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JMC New Energy Kunming base to produce 100,000 NEVs per year
JMC New Energy Kunming base to produce 100,000 NEVs per year

The signing and opening ceremony of JMC New Energy (JMEV) Kunming base kicked off in Yunnan Province on Apr. 11. Involving a total investment of RMB 2.446 billion, the project is planned to have an annual production capacity of 100,000 units.

Apr. 12 , 2018
Tencent, Chongqing Changan to build ICV joint venture, co-develop IoV solution
Tencent, Chongqing Changan to build ICV joint venture, co-develop IoV solution

On April 12, Tencent and Chongqing Changan officially signed a cooperation agreement to establish an ICV (intelligent-connected vehicle) joint venture. Both parties will focus on developing IoV integration solutions.

Apr. 12 , 2018
Letv, LeSEE Holding bear no relation with Ruichi’s investment
Letv, LeSEE Holding bear no relation with Ruichi’s investment

Letv stated that Ruichi Intelligent Automobile Co., Ltd. (Ruichi) is a totally independent company which has no legal relationship with LeSEE holding system controlled by Jia Yueting.

Apr. 12 , 2018
China new energy PV Q1 sales soar 136% year on year
China new energy PV Q1 sales soar 136% year on year

Sales of new energy passenger vehicles reached 55,723 units in March, soaring 102% year on year and 93% month on month, according to the data released by the China Passenger Car Association (CPCA) on Apr. 10.

Apr. 11 , 2018
Summary: Profitability of Chinese Automakers in 2017
Summary: Profitability of Chinese Automakers in 2017

According to the financial reports released by corresponding automakers, SAIC Motor became the champion in both operation revenue and net profit among all Chinese automakers.

Apr. 11 , 2018
Chery to release intelligent strategy dubbed Lion
Chery to release intelligent strategy dubbed Lion

Chery now is mulling an intelligent strategy coded “Lion”, covering such five areas as autonomous driving, connected vehicle, mobility service and intelligent manufacturing, according to insiders from Chery.

Apr. 11 , 2018