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First model of Chery EXEED to hit market at end of this year
First model of Chery EXEED to hit market at end of this year

The first model of EXEED, Chery’s high-end product family will hit the market at the end of this year, according to the person who is close to Chery.

May 30 , 2018
BYD, Daimler to invest RMB 800 million in Denza
BYD, Daimler to invest RMB 800 million in Denza

BYD Automotive Industry Co., Ltd. and Daimler Greater China will add a respective investment of RMB 400 million in Shenzhen Denza New Energy Automobile Co.,Ltd., the 50:50 joint venture of the two which manufactures and supplies electric vehicles.

May 29 , 2018
Chery Auto approves shareholding transfer through investment, share capital increase
Chery Auto approves shareholding transfer through investment, share capital increase

Chinese state-owned automaker Chery Auto approved the resolution on the transfer of the company’s shareholding on May 29, which was unanimously passed by the employees' representatives conference.

May 29 , 2018
SAIC Motor said to tap into ride-hailing realm
SAIC Motor said to tap into ride-hailing realm

Chinese state-owned automaker SAIC Motor plans to step into ride-hailing area, according to local media. Some ride-hailing service practitioner revealed that they have received offers from SAIC Motor.

May 29 , 2018
BYD Yuan EV360 goes on sale with price starting from RMB 79,900
BYD Yuan EV360 goes on sale with price starting from RMB 79,900

BYD Auto announced on May 27 that the Yuan EV 360, a small-sized BEV (battery electric vehicle) model officially go on sale with four versions, priced from RMB 79,900 to RMB 99,900 after deducting the subsidiaries.

May 28 , 2018
EV startup Sitech cooperates with Bosch in AVP, ends over $ 100 million A round financing
EV startup Sitech cooperates with Bosch in AVP, ends over $ 100 million A round financing

Sitech, a Guizhou-based electric vehicle maker, officially formed partnership with the world-leading auto parts provider Bosch on May25. In the future, both parties will jointly develop projects like AVP (automated valet parking).

May 28 , 2018