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Tesla to slow down car delivery in China as coronavirus spreads
Tesla to slow down car delivery in China as coronavirus spreads

Tesla will slow down the delivery of the Shanghai-built Model 3 cars which were supposed to be handed over to China consumers from early February due to the spread of new coronavirus, according to Tesla global vice president Grace Tao.

Feb. 5 , 2020
China’s SVOLT said to be fixed power battery supplier to a European automaker
China’s SVOLT said to be fixed power battery supplier to a European automaker

SVOLT Energy Technology (SVOLT) will become a fixed power battery supplier to a European automobile group, which intends to use SVOLT’s products in its BEV platform available for the global market, according to a person with direct knowledge.

Feb. 5 , 2020
DiDi teams up with ThunderSoft to offer smart auto OS, services
DiDi teams up with ThunderSoft to offer smart auto OS, services

China’s ride-hailing giant Didi Chuxing (DiDi) agreed on Feb.1 the strategic cooperation with ThunderSoft, a Beijing-headquartered operating system (OS) technology provider, to offer OEMs and Tier 1 suppliers automobile OS products.

Feb. 4 , 2020
Chongqing Changan Automobile forecasted to suffer 2019 net loss of over RMB2.4 billion
Chongqing Changan Automobile forecasted to suffer 2019 net loss of over RMB2.4 billion

Chongqing Changan Automobile Co., Ltd. reported it is expected to suffer an annual loss of RMB2.4 billion-2.9 billion for the year of 2019, a year-on-year slump of 452.56%-526.01% from a net profit of RMB680,728,400 attributable to shareholders.

Feb. 3 , 2020
Adient enters into agreement with joint venture partner Yanfeng to restructure existing joint venture relationships and drive shareholder value
Adient enters into agreement with joint venture partner Yanfeng to restructure existing joint venture relationships and drive shareholder value

Adient to sell its 30 percent stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) to Yanfeng.

Feb. 2 , 2020
Global automakers put off restart of China plants’ operation over novel coronavirus concerns
Global automakers put off restart of China plants’ operation over novel coronavirus concerns

Due to the national outbreak of the novel coronavirus, many global automakers have decided to delay the restart of the operation at their China plants.

Feb. 2 , 2020