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Geely said to acquire 15.24% stake in CV maker Hualing Xingma Automobile
Geely said to acquire 15.24% stake in CV maker Hualing Xingma Automobile

Geely, a Chinese highest-profile privately owned automaker, might acquire 15.24% stake in Hualing Xingma Automobile, an Anhui-based commercial vehicle manufacturer listed on Shanghai Stock Exchange, a local media outlet revealed on June 3.

Jun. 3 , 2020
Honda says China auto deliveries edge down 1.7% year on year in May
Honda says China auto deliveries edge down 1.7% year on year in May

Honda announced that its automobile deliveries in China edged down 1.7% from a year ago to 134,230 units in May, while jumped 18.3% compared to April.

Jun. 3 , 2020
FAW’s Mazda business unit formally begins operation
FAW’s Mazda business unit formally begins operation

FAW Group’s independent business unit set for Mazda brand officially started operation on June 1, and it will take over the whole operational businesses of the Sino-Japanese brand from FAW Car Co., Ltd, according to the Chinese state-owned automaker.

Jun. 3 , 2020
Beijing to add 20,000 NEV license plates for car-free families
Beijing to add 20,000 NEV license plates for car-free families

Beijing plans to increase 20,000 NEV (new energy vehicle) license plates at one go in the second half of 2020, which will be all allocated to car-free families, according to a draft regulation released by Beijing Municipal Commission of Transport.

Jun. 1 , 2020
Xpeng Motors plows 10 mln yuan in founding new sales & service subsidiary
Xpeng Motors plows 10 mln yuan in founding new sales & service subsidiary

Chinese EV startup Xpeng Motors founded a sales & service subsidiary on May 26 which involves a registered capital of 10 million yuan ($1,401,090), according to the business data search platform Tianyancha.

Jun. 1 , 2020
Shenzhen Baoneng Motor’s first vehicle expected to roll off production line in fourth quarter
Shenzhen Baoneng Motor’s first vehicle expected to roll off production line in fourth quarter

On May 30, Shenzhen Baoneng Motor Co.,Ltd. was inaugurated at Longhua District in Shenzhen, where Changan PSA Automobiles Co., Ltd. (CAPSA) was previously located, according to a posting on Baoneng Motor’s WeChat account.

Jun. 1 , 2020