News
Startup Skywell ambitious to roll out four new models in next five years
Startup Skywell ambitious to roll out four new models in next five years

The newborn EV brand “Skywell” has already launched its product plan, less than a week after its name was firstly known by the public.

Dec. 16 , 2019
GWM-BMW JV given approval for establishment of foreign-invested enterprise
GWM-BMW JV given approval for establishment of foreign-invested enterprise

Spotlight Automotive, the joint venture between Germany’s BMW Group and China’s Great Wall Motor (GWM), has been granted China’s governmental approval for establishment of enterprises with foreign investment.

Dec. 16 , 2019
XPENG Motors says collective share pledge is for the sake of equity structure improvement
XPENG Motors says collective share pledge is for the sake of equity structure improvement

All 47 shareholders of Guangzhou Chengxing Zhidong Automobile Technology Co., Ltd, also known as XPENG Motors, have made the equity stakes they hold in the Guangzhou-based EV startup pledged on December 10.

Dec. 16 , 2019
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer

FAW Car, a subsidiary of FAW Group, transferred its assets in economic development zone of Changchun to a stamping dies company dubbed Zhisheng in the capital of Jilin for 81.2 million yuan ($11.5 million).

Dec. 13 , 2019
FAW-Volkswagen fulfills 89% of annual sales goal
FAW-Volkswagen fulfills 89% of annual sales goal

With a total of 1,895,696 new vehicles (including Audi imported vehicles) delivered from January through November, FAW-Volkswagen has already accomplished 89% of its 2019 sales target.

Dec. 13 , 2019
Sky-well New Energy Automobile, BAK Battery to ally on battery supply, NEV tech development
Sky-well New Energy Automobile, BAK Battery to ally on battery supply, NEV tech development

On December 12, Sky-well New Energy Automobile Group Co. Ltd (Sky-well) and Shenzhen BAK Power Battery Co., Ltd (BAK Battery) agreed to forge a long-term strategic partnership on new energy vehicle (NEV) development.

Dec. 13 , 2019