News
CABRI plans to increase investment to promote development of lithium battery technology
CABRI plans to increase investment to promote development of lithium battery technology

In order to promote the development of lithium battery technology, China Automotive Battery Research Institute (CABRI), known as the national team for vehicle power battery, plans to increase another capital sum of no more than RMB 540 million.

Nov. 13 , 2017
Faraday Future said to raise 900 million dollars from Tata
Faraday Future said to raise 900 million dollars from Tata

Faraday Future, backed by Chinese entrepreneur Jia Yueting, managed to raise 900 million dollars from Indian Tata Group.

Nov. 13 , 2017
Kangde cooperates with BAIC to build biggest carbon fiber auto parts base
Kangde cooperates with BAIC to build biggest carbon fiber auto parts base

The project was jointly invested by Kangde Group, BAIC Group and Changzhou Hi-tech Group with a total investment of 12 billion yuan in three phases.

Nov. 13 , 2017
SUV sales of Sokon Industry Group grow 70% year-on-year in October
SUV sales of Sokon Industry Group grow 70% year-on-year in October

Sokon Industry Group released its October output and sales volume report on the night of November 9th, showing that its total sales volume for passenger vehicles and commercial vehicles reached 42,003 units with 24.74% year-on-year growth.

Nov. 10 , 2017
SAIC plans to take on Toyota in hydrogen fuel-cell vehicle
SAIC plans to take on Toyota in hydrogen fuel-cell vehicle

Leader of SAIC Group Foresight Department mentioned that the 200-type fuel-cell power system still lags behind Toyota’s products, but the 300-type fuel-cell power system to be launched next year will be capable to compete with Toyota’s products.

Nov. 10 , 2017
Geely’s annual sales expected to exceed 1.2 million
Geely’s annual sales expected to exceed 1.2 million

We expect that plus the sales of the coming model of LYNK & CO, Geely’s annual sales will exceed 1.2 million units.

Nov. 10 , 2017