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Geely Auto to plow 40% of proceeds from RMB share issuance in auto R&D
Geely Auto to plow 40% of proceeds from RMB share issuance in auto R&D

Geely Automobile Holdings Limited (Geely Auto) released on June 24 more details about the preliminary proposal for the possible RMB share issuance and listing on the Science and Technology Innovation Board (Sci-Tech Board) which has been approved by

Jun. 28 , 2020
GAC NIO, NIO co-develop new car platform powered by L4 autonomous driving tech
GAC NIO, NIO co-develop new car platform powered by L4 autonomous driving tech

GAC NIO New Energy Automotive CO., (GAC NIO) is working with NIO, one of its parent companies, to research and develop a new vehicle platform based on level 4 autonomous driving technologies, Liao Bing, CEO of GAC NIO, told a local media outlet.

Jun. 28 , 2020
Tesla’s China-made Model 3 registrations hit another record high
Tesla’s China-made Model 3 registrations hit another record high

In May, 11,362 consumers in China purchased the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for the China-built Tesla Model 3 cars, a precipitous growth of 173.52% month on month, according to the CIRC.

Jun. 28 , 2020
【May, 2020】China Passenger Vehicle Sales Analysis
May, 2020】China Passenger Vehicle Sales Analysis

PV sales in May grew by 6.6% YoY and 8.9% MoM respectively.

Jun. 24 , 2020
Geely’s all-new mid-sized SUV Haoyue goes on sales with price starting at 103,600 yuan
Geely’s all-new mid-sized SUV Haoyue goes on sales with price starting at 103,600 yuan

Geely’s all-new SUV “ Haoyue” hit the market on June 23 with its price range—103,600 yuan ($14,667) to 139,600 yuan ($19,764)—announced at the same time.

Jun. 23 , 2020
Great Wall Motor’s auto parts supplier HYCET starts construction of 9AT base in Yongchuan
Great Wall Motor’s auto parts supplier HYCET starts construction of 9AT base in Yongchuan

HYCET E-Chuang Technology Co.,Ltd. (HYCET), a wholly-owned subsidiary of Great Wall Motor (GWM), celebrated on June 19 the first spade cut of its 9AT (9-speed automatic transmission) base in Yongchuan district, Chongqing.

Jun. 23 , 2020