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China sees annual power battery installed capacity zoom up 90.7% YoY in 2022
China sees annual power battery installed capacity zoom up 90.7% YoY in 2022

China's annual power battery installed capacity in 2022 surged 90.7% year over year to 294.6GWh.

Jan. 12 , 2023
FAW Group aims to sell 4 million in 2023
FAW Group aims to sell 4 million in 2023

China’s major automaker FAW Group saw its 2022 annual sales volume reach 3.2 million vehicles, the company announced at a press conference on Monday.

Jan. 12 , 2023
Apollo Future Mobility to acquire WM Motor’s subsidiary for US$2.023 billion
Apollo Future Mobility to acquire WM Motor’s subsidiary for US$2.023 billion

A wholly-owned subsidiary of Apollo Future MobilityWM Motor Holdings Limited ("WM Motor entered into an agreement under which the former conditionally agreed to buy shares from the latter.

Jan. 12 , 2023
BAIC Group sees 2022 annual profit rise 4.7% YoY with 1.45 million vehicles sold
BAIC Group sees 2022 annual profit rise 4.7% YoY with 1.45 million vehicles sold

Beijing-based automaker BAIC Group disclosed its annual auto output and sales both reached 1.45 million units, bringing in a yearly revenue of 450.7 billion yuan (US$66.54 billion) in the year 2022.

Jan. 11 , 2023
China’s new energy vehicle registrations soar 81.48% YoY in 2022: MPS
China’s new energy vehicle registrations soar 81.48% YoY in 2022: MPS

China's motor vehicle parc amounted to roughly 417 million units by the end of Dec. 2022, 319 million of which were automobiles, according to China's Ministry of Public Security (MPS).

Jan. 11 , 2023
CATL’s Qilin battery likely to go into volume production in Q1 2023
CATL’s Qilin battery likely to go into volume production in Q1 2023

The Qilin battery, the battery using CATL's third-generation CTP (cell-to-pack) technology, is expected for volume production in the first quarter of 2023, CATL revealed at the investor Q&A platform of the Shenzhen Stock Exchange.

Jan. 11 , 2023