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GAC invests $ 4.4 million in new R&D facility in Detroit, sees stock price rise with fluctuation today
GAC invests $ 4.4 million in new R&D facility in Detroit, sees stock price rise with fluctuation today

Chinese automaker GAC Group is building a new research and development (R&D) facility in Farmington Hills, Michigan of the U.S., according to local media in the U.S. The company saw its stock price rise with fluctuation today.

Jul. 18 , 2018
CATL sees significant improvement for Q2 net profit, compared with Q1
CATL sees significant improvement for Q2 net profit, compared with Q1

CATL’s net profit attributable to shareholders of the parent company is expected to reach RMB 883.7616 million to RMB 938.4272 million in the first half of 2018, slumping 48.19% to 52.2% compared to the same period last year.

Jul. 18 , 2018
Automakers listed on Fortune’s Top 500 Chinese companies
Automakers listed on Fortune’s Top 500 Chinese companies

Fortune China has released the latest Fortune China Top 500 list on July 10, 2018. A total of 28 automakers and auto parts’ suppliers have entered the list.

Jul. 18 , 2018
Volvo Cars to roll out 4 new models in China next year
Volvo Cars to roll out 4 new models in China next year

Volvo Cars plans to roll out 4 new models in China in 2019, including the All-New V60, the All-New S60, the XC90’s facelift version and the locally-produced All-New XC40.

Jul. 17 , 2018
CATL gains RMB 2.8525 billion prepayment for battery products from BMW Brilliance
CATL gains RMB 2.8525 billion prepayment for battery products from BMW Brilliance

On July 17, CATL announced that considering the long-term strategic partnership between CATL and BMW Brilliance, CATL signed a strategic cooperation agreement with BMW Brilliance and will further deepen cooperation with the joint venture.

Jul. 17 , 2018
Changan Automobile H1 net profit to slump 63.21% to 67.54% year on year
Changan Automobile H1 net profit to slump 63.21% to 67.54% year on year

Chongqing Changan Automobile Co., Ltd (Changan Automobile) forecasted that its net profit attributable to shareholders may reach RMB 1.5billion to RMB 1.7billion for the first half of this year, slumping 63.21% to 67.54% year on year.

Jul. 16 , 2018