News
China’s auto export up 25.8% year on year in 2017
China’s auto export up 25.8% year on year in 2017

In 2017, China exported around 891 thousand vehicles with a year-on-year growth of 25.8%. This is the first positive return after 4 consecutive years of annual export volume decreases.

Jan. 24 , 2018
FAW ambitious to enter top 5 NEV sales list in China
FAW ambitious to enter top 5 NEV sales list in China

At the 2018 China EV 100 Forum, Dong Haiyang, assistant general-manager of FAW Group Corporation (FAW), made a speech about FAW’s status quo and strategic planning in new energy vehicle (NEV) and intelligent driving area.

Jan. 24 , 2018
BAIC BJEV achieves back-door listing with valuation of RMB 28.8 billion
BAIC BJEV achieves back-door listing with valuation of RMB 28.8 billion

Chengdu Chiffo Electronic Co., Ltd (Chiffo) plans to acquire whole stake of BAIC BJEV from its 36 shareholders including BAIC Group with a total of RMB 28.85 billion.

Jan. 24 , 2018
BMW to expand mobility program in China
BMW to expand mobility program in China

On January 21, at 2018 China EV100 Forum, Joe Pattinson, Head of Mobility Services at BMW China, extended BMW’s will to expand its mobility service business in China. In his speech, Pattinson mentioned BMW’s partnership with EVCARD.

Jan. 23 , 2018
BYD urges more government support for PHEV
BYD urges more government support for PHEV

Wang Chuanfu, chairman and president of BYD Auto, stated that the plug-in hybrid electric vehicle (PHEV) will be preferred by private consumers around the world and thus the government policy should encourage the promotion of PHEVs.

Jan. 23 , 2018
GAC’s net profit likely to exceed RMB 10 billion
GAC’s net profit likely to exceed RMB 10 billion

GAC released its financial report for 2017 recently. The expected increment of net profit attributable to the shareholders of listed companies will range from RMB 3.45 billion to RMB 5.34 billion.

Jan. 23 , 2018