The registered capital of a XPENG Motors' subsidiary, engaging in charging piles' manufacturing, has recently grown to RMB500 million (US$71.16 million) from RMB100 million (US$14.23 million).
Nov. 19 , 2019
China’s auto market is going to maintain a high-quality development with both auto sales and PV sales in 2020 forecasted to rise 1% year on year, Cui Dongshu, secretary general of the China Passenger Car Association (CPCA) said on November 16.
Nov. 19 , 2019
The China Automotive Testing Cycle standard applicable to light-duty vehicles and heavy-duty commercial vehicles were announced by China’s authorities in late October.
Nov. 19 , 2019
China’s largest automaker SAIC Motor expects its overseas auto sales to reach 1 million units by 2025, according to a senior executive of the company, as more automakers are seeking growth in global businesses amid the slowdown in domestic market.
Nov. 15 , 2019
Affected by overall sluggish market climate, quite a few automakers in China also suffered prolonged decrease, while there were some companies, such as Great Wall Motor, Geely and Chery Holding, still performing against the general cooling trend.
Nov. 15 , 2019
Tesla has already obtained the license to manufacture vehicles at Gigafactory 3 in Shanghai and sell them in China, marking its imminent take-off in the world’s largest auto market.
Nov. 14 , 2019