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NEV startup ICONIQ qualified to produce EVs by obtaining stake in Tianqi Group’s subsidiary
NEV startup ICONIQ qualified to produce EVs by obtaining stake in Tianqi Group’s subsidiary

Tianjin-headquartered EV startup ICONIQ Motors has obtained the qualification to manufacture new energy vehicles (NEVs) by gaining equity interest in Tianjin Tianqi Group Meiya Automobile Manufactory Co.,Ltd (Tianqi Meiya).

Jul. 24 , 2019
Evergrande Health, Germany-based hofer AG to team up on integrated powertrain tech
Evergrande Health, Germany-based hofer AG to team up on integrated powertrain tech

Evergrande Health announced on July 24 that one of its wholly-owned subsidiaries has entered into an agreement with German powertrain supplier hofer Aktiengesellschaft to set up a joint venture in Germany.

Jul. 24 , 2019
China’s 2019 automobile sales forecast cut to 26.68 million units, CAAM
China’s 2019 automobile sales forecast cut to 26.68 million units, CAAM

The China Association of Automobile Manufacturers (CAAM) recently cut the 2019 car sales volume forecast of China’s auto market to 26.68 million units (down by 5% year on year) from 28 million units as sales still weakened for H1 2019.

Jul. 24 , 2019
BAIC Group takes 5% stake in Daimler AG for cooperation step-up
BAIC Group takes 5% stake in Daimler AG for cooperation step-up

Chinese state-owned automaker Beijing Automotive Group Co.,Ltd (BAIC Group) announced on July 23 it has plowed investment in Daimler AG, a Stuttgart-based auto company who owns Mercedes-Benz, to cement their long-term strategic cooperation.

Jul. 23 , 2019
Geely Holding Rises to 220th Place in Fortune Global 500
Geely Holding Rises to 220th Place in Fortune Global 500

Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology company, rose 47 places in the 2019 Fortune Global 500 to 220th after its last year’s revenues reached US$49.665 billion.

Jul. 23 , 2019
State-owned FAW Group, Dongfeng, Changan Automobile launch T3 mobility service platform
State-owned FAW Group, Dongfeng, Changan Automobile launch T3 mobility service platform

FAW Group, Dongfeng Motor and Changan Automobile on July 22 launched the T3 Mobility platform, which is designed to offer consumers safe, convenient and comfortable mobility services and solve industrial pain points.

Jul. 23 , 2019