Japanese auto giant Toyota and China's BYD announced on April 2 the formal establishement of their BEV R&D joint venture.
Apr. 2 , 2020
Geely Auto will not lay off employees, cut salaries or delay wage payment amid the combat against coronavirus, said An Conghui, president and CEO of Geely Auto Group, despite the revenue and profit downturn for 2019 and the impact from the COVID-19.
Apr. 2 , 2020
Chinese home appliance giant Midea Group will spend RMB740 million to control 23.73% of voting shares in Beijing-based variable frequency drive supplier Hiconics Eco-energy Technology (Hiconics).
Apr. 2 , 2020
Great Wall Motor Company Limited (GWM)’s reported an annual net profit attributable to shareholders of 4.497 billion in 2019, a year-on-year decline of 13.64%.
Apr. 1 , 2020
China has determined to extend the validity period of the subsidies on new energy purchases and NEV purchase tax exemption for two years, state media reported on March 31.
Mar. 31 , 2020
Chinese automaker BYD released on March 31 its financial results in 2019.
Mar. 31 , 2020