News
Hyundai Motor, CICC Capital to make advancements in China’s new energy commercial vehicle market
Hyundai Motor, CICC Capital to make advancements in China’s new energy commercial vehicle market

Hyundai Motor Group’s commercial vehicle arm in China, Hyundai Truck & Bus, inked a cooperation framework agreement with CICC Capital Operation Co., Ltd. (CICC Capital) in a bid to further the automaker’s deployment in China’s new energy commercial v

Nov. 9 , 2022
Autonomous driving algorithm developer JueFX completes new financing round
Autonomous driving algorithm developer JueFX completes new financing round

China’s autonomous driving startup JueFX announced on November 9 the completion of its latest financing round, which raised the company nearly one hundred million yuan.

Nov. 9 , 2022
JAC Group sees 54% YoY hike in Oct. 2022 battery-electric passenger vehicle sales
JAC Group sees 54% YoY hike in Oct. 2022 battery-electric passenger vehicle sales

In October, JAC Group sold a total of 40,505 vehicles, representing a 10.18% increase over the previous year and a 15% drop from the previous month, according to the company’s report.

Nov. 9 , 2022
Geely, Renault Group intend to build joint venture for powertrain business
Geely, Renault Group intend to build joint venture for powertrain business

Geely Automobile announced on Nov. 8 it has signed a non-binding framework agreement with Geely Holding and Renault Group to create a new joint venture dedicated to developing, and supplying ICE, hybrid powertrains and transmissions.

Nov. 8 , 2022
Tesla sells 71,704 China-made vehicles in October 2022
Tesla sells 71,704 China-made vehicles in October 2022

In the tenth month of 2022, Tesla sold 71,704 China-made vehicles in wholesale, representing a 31.8% jump over the previous year, according to the China Passenger Car Association (CPCA).

Nov. 8 , 2022
China's locally-made PV retail sales climb 7.2% YoY in Oct. 2022
China's locally-made PV retail sales climb 7.2% YoY in Oct. 2022

In Oct. 2022, China's passenger vehicle (PV) retail sales amounted to 1.863 million units, growing 7.2% compared to the previous year, while dipping 4.4% from the previous month, according to the China Passenger Car Association (CPCA).

Nov. 8 , 2022