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Geely Automobile reports 35% YoY drop in 2019 net profit
Geely Automobile reports 35% YoY drop in 2019 net profit

Geely Automobile released its annual result of 2019 on March 30.

Mar. 30 , 2020
DFG Makes Strategic Investment in PATEO CONNECT+
DFG Makes Strategic Investment in PATEO CONNECT+

PATEO (PATEO) has secured a strategic investment from Chinese auto giant DMC (Dongfeng Motor Corporation), signifying that the two parties will carry out in-depth cooperation and join hands to open up a new era for the IoV industry.

Mar. 30 , 2020
Changchun, Ningbo offer subsidies for car purchases
Changchun, Ningbo offer subsidies for car purchases

Two more cities in China, Changchun and Ningbo, joined the string of local governments that offer subsidies to boost car consumption, which is depressed by the COVID-19 spread.

Mar. 30 , 2020
CATL, State Grid's subsidiary set up energy storage joint venture
CATL, State Grid's subsidiary set up energy storage joint venture

CATL and State Grid Integrated Energy Service Group Co.,Ltd., a wholly-owned subsidiary of State Grid, founded a joint venture, which focuses on the investment in energy storage programs and their construction and operation.

Mar. 27 , 2020
Shenzhen to issue policy on promoting passenger-carrying ICV trial operation
Shenzhen to issue policy on promoting passenger-carrying ICV trial operation

Shenzhen is soliciting public opinions on the draft guidelines on promoting application and demonstration of ICVs (the Guidelines), which will allow self-driving cars to carry passengers and freight on certain areas.

Mar. 27 , 2020
Hangzhou adds 20,000 fuel-burning car license plates to simulate auto sales
Hangzhou adds 20,000 fuel-burning car license plates to simulate auto sales

China’s local governments are taking steps to boost car sales that have fallen for two consecutive years and are worsened due to the coronavirus pandemic by increasing annual quota of new license plates.

Mar. 27 , 2020