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Tianjin FAW Xiali estimates loss of RMB 1.6 billion for 2017
Tianjin FAW Xiali estimates loss of RMB 1.6 billion for 2017

Tianjin FAW Xiali estimated a loss of RMB 1.605 billion to RMB 1.685 for the financial achievements in 2017, according to the automaker.

Jan. 31 , 2018
FAW Car teams up with Corun to tailor HEV model
FAW Car teams up with Corun to tailor HEV model

FAW Car announced on Jan. 30 that it signed a cooperation agreement with Hunan Corun New Energy Co., Ltd. (hereinafter referred to as Corun) in Changchun, Capital of Jilin Province.

Jan. 30 , 2018
Beijing Hyundai to release 9 new NEV models before 2020
Beijing Hyundai to release 9 new NEV models before 2020

Beijing Hyundai will release nine new NEV models before 2020.

Jan. 30 , 2018
Leapmotor closes pre-A round financing of RMB 400 million
Leapmotor closes pre-A round financing of RMB 400 million

Leapmotor announced in recent days that it received investments from four institutions and three investors, after the pre-A round financing was led by Sequoia Capital China.

Jan. 30 , 2018
Chongqing Sokon expects 2017 net profit to rise 36 to 43% year on year
Chongqing Sokon expects 2017 net profit to rise 36 to 43% year on year

Chongqing Sokon Industry Group Stock Co.,Ltd (Chongqing Sokon) said it expects to achieve 2017 net profit of RMB 700 million to RMB 735 million, rising 36 to 43 percent year on year.

Jan. 30 , 2018
Quanergy to build biggest production base in China
Quanergy to build biggest production base in China

Quanergy will produce LiDAR in Sensata’s, its strategic partner, factory in Suzhou and are expected to have an annual production capacity of 10 million sets, which will be expanded into 100 million, subject to market demands.

Jan. 30 , 2018