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Magna opens new mechatronics engineering center in Suzhou
Magna opens new mechatronics engineering center in Suzhou

On December 5, Magna, a world’s leading mobility technology company, officially opened a mechatronics engineering center in Suzhou, Jiangsu Province of China.

Dec. 5 , 2018
More details about NIO ES6 exposed
More details about NIO ES6 exposed

NIO launched the presale of the NIO ES6 5-seater all-electric SUV on December 1 with a price staring from RMB370,000 and is ready to formally unveil the new model at the NIO Day 2018 held on December 15. Let’s see what bright spots the ES6 boasts.

Dec. 5 , 2018
BYD subsidiaries return part of idle funds used as supplementary working capital ahead of schedule
BYD subsidiaries return part of idle funds used as supplementary working capital ahead of schedule

China-based automaker BYD announced on December 3 that it has returned part of idle funds raised used to provisionally supplement working capital ahead of schedule.

Dec. 5 , 2018
Two new Buick NEV models to be made in China with total annual capacity of 88,000 units
Two new Buick NEV models to be made in China with total annual capacity of 88,000 units

Buick is going to have two NEV models code-named K226 and K228 locally produced in China with a total annual capacity of 88,000 units, according to local media. Meanwhile, the annual capacity of the Buick Excelle will be decreased by 88,000 units.

Dec. 4 , 2018
Lexus denies rumor about local producer in China
Lexus denies rumor about local producer in China

It is rumored that FAW Toyota will locally produce Lexus branded models. Yet, this report was denied by Lexus China and FAW Toyota on December 4.

Dec. 4 , 2018
NIO ES8 Nov. deliveries soar 96% month on month to 3,089 units
NIO ES8 Nov. deliveries soar 96% month on month to 3,089 units

China-based NIO delivered 3,089 ES8s last month, achieving a significant month-on-month (MoM) growth of 96%. By the end of November, the EV startup handed over a total of 8,030 vehicles, according to local media.

Dec. 4 , 2018