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Great Wall Holdings, Sinopec team up on hydrogen energy
Great Wall Holdings, Sinopec team up on hydrogen energy

Great Wall Holdings Group Limited and China’s state-controlled oil firm Sinopec Group inked a framework agreement on May 12 to cooperate on hydrogen energy business, according to a posting on Great Wall Motor (GWM)’s WeChat account.

May 13 , 2021
Autonomous driving startup WeRide closes Series C funding round, valued at $3.3 billion
Autonomous driving startup WeRide closes Series C funding round, valued at $3.3 billion

Chinese autonomous driving startup WeRide announced on May 13 the completion of its Series C funding with several hundred million dollars raised, valuing the company at $3.3 billion.

May 13 , 2021
Geely Holding builds wholly-owned NEV tech subsidiary in Sichuan
Geely Holding builds wholly-owned NEV tech subsidiary in Sichuan

Zhejiang Geely Holding Group (Geely Holding) recently established in Sichuan province a wholly-owned subsidiary that will work on new energy vehicle-related businesses.

May 12 , 2021
SAIC Motor sees Jan.-Apr. 2021 sales zoom up 42.44% YoY
SAIC Motor sees Jan.-Apr. 2021 sales zoom up 42.44% YoY

In the Jan.-Apr. period of the year, SAIC Motor sold 1,561,929 vehicles in total, recording a year-on-year surge of 42.44%.

May 11 , 2021
China's homegrown PV retail sales jump 12.4% YoY in April 2021
China's homegrown PV retail sales jump 12.4% YoY in April 2021

In April 2021, around 1.643 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year growth of 12.4%, according to the China Passenger Car Association (CPCA).

May 11 , 2021
Great Wall Motor announces robust YoY growth of 14% in Apr. 2021 sales
Great Wall Motor announces robust YoY growth of 14% in Apr. 2021 sales

Great Wall Motor (GWM) announced its new vehicle sales for April grew 14% year on year to 91,784 units, of which 9,081 vehicles were exported outside China, an upward movement of 349% from the previous year.

May 11 , 2021