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BAIC BJEV approved to be listed on stock market in June or July by back-door listing
BAIC BJEV approved to be listed on stock market in June or July by back-door listing

On June 1, SST Qianfeng announced that it has been approved by China Security Regulatory Commission to issue stock shares to acquire 100% stake of BAIC BJEV.

Jun. 4 , 2018
Geely Auto to produce new 1.0TD engine with annual capacity of 400,000 units
Geely Auto to produce new 1.0TD engine with annual capacity of 400,000 units

Zhejiang Yili Automobile Components Co.,Ltd (Zhejiang Yili), Geely Auto’s subsidiary, has got governmental approval to operate the 1.0TD (1.0L turbocharged direct injection) engine program with an annual capacity of 400,000 units.

Jun. 4 , 2018
Alibaba, RoboSense announce world’s first solid-state LiDAR-equipped unmanned logistics vehicle
Alibaba, RoboSense announce world’s first solid-state LiDAR-equipped unmanned logistics vehicle

Alibaba Group’s Cainiao Network and RoboSense, jointly launched G Plus, the world’s first solid-state LiDAR-equipped unmanned logistics vehicle at the 2018 Global Smart Logistics Summit (GSLS) on May 31.

Jun. 1 , 2018
JD.com’s self-driving truck expected to start trial operation by 2020
JD.com’s self-driving truck expected to start trial operation by 2020

JD.com debuted its self-developed L4 self-driving heavy truck at 618 JD CUBE on May 29 which is expected to launch commercial trial-operation by 2020. In the future, the group will focus on the R&D and promotion of the self-driving truck on highways.

Jun. 1 , 2018
China takes up 45% of global new energy PV sales during past four months
China takes up 45% of global new energy PV sales during past four months

During the first four months in 2018, China accounted for 45% in global new energy vehicle sales. The total sales of global new energy passenger vehicles reached about 430,000 units with a steep rise of 52% year on year.

Jun. 1 , 2018
Summary of imported auto brands joining price cuts in China after hefty tariff break
Summary of imported auto brands joining price cuts in China after hefty tariff break

China will cut the import tariffs on complete vehicles and auto parts from July 1, 2018. Gasgoo summarizes some models' price adjustments of Tesla, Jeep, Ford, Lincoln, Mitsubishi, Volvo, Mercedes-Benz, BMW,etc, after the tariff cuts announcement.

Jun. 1 , 2018