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Corun’s plan to acquire 36.97% stake in Geely-backed CHS conditionally approved by CSRC
Corun’s plan to acquire 36.97% stake in Geely-backed CHS conditionally approved by CSRC

Chinese hybrid power system supplier Hunan Corun New Energy Co.,Ltd (Corun)’s plan to acquire 36.97% stake in ChinaHybrid System Co., Ltd (CHS Company) has been conditionally approved by the China Securities Regulatory Commission (CSRC).

Jan. 24 , 2019
Deloitte predicts strong growth of EV Market: oversupply in 10 Years
Deloitte predicts strong growth of EV Market: oversupply in 10 Years

According to the latest from Deloitte research, sales of plug-in electric cars by 2030 will increase beyond 20 million per year.

Jan. 23 , 2019
Jiangling Motors net profits in 2018 likely to plunge 87% to only RMB91.83 million
Jiangling Motors net profits in 2018 likely to plunge 87% to only RMB91.83 million

Jiangling Motors Co., Ltd. (JMC) may see its net profits attributable to shareholders of the listed company in 2018 plunge 87% year on year to RMB91.83 million and the basic earnings per share was RMB 0.11, RMB0.69 less than a year ago.

Jan. 23 , 2019
Sedan of FAW-VW all-new sub-brand to be built based on Jetta
Sedan of FAW-VW all-new sub-brand to be built based on Jetta

FAW Volkswagen said several days ago that the all-new sub-brand of Volkswagen brand will formally be launched in the first quarter of 2019. The test mule of a sedan under the new sub-brand was recently spied on the road.

Jan. 22 , 2019
China’s EV startup XPENG Motors said to unveil second model at Auto Shanghai 2019
China’s EV startup XPENG Motors said to unveil second model at Auto Shanghai 2019

XPENG Motor's second model, positioned as a mid-sized BEV sedan that is to compete with the Tesla Model S in terms of intelligent level, is expected to make its debut at Shanghai International Automobile Industry Exhibition 2019.

Jan. 22 , 2019
BYD Song MAX DM/EV versions to seat 6 or 7 passengers
BYD Song MAX DM/EV versions to seat 6 or 7 passengers

Patent images of the BYD Song MAX’s DM (dual motor) version and EV version have been released in recent days. They will offer seating for either six or seven as same as the existing fuel-burning version.

Jan. 22 , 2019