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Changan Auto’s new energy subsidiary to raise RMB5 billion
Changan Auto’s new energy subsidiary to raise RMB5 billion

Chongqing Changan New Energy Vehicles Technology Co., Ltd., Changan Auto’s new energy joint venture, planned to conduct an RMB5 billion capital increase through a public listing, which may be the final capital increase before its IPO.

Jan. 20 , 2022
Geely, Sunwoda’s joint venture breaks ground on power battery production base
Geely, Sunwoda’s joint venture breaks ground on power battery production base

Chinese automaker Geely Auto and battery maker Sunwoda on Jan. 19 broke ground on the power batter manufacturing base under the operation of their joint venture, according to a post on Sunwoda’s WeChat account.

Jan. 20 , 2022
CATL’s module battery swap solution to serve taxi, ride-hailing first through Bestune NAT
CATL’s module battery swap solution to serve taxi, ride-hailing first through Bestune NAT

CATL will promote battery swapping model in taxi and ride-hailing service scenarios first through the strategic cooperation with Bestune, an automotive brand of FAW Group.

Jan. 20 , 2022
FAW Group sets annual sales target of 4.1 million vehicles in 2022
FAW Group sets annual sales target of 4.1 million vehicles in 2022

FAW Group, released its 2022 annual performance and operation targets at its press conference on January 18th. In 2022, FAW Group sets out to sell 4.1 million vehicles in total, with 450,000 to 500,000 vehicles from its Hongqi brand.

Jan. 19 , 2022
China’s Guangxi aims to produce, sell 1 million plus NEVs annually by 2025
China’s Guangxi aims to produce, sell 1 million plus NEVs annually by 2025

Outputs and sales of new energy vehicles (NEVs) in South China's Guangxi Zhuang Autonomous Region (GZAR) are expected to rise to around 30% of the region's overall new car production and sales volumes by 2025.

Jan. 19 , 2022
Baidu’s JIDU releases tease video for concept RoboCar
Baidu’s JIDU releases tease video for concept RoboCar

After the logo releasement a day ago, Baidu's JIDU released a tease video of its automotive robot (RoboCar) concept car on January 19th, marking the brand's first time to unveil design-related content since its establishment.

Jan. 19 , 2022