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BMW Brilliance funnels RMB1.759 billion in additional annual capacity of 40,000 iX3s
BMW Brilliance funnels RMB1.759 billion in additional annual capacity of 40,000 iX3s

BMW Brilliance was recently permitted by the authority to upgrade the existing assembly line of the BMW X3, which will ramp up annual capacity by 40,000 BMW X3 all-electric SUVs for the automaker.The program involves an investment of RMB1.759 bln.

Nov. 28 , 2018
WM Motor EX6 to hit market in fourth quarter next year
WM Motor EX6 to hit market in fourth quarter next year

Chinese electric vehicle (EV) startup WM Motor is expected to launch the EX6 into market in the fourth quarter next year, according to local media. The new vehicle is a mid-size 6-seat all-electric SUV with a 2-2-2 seating arrangement.

Nov. 28 , 2018
Lynk & Co 05 spied on the road, said to hit markets in 2019
Lynk & Co 05 spied on the road, said to hit markets in 2019

The Lynk & Co 05 developed by Lynk & Co, the car brand jointly owned by Geely and Volvo Cars, has been recently spied on the road. The new vehicle is expected to go on sale next year.

Nov. 28 , 2018
FAW Group waives controlling shareholder rights in Changchun Faway Automobile Components
FAW Group waives controlling shareholder rights in Changchun Faway Automobile Components

FAW Group is no longer the controlling shareholder and actual controller of Changchun Faway Automobile Components Co.,Ltd (Faway), who has no controlling shareholder and actual controller at present.

Nov. 26 , 2018
MIIT to remove 199 models from Catalogue of New-Energy Automobile Models Exempt from Vehicle Purchase Tax
MIIT to remove 199 models from Catalogue of New-Energy Automobile Models Exempt from Vehicle Purchase Tax

MIIT recently announced that a total of 199 models without production outputs or import volume by the end of October 2018 are likely to be removed from the Catalogue of New-Energy Automobile Models Exempt from Vehicle Purchase Tax.

Nov. 26 , 2018
Chery Jaguar Land Rover to invest RMB7 bln in NEV, R&D program in Changshu
Chery Jaguar Land Rover to invest RMB7 bln in NEV, R&D program in Changshu

Chery Jaguar Land Rover Automotive Co., Ltd. signed a cooperation agreement on November 22 with Changshu Economic and Technological Development Zone for the automaker’s program of new energy vehicle (NEV) and R&D center.

Nov. 26 , 2018