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GAC January sales jump 25 percent
GAC January sales jump 25 percent

(GAC) sold 210,151 vehicles in January, 2018, jumping 25.1 percent compared with 167,968 units of the same period last year. Last year, GAC Group delivered over 2 million vehicles, setting a new high record.

Feb. 6 , 2018
Xpeng Motors ambitious to raise over $1 billion in 2018
Xpeng Motors ambitious to raise over $1 billion in 2018

He Xiaopeng, Chairman of Chinese electric vehicle startup Xpeng Motors, revealed in an interview that the automaker strives to raise capital exceeding $1 billion this year.

Feb. 5 , 2018
China secured nearly 50% shares in global new energy passenger vehicle market
China secured nearly 50% shares in global new energy passenger vehicle market

Since China new energy vehicle market is developing and far from saturation, there is great fluctuation in our domestic NEV market. As to the global NEV market, many factors have effect on the sales trend.

Feb. 5 , 2018
BYD to release two pure electric SUVs with maximum range of 400km
BYD to release two pure electric SUVs with maximum range of 400km

BYD will release two pure electric SUVs in 2018, the Yuan EV360 and the Song EV 400. Specifically, the Song EV 400 will have a range of 400km, compared with the existing model’s range of 300km.

Feb. 5 , 2018
Geely said to finish acquiring Daimler shares soon
Geely said to finish acquiring Daimler shares soon

Geely has almost finished acquiring certain shares of Daimler Group at present and the deal is expected to be closed after the Spring Festival.

Feb. 5 , 2018
PSA, Dongfeng Electric Vehicle set up JV to deploy mobility service
PSA, Dongfeng Electric Vehicle set up JV to deploy mobility service

PSA, Dongfeng Electric Vehicle and Wuhan EV Demonstration recently signed a contract to jointly establish a JV in Wuhan, Hubei Province.

Feb. 2 , 2018