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Changan Automobile’s Dec. sales soar 31% YoY, YTD sales show contracted decline
Changan Automobile’s Dec. sales soar 31% YoY, YTD sales show contracted decline

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said its new vehicle sales in December 2019 soared 31% over a year ago to 193,716 units, maintaining the growth from November.

Jan. 7 , 2020
Tesla announces start of Model Y’s local production in China
Tesla announces start of Model Y’s local production in China

Tesla formally kicked off the large-scale delivery of its China-made Model 3 sedans on January 7 at its Shanghai plant. Meanwhile, the project of the Model Y is to be launched there, according to a living video broadcast from Tesla’s Weibo account.

Jan. 7 , 2020
GM Delivers 3.09 Million Vehicles in China in 2019
GM Delivers 3.09 Million Vehicles in China in 2019

General Motors and its joint ventures delivered more than 3.09 million vehicles in China in 2019, amid a challenging environment with weakened consumer demand.

Jan. 7 , 2020
FAW invests RMB 470 mln to produce more Hongqi-branded vehicles
FAW invests RMB 470 mln to produce more Hongqi-branded vehicles

FAW Group plans to invest roughly 470 million yuan ($67.4 million) in upgrading the production line to further increase the annual capacity of its premium Hongqi brand to 184,000 units.

Jan. 7 , 2020
NIO Inc. Provides December 2019 Delivery Update
NIO Inc. Provides December 2019 Delivery Update

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its December 2019 delivery results.

Jan. 6 , 2020
BYTON and Marubeni Corporation Strike a Strategic Partnership with further progress in Series C Financing
BYTON and Marubeni Corporation Strike a Strategic Partnership with further progress in Series C Financing

Today, BYTON and Marubeni Corporation announced a strategic partnership. Marubeni will become a partner in BYTON’s Series C financing.

Jan. 6 , 2020