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Great Wall Motors forecasts RMB1.53 bln in semi-annual net profit, reduces 2019 sales goal to 1.07 mln units
Great Wall Motors forecasts RMB1.53 bln in semi-annual net profit, reduces 2019 sales goal to 1.07 mln units

Great Wall Motors expected a semi-annual operating income of RMB41.38 billion for the year of 2019, the automaker announced on July 19.

Jul. 19 , 2019
Human Horizons, State Grid’s subsidiary enter cooperation on ICV charging service
Human Horizons, State Grid’s subsidiary enter cooperation on ICV charging service

Human Horizons entered into an agreement on July 18 with State Grid (Shanghai) Electric Vehicle Service Company Ltd. for a strategic cooperation on ICV energy and charging services.

Jul. 19 , 2019
BYD, Toyota Enter Agreement to Jointly Develop Battery Electric Vehicles
BYD, Toyota Enter Agreement to Jointly Develop Battery Electric Vehicles

BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) announced today that they have signed an agreement for the joint development of battery electric vehicles (BEVs).

Jul. 19 , 2019
Most automakers in China fail to hit half of sales target in H1 2019
Most automakers in China fail to hit half of sales target in H1 2019

After compiling the data offered by a total of 14 automakers, Gasgoo found out that aside from two Sino-Japanese automakers, most companies didn’t achieve 50% of their annual sales targets after half of the year passed by.

Jul. 18 , 2019
Startup Enovate forms battery system joint venture with Shanghai Electric
Startup Enovate forms battery system joint venture with Shanghai Electric

A joint venture focusing on R&D and production of EV battery system technologies jointly built by China’s EV startup Enovate and Shanghai Electric Group Co.,Ltd (Shanghai Electric) was officially registered on June 25, 2019.

Jul. 18 , 2019
BAIC Group says H1 2019 car sales reach 1.109 million, semi-annual profit grow 4.4% YoY
BAIC Group says H1 2019 car sales reach 1.109 million, semi-annual profit grow 4.4% YoY

BAIC Group announced on July 15 via its WeChat account it vehicle sales for the first half of 2019 reached 1.109 million units, outperforming the overall auto industrial level in China by 4.6 percentage points.

Jul. 18 , 2019