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SAIC’s RMB500 million worth of fuel cell project launched in Jiading
SAIC’s RMB500 million worth of fuel cell project launched in Jiading

Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT) launched on March 16 a new fuel cell project at Jiading District in Shanghai, which is expected to help SAIC Motor speed up the industrialization of fuel cell-related products.

Mar. 17 , 2020
Impact of COVID-19 on Power Battery Industry 【Vol.6】
Impact of COVID-19 on Power Battery Industry 【Vol.6】

Global spread of COVID-19 epidemic sends shock waves through the power battery industry.

Mar. 17 , 2020
Great Wall Motor lowers 2020 sales, net profit targets due to coronavirus impact
Great Wall Motor lowers 2020 sales, net profit targets due to coronavirus impact

Great Wall Motor (GWM), China’s biggest SUV and pickup manufacturer, has cut its 2020 sales target to 1.02 million units from 1.11 million as the coronavirus epidemic undermines its outputs and consumers demands.

Mar. 17 , 2020
MIIT supports priority in work resumption of Hubei auto parts suppliers
MIIT supports priority in work resumption of Hubei auto parts suppliers

Given that the epidemic in Hubei province has been effectively contained, the resumption of local businesses’ operation and production should be addressed now.

Mar. 16 , 2020
China-built Tesla Model 3 Long Range exempted from vehicle purchase tax on NEVs
China-built Tesla Model 3 Long Range exempted from vehicle purchase tax on NEVs

The Model 3 Long Range built by Tesla (China) Co.,Ltd has been exempted from the vehicle purchase Tax on NEVs, according to a catalogue issued by China’s Ministry of Industry and Information Technology (MIIT) on March 12.

Mar. 15 , 2020
Hongqi defies against general downturn with 32.5% YoY jump in Feb. sales
Hongqi defies against general downturn with 32.5% YoY jump in Feb. sales

With 3,752 units sold, Hongqi, a premium auto marque of the state-run FAW Group, boasted a remarkable year-on-year growth of 32.5%, a very rare performance to the overall auto market which has been shocked by the coronavirus spread.

Mar. 13 , 2020