News
Summary: 2018 NEV sales target completion rate for China-based mainstream automakers
Summary: 2018 NEV sales target completion rate for China-based mainstream automakers

China’s new energy vehicle (NEV) sales shot up 61.7% year on year (YoY) to 1.256 million units, according to sales data released by the China Association of Automobile Manufacturers (CAAM).

Jan. 31 , 2019
Zhejiang Geely denies plan to purchase Alfa Romeo, Maserati
Zhejiang Geely denies plan to purchase Alfa Romeo, Maserati

Recent media reports from Italy have reported that Zhejiang Geely Holding Group (ZGH) is interested in purchasing the Alfa-Romeo and Maserati brands from Fiat-Chrysler Automobile (FCA). The automaker denies the rumor on Jan. 31.

Jan. 31 , 2019
WM Motor, Meituan Dache enters into strategic partnership for ride-hailing service
WM Motor, Meituan Dache enters into strategic partnership for ride-hailing service

On January 30, China-based EV startup WM Motor forged a strategic partnership with Meituan Dache, a ride-haling service platform operated by China’s largest on-demand food delivery service provider Meituan Dianping.

Jan. 31 , 2019
Changan Automobile may see net profits plunge around 90% year on year
Changan Automobile may see net profits plunge around 90% year on year

Changan Automobile may see its net profits attributable to shareholders of listed company in 2018 reached RMB500 million to RMB750 million, the automaker announced on January 30.

Jan. 30 , 2019
NEVS forms joint venture with Sweden-based supercar maker KAAB
NEVS forms joint venture with Sweden-based supercar maker KAAB

Evergrande Health announced that on January 29, its subsidiary NEVS entered into a joint venture agreement with Koenigsegg Automotive AB (KAAB), a supercar company based in Sweden.

Jan. 30 , 2019
BAIC BJEV, Baidu ally on automotive cybersecurity
BAIC BJEV, Baidu ally on automotive cybersecurity

On January 28, BAIC BJEV and Chinese Internet giant Baidu announced the establishment of an automotive cybersecurity joint laboratory at the EV maker’s Global Partner Conference.

Jan. 29 , 2019