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SAIC Motor sees 4.65% year-on-year growth in 2018 net profit
SAIC Motor sees 4.65% year-on-year growth in 2018 net profit

SAIC Motor announced its 2018 annual performance on April 1, saying its full-year revenue grew 3.62% year on year to RMB902.19 billion and the net profit attributable to shareholders of the company climbed 4.65% to over 36 billion.

Apr. 2 , 2019
GAC NIO to launch all-new BEV brand
GAC NIO to launch all-new BEV brand

GAC NIO New Energy Automotive Co.,Ltd (GAC NIO) will launch an all-new car brand that focuses on the R&D, sale and relevant services of all-electric vehicles, the company announced on April 1 through its official WeChat account.

Apr. 1 , 2019
Huawei said to join Auto Shanghai 2019 as tier 1 auto supplier for the first time
Huawei said to join Auto Shanghai 2019 as tier 1 auto supplier for the first time

Huawei has reportedly bought a 500-square-meter booth at the upcoming Auto Shanghai 2019 to showcase its tech fruits as a tier 1 automotive supplier for the first time, according to a person with direct knowledge.

Mar. 29 , 2019
BAIC Motor boasts 96.6% year-on-year surge in 2018 net profit
BAIC Motor boasts 96.6% year-on-year surge in 2018 net profit

BAIC Motor Corporation Limited (BAIC Motor) reported on March 27 that its full-year revenue in 2018 reached around RMB151.92 billion, jumping 13.2% compared with RMB134.16 billion earned in 2017.

Mar. 28 , 2019
Daimler and Geely Holding form global joint venture to develop smart
Daimler and Geely Holding form global joint venture to develop smart

​Daimler AG (Daimler) and Zhejiang Geely Holding Group (Geely Holding), the German and Chinese automotive groups, today announced on March 28 the formation of a 50-50 globally focused joint venture.

Mar. 28 , 2019