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BYD posts 31.37% YoY decline in 2018 net profits
BYD posts 31.37% YoY decline in 2018 net profits

Chinese automaker BYD announced that its gross revenues in 2018 jumped 22.79% year on year to RMB130.055 billion, the sixth consecutive yearly increase.

Feb. 28 , 2019
CATL, FAW Group build power battery joint venture
CATL, FAW Group build power battery joint venture

China-based power battery provider Contemporary Amperex Technology Limited (CATL) and the state-owned carmaker FAW Group have set up a joint venture dubbed CATL-FAW Power Battery Company (CATL-FAW), according to tianyancha.com.

Feb. 27 , 2019
Evergrande sets up NEV company with four wholly-owned subsidiaries
Evergrande sets up NEV company with four wholly-owned subsidiaries

Evergrande New Energy Vehicle Co., Ltd was founded on January 25 with a registered capital of $2 billion, according to the record from tianyancha.com, a data search platform in China.

Feb. 27 , 2019
Audi Announces 4 New Plug-In Hybrids: Q5, A6, A7 & A8
Audi Announces 4 New Plug-In Hybrids: Q5, A6, A7 & A8

Audi revealed more details on its new plug-in hybrid models, which will be unveiled at the 2019 Geneva Motor Show. There will be a total of four, all to be available for order later this year.

Feb. 26 , 2019
Great Wall Motor to start new auto program in Zhejiang Province
Great Wall Motor to start new auto program in Zhejiang Province

On February 23, Great Wall Holdings Group signed an agreement with Pinghu Municipal Government to build a complete vehicle base, a R&D center and a mobility service operator at National Level Pinghu Economic-technological Development Zone.

Feb. 26 , 2019
Geely unveils GE11 compact BEV on February 26
Geely unveils GE11 compact BEV on February 26

Geely is soon to launch the all-new GE11 compact all-electric sedan on February 26. The new model is a “globally developed product” and will spearhead Geely’s foray into overseas markets, the automaker said.

Feb. 26 , 2019