News
False emission report on Chengdu motor vehicles will face maximum penalty of RMB 500,000
False emission report on Chengdu motor vehicles will face maximum penalty of RMB 500,000

Reporters learn from the press conference held by Chengdu Environmental Protection Bureau on October 27th that anyone issuing or using false emission results will face a maximum penalty of RMB 500,000.

Nov. 1 , 2017
Jia Yueting denies FF bankruptcy while private funds suffer a lot in investing LeSee
Jia Yueting denies FF bankruptcy while private funds suffer a lot in investing LeSee

it’s reported that Jia Yueting intends to submit for FF bankruptcy and then sell it to other investors in America, but Faraday Future denies the report.

Nov. 1 , 2017
FAW Xiali’s operation revenue decreases 20%
FAW Xiali’s operation revenue decreases 20%

the operating income of FAW Xiali in third quarter is about 374 million, a year-on-year decline of 20.26%; net loss attributable to shareholders of listed companies is about RMB 437 million, up 42.86% compared to the same period of in last year.

Nov. 1 , 2017
Most JVs fail to complete sales target during previous three quarters
Most JVs fail to complete sales target during previous three quarters

By the end of the third quarter in September, only a few JV carmakers had completed their 75% sales targets, and more than a half of JV car companies failed to achieve their targets.

Nov. 1 , 2017
BYD sets up joint venture with Faurecia
BYD sets up joint venture with Faurecia

BYD and Faurecia announced the establishment of a joint venture. Named Shenzhen Faurecia Automotive Parts Co., Ltd., the new joint venture will focus on developing and manufacturing advanced seating solutions for BYD-affiliated OEM brand.

Nov. 1 , 2017
Zhejiang constructs solar road providing electricity for EVs
Zhejiang constructs solar road providing electricity for EVs

A solar road with global maximum load is completed in the park of Shaoxing Lanting Solar Energy Scientific and Technological Company Ltd., Zhejiang Province.

Oct. 31 , 2017