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Great Wall Motor intends to issue convertible bonds worth not more than 8 billion yuan ($1.235 billion) with the net proceeds to be evenly invested in the R&D of new vehicle models and automobile digitalization.
Jan. 25 , 2021
Affected by the impact of coronavirus outbreak in the first quarter, five major publicly-traded Chinese automobile groups suffered decrease in annual sales.
Jan. 23 , 2021
Zhixin Semiconductor Co.,Ltd., a chipset manufacturer backed by Dongfeng Motor Group, is expected to start running its power chip module assembly line with an annual capacity of 300,000 sets in April 2021.
Jan. 22 , 2021
EV startup Sitech and Sinotruck, a state-owned truck manufacturer formed a strategic partnership on Jan. 20 to team up on the R&D and manufacture of products, supply chain management and sales channels, according to a press release.
Jan. 21 , 2021
JAC Motors is soliciting bids from contractors for a construction project of new energy passenger vehicle (NEPV)-related car body component factory, according to Anhui Hefei Public Resource Trading Center.
Jan. 20 , 2021
Guangzhou Chengxing Zhidong Motors Technology Co.,Ltd. (Chengxing Zhidong), a subsidiary of Xpeng Motors, set up an auto parts manufacturing company last week.
Jan. 20 , 2021