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EV battery supplier CATL says H1 net profit likely to surge 120%-150% year on year
EV battery supplier CATL says H1 net profit likely to surge 120%-150% year on year

Chinese EV battery maker CATL forecast a net profit of RMB2,004,099,400 to RMB2,277,385,700 attributable to shareholders of the public company for the first half of 2019, a year-on-year leap of 120% to 150%.

Jul. 15 , 2019
Changan Automobile forecasts 218.04% to 261.53% year-on-year plunge in 2019 semi-annual net profit
Changan Automobile forecasts 218.04% to 261.53% year-on-year plunge in 2019 semi-annual net profit

Changan Automobile released a review of its 2019 semi-annual performance on July 15, with an expected net loss of around RMB1.9 billion to RMB2.6 billion attributable to shareholders of the public company, plunging 218.04% to 261.53% year on year.

Jul. 15 , 2019
BMW, NavInfo bolster partnership in HD map service for autonomous cars
BMW, NavInfo bolster partnership in HD map service for autonomous cars

BMW China Automotive Trading Ltd. announced on July 15 it has agreed cooperation with NavInfo, a Beijing-based navigation map provider, who will provide BMW’s China branch with high-definition (HD) map service for autonomous vehicles.

Jul. 15 , 2019
FAW-Volkswagen launches mobility service ecosystem integrating finance, pre-owned car resources
FAW-Volkswagen launches mobility service ecosystem integrating finance, pre-owned car resources

FAW-Volkswagen recently launched an alliance that focusing on mobility business services together with UNIQLO, FAW Intelligent Travel Intl Leasing and eHi Car Service, a Chinese designated car service provider.

Jul. 13 , 2019
Summary of mainstream Chinese auto group’s vehicle sales in June
Summary of mainstream Chinese auto group’s vehicle sales in June

Gasgoo compiled the sales data released by nine major auto groups in China. GAC Group, Geely Auto, Great Wall Motor, BYD and JAC Motors all boasted year-on-year growth in June sales.

Jul. 12 , 2019
Volkswagen, FAW Group, JAC Motors, Star Charge formally announce new EV charging JV
Volkswagen, FAW Group, JAC Motors, Star Charge formally announce new EV charging JV

Volkswagen Group China, FAW Group, JAC Motors and Star Charge, a China-based EV charging infrastructure manufacturer, officially announced on July 11 the launching of a new joint venture that focuses on EV charging business.

Jul. 12 , 2019