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FAW-Toyota to stop producing Prado SUV 3.5L limited by China 6 Emission Standard
FAW-Toyota to stop producing Prado SUV 3.5L limited by China 6 Emission Standard

FAW Toyota, an automobile joint venture between FAW Group and Toyota, is going to stop producing the Toyota Prado 3.5L vehicles for hardly meeting China’s Stage 6 Emission Standard, according to the Chengdu Environmental Protection Bureau.

Apr. 26 , 2019
CATL announces JV contract with FAW Group for power battery production, sales
CATL announces JV contract with FAW Group for power battery production, sales

CATL announced on April 25 that it has signed a contract with the state-owned carmaker FAW Group to jointly set up a company focusing on production and sales of power batteries.

Apr. 26 , 2019
CATL’s 2018 annual report shows 48.08% jump in revenue while net profit drops 12.66%
CATL’s 2018 annual report shows 48.08% jump in revenue while net profit drops 12.66%

CATL released on April 25 its official annual report for 2018, saying its full-year revenue surged 48.08% year on year to RMB29.611 billion, while the net profit attributable to shareholders of the listed company shrank 12.66% year on year.

Apr. 25 , 2019
WEY co-builds tech innovation hub with China Aerospace Science and Technology Corporation
WEY co-builds tech innovation hub with China Aerospace Science and Technology Corporation

WEY, a premium SUV marque of Great Wall Motor, and China Aerospace Science and Technology Corporation (CASC) found a joint technology innovation hub on April 24, which is going to help WEY achieve breakthroughs in R&D and manufacturing areas.

Apr. 25 , 2019
Hydrogen fuel cell vehicles, BEVs will coexist in China for a long time
Hydrogen fuel cell vehicles, BEVs will coexist in China for a long time

Hydrogen fuel cell vehicles and all-electric vehicles will be juxtaposed and complementary for a long term in China to meet the needs of transportation and people’s travel, Huang Libin, a spokesman of China’s MIIT said on April 23.

Apr. 24 , 2019
【March, 2019】China Passenger Vehicle Sales Analysis
【March, 2019】China Passenger Vehicle Sales Analysis

Continuing a YoY decline trend, PV wholesales showed 1.93 million units, down 9.2% YoY in March 2019. The YTD wholesales totaled 5.15 million units and had a big slide of 14.1% YoY

Apr. 24 , 2019