.

China’s auto outputs and sales are projected to slump 45% year on year in the first quarter (Q1) if the coronavirus epidemic is effectively contained by the end of March, according to the CAAM.

Mar. 19 , 2020
JAC Motors turns loss into profit in 2019
JAC Motors turns loss into profit in 2019

Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors) announced it 2019 net profit attributable to shareholders reached RMB106.015 million, bringing the money-losing firm into the black over the annual loss of RMB786.144 million for 2018.

Mar. 19 , 2020
EV startups Xpeng Motors, Byton jointly invest in NEV R&D company
EV startups Xpeng Motors, Byton jointly invest in NEV R&D company

Xpeng Motors and Byton have jointly invested in a Nanjing-registered NEV R&D company, a significant cooperation formed between two Chinese EV startups.

Mar. 18 , 2020
China PV retail sales forecasted to show smaller drop in March
China PV retail sales forecasted to show smaller drop in March

China’s retail sales of locally-produced PVs (referring to cars, SUVs and MPVs) are forecasted to reach 1.03 million units in Mar., plunging 41% year on year, while better than that of a month ago, according to the China Passenger Car Association.

Mar. 18 , 2020
Source: Chery’s intelligent vehicle unit receives RMB200 million of registered capital
Source: Chery’s intelligent vehicle unit receives RMB200 million of registered capital

Wuhu Lion Automotive Technologies Co., Ltd. (Lion Tech), positioned as the operational entity of Chery intelligent vehicle business unit, has already received the capital of RMB200 million from five shareholders.

Mar. 18 , 2020