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Geely Auto will not lay off employees, cut salaries or delay wage payment amid the combat against coronavirus, said An Conghui, president and CEO of Geely Auto Group, despite the revenue and profit downturn for 2019 and the impact from the COVID-19.
Apr. 2 , 2020
Chinese home appliance giant Midea Group will spend RMB740 million to control 23.73% of voting shares in Beijing-based variable frequency drive supplier Hiconics Eco-energy Technology (Hiconics).
Apr. 2 , 2020
BMW Brilliance kicked off on April 1 the construction of its new Tiexi plant, which is expected to largely ramp up BMW’s production capacity in the world’s largest auto market.
Apr. 2 , 2020
China has determined to extend the validity period of the subsidies on new energy purchases and NEV purchase tax exemption for two years, state media reported on March 31.
Mar. 31 , 2020
Chinese automaker BYD released on March 31 its financial results in 2019.
Mar. 31 , 2020
China's VIA (Vehicle Inventory Alert Index) stood at 59.3% in March, a month-on-month drop of 27 percentage points, mainly thanks to the effective containment over the novel coronavirus, according to the China Automobile Dealers Association (CADA).
Mar. 31 , 2020