News
Faraday Future appoints Dr. Carsten Breitfeld as global CEO, Founder YT JIA assumes role of CPUO
Faraday Future appoints Dr. Carsten Breitfeld as global CEO, Founder YT JIA assumes role of CPUO

YT Jia, FF’s founder, will step down from the CEO position to assume the role of CPUO.

Sep. 3 , 2019
BYD enriches “e” lineup with e2 BEV hitting the market
BYD enriches “e” lineup with e2 BEV hitting the market

BYD’s all-new BEV model, the e2, hit the market on September 2 with its four trim levels priced from RMB89,800 to RMB119,800.

Sep. 3 , 2019
CATL to set up cathode material joint venture with subsidiary
CATL to set up cathode material joint venture with subsidiary

Chinese battery provider CATL and its subsidiary Guangdong Brunp Recycling Technology Co., Ltd. (Brunp Recycling) plan to build a joint venture focusing on cathode materials, the battery manufacturer announced on September 2.

Sep. 3 , 2019
Tesla EVs to be exempted from China’s vehicle purchase tax
Tesla EVs to be exempted from China’s vehicle purchase tax

China will exempt Tesla’s electric vehicles from its vehicle purchase tax, China’s Ministry of Industry and Information Technology (MIIT) said on August 30, amongst an escalating trade tension with the United State.

Sep. 2 , 2019
Trumpchi’s sales decline brings down GAC Group’s first-half revenue
Trumpchi’s sales decline brings down GAC Group’s first-half revenue

GAC Group posted double-digit year-over-year decrease in both first-half revenue and net profit, according to the automaker’s interim report.

Sep. 2 , 2019
Changan Automobile posts 239.17% plunge in H1 profit amongst sales volume drop
Changan Automobile posts 239.17% plunge in H1 profit amongst sales volume drop

Changan Automobile said its first-half revenue dropped 16.18% over the prior-year to RMB29.876 billion, while it posted a loss in shareholders’ net profit of RMB2.24 billion, a year-on-year plunge of 239.17%.

Sep. 2 , 2019