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AutoNavi launches AMAP AUTO 3.0 using nebula engine
AutoNavi launches AMAP AUTO 3.0 using nebula engine

On March 29, AutoNavi, a China’s leading online mapping service provider, officially launched its new-generation intelligent in-vehicle navigation dubbed AMAP AUTO 3.0.

Mar. 30 , 2018
Upgrade of NIO ES8 to have doubled range and stronger performance
Upgrade of NIO ES8 to have doubled range and stronger performance

According to insiders from NIO, the all-new ES8 will make official debut in 2021. The new model is slated to have great improvement in power performance and is expected to double the range to 600km.

Mar. 30 , 2018
BMW Brilliance earns profit of over RMB 10.4 billion in 2017
BMW Brilliance earns profit of over RMB 10.4 billion in 2017

BMW Brilliance released its 2017 financial results on Mar. 28, saying it earned profit of RMB 10.4754 billion last year with a YoY increase of 31%.

Mar. 30 , 2018
BYD intends to make spin-off battery unit to be listed on stock exchange
BYD intends to make spin-off battery unit to be listed on stock exchange

BYD intends to spin off its battery and photovoltaic unit and further promote the separated unit to be listed on a stock exchange, aiming to rival with CATL and trying to seize the to-be-lost strategic opportunities in battery industry.

Mar. 29 , 2018
NDRC permits CAPSA 50/50 capital increase of RMB 3.6 billion
NDRC permits CAPSA 50/50 capital increase of RMB 3.6 billion

The National Development and Reform Commission released a letter of rely saying that both Chinese and foreign shareholders of Changan PSA Automobiles Co., Ltd are permitted to increase a total of RMB 3.6 billion investment at the ratio of 50 to 50.

Mar. 29 , 2018
Changan Auto 2017 net profit slumps 30.61% YoY to RMB 7.139 billion
Changan Auto 2017 net profit slumps 30.61% YoY to RMB 7.139 billion

Changan Auto announced that the company achieved operation revenue of RMB 80.001 billion last year, edging up 1.87% year on year. Besides, the net profit attributable to shareholders slumped 30.61% from a year earlier to RMB 7.139 billion.

Mar. 29 , 2018