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FAW-VW, Audi sign MoU to inject China-built Audi models with more sports DNA
FAW-VW, Audi sign MoU to inject China-built Audi models with more sports DNA

FAW-Volkswagen (FAW-VW) and German premium carmaker Audi recently signed a memorandum of understanding (MoU) to imbue Audi-branded models produced by the Sino-German joint venture with more genes of Audi Sport.

Dec. 17 , 2019
China’s new vehicle sales in 2020 projected to drop 2%, CAAM
China’s new vehicle sales in 2020 projected to drop 2%, CAAM

China’s auto sales in 2020 are forecasted to slide 2% year on year to around 25.31 million units, Xu Haidong, an assistant to the secretary-general of the China Association of Automobile Manufacturers (CAAM), said on December 12.

Dec. 17 , 2019
Startup Skywell ambitious to roll out four new models in next five years
Startup Skywell ambitious to roll out four new models in next five years

The newborn EV brand “Skywell” has already launched its product plan, less than a week after its name was firstly known by the public.

Dec. 16 , 2019
China’s homegrown new energy PV sales slide YoY for 5th month in a row
China’s homegrown new energy PV sales slide YoY for 5th month in a row

China’s automakers sold roughly 79,000 locally-produced new energy PVs (NEPVs, referring to all-electric PVs and plug-in hybrid PVs) in November, clocking a sharp decrease of 41.7% over a year ago, according to the China Passenger Car Association.

Dec. 16 , 2019
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer

FAW Car, a subsidiary of FAW Group, transferred its assets in economic development zone of Changchun to a stamping dies company dubbed Zhisheng in the capital of Jilin for 81.2 million yuan ($11.5 million).

Dec. 13 , 2019
Sky-well New Energy Automobile, BAK Battery to ally on battery supply, NEV tech development
Sky-well New Energy Automobile, BAK Battery to ally on battery supply, NEV tech development

On December 12, Sky-well New Energy Automobile Group Co. Ltd (Sky-well) and Shenzhen BAK Power Battery Co., Ltd (BAK Battery) agreed to forge a long-term strategic partnership on new energy vehicle (NEV) development.

Dec. 13 , 2019