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Chery Holding posts 1.2% YoY growth in 2020 revenue
Chery Holding posts 1.2% YoY growth in 2020 revenue

Chery Holding announced on Tuesday it earned 105.6 billion yuan ($16.25 billion) in revenue for the year of 2020, a year-on-year growth of 1.2%.

Mar. 16 , 2021
CATL to strengthen energy storage offensive through tie-up with China’s SPIC
CATL to strengthen energy storage offensive through tie-up with China’s SPIC

Chinese power battery giant CATL and State Power Investment Corporation Limited signed an agreement several days ago to step up the strategic cooperation on branding, marketing channels, technologies and products.

Mar. 16 , 2021
TuSimple gets Shanghai’s nod to road test self-driving trucks
TuSimple gets Shanghai’s nod to road test self-driving trucks

Self-driving truck startup TuSimple has recently been granted the permit that allows its autonomous truck fleet to carry freight in Shanghai, according to a posting on TuSimple’s WeChat account.

Mar. 16 , 2021
XPeng’s subsidiary banks 500 million yuan from Guangdong provincial investment arm
XPeng’s subsidiary banks 500 million yuan from Guangdong provincial investment arm

XPeng Inc. announced on March 15 it has signed an agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (“Utrust”), the investment arm of the Guangdong provincial government, for a strategic investment worth 500 million yuan.

Mar. 15 , 2021
Japanese automakers China car sales rocket in Feb. over previous year
Japanese automakers China car sales rocket in Feb. over previous year

In February 2021, four major Japanese automakers, namely Toyota, Honda, Nissan, Mazda, all saw their China sales vigorously surged from a year ago when the country was at the height of the coronavirus pandemic.

Mar. 12 , 2021
Intelligence strategy is key to XPeng’s high delivery, revenue growth
Intelligence strategy is key to XPeng’s high delivery, revenue growth

One of the main contributing factors to the high growth in deliveries and revenues should be its unique strategy for auto intelligentization.

Mar. 12 , 2021