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NIO shares close at $6.60 after market debut
NIO shares close at $6.60 after market debut

On September 12, Chinese electric vehicle startup NIO went public on the New York stock exchange, the first Chinese electric vehicle startup listed in the U.S. NIO priced its shares at $6.26 in the initial public offering.

Sep. 12 , 2018
FAW-VW second SUV model TAYRON to be launched on Sept. 19
FAW-VW second SUV model TAYRON to be launched on Sept. 19

FAW-Volkswagen will launch its second SUV model dubbed the TAYRON and announce its Chinese name on September 19, the company said on Wednesday. According to previous local reports, the TAYRON is expected to go on sale in November.

Sep. 12 , 2018
Top 20 car models by August sales
Top 20 car models by August sales

The nationwide car sales shrank 4.3% from the previous year to around 900 thousand units, accounting for 51% of overall PV sales in China last month.

Sep. 12 , 2018
Daimler Greater China names Guan Shaoqing as new strategy executive vice president
Daimler Greater China names Guan Shaoqing as new strategy executive vice president

Guan Shaoqing, the current head of public relations (PR) at Daimler Greater China Ltd. (DGRC) and Beijing Mercedes-Benz Sales Company (BMBS), has been promoted to strategy executive vice president at DGRC, DGRC and BMBS announced on September 11.

Sep. 11 , 2018
WM Motor EX5 volume car priced from RMB 186,550 to RMB 247,300
WM Motor EX5 volume car priced from RMB 186,550 to RMB 247,300

Chinese EV startup WM Motor officially announced on September 10 that the EX5 volume vehicle will be priced from RMB 186,550 to RMB 247,300, according to local media.

Sep. 11 , 2018
Geely plows RMB8 bln in new power battery base in Hubei
Geely plows RMB8 bln in new power battery base in Hubei

Geely’s new power battery base has settled in Jingzhou, Hubei province in recent days, according to local media. Involving a total investment of RMB8 billion, the new base might be put into operation in 2020.

Sep. 10 , 2018