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Dongfeng Motor, its subsidiary receive RMB 10.63 million local NEV subsidies
Dongfeng Motor, its subsidiary receive RMB 10.63 million local NEV subsidies

Dongfeng Motor recently received the rest part of the 2015 new energy vehicle subsidies of RMB 7.33 million and its subsidiary also received the 2016 new energy subsidies of RMB 3.3 million from Xiangyang Municipal Financial Bureau.

Jan. 3 , 2018
Total sales of Roewe, MG exceed 500,000 in 2017
Total sales of Roewe, MG exceed 500,000 in 2017

On Jan 2, SAIC started the construction of the second phase of its Zhengzhou base, which covers 1.06 square meters. The second phase will start to build products under Roewe and MG from 2020 and its annual capacity will be up to 600,000 units.

Jan. 3 , 2018
Dongfeng Renault creates new sales record in 2017
Dongfeng Renault creates new sales record in 2017

According to Dongfeng Renault Automotive Company (Dongfeng Renault), in 2017, two models (all-new Koleos and KADJAR) of this brand sold 72,188 units in total, increased 140% year on year.

Jan. 3 , 2018
TOGO closes $ 26 million B+ financing round
TOGO closes $ 26 million B+ financing round

Beijing TOGO Science and Technology company (TOGO) announced on Jan. 2 that it had finished $ 26 million B+ financing round, which is led by Crescent HydePark (CHP), and followed by SIG Asia Investment and ZhenFund.

Jan. 2 , 2018
Dongfeng Motor sells its stake in Honda China
Dongfeng Motor sells its stake in Honda China

According to Shanghai United Assets and Equity Exchange, Dongfeng Motor Corporation (Dongfeng Motor) has put its 10% stake in Honda Automobile (China) Co.,Ltd (Honda China) up for sale at a listed price of RMB 94,870,000 on January 2,2018.

Jan. 2 , 2018
Jia Yueting entrusts his wife, brother to settle debt issue
Jia Yueting entrusts his wife, brother to settle debt issue

Jia confirmed in his statement that Faraday Future has made great progress in financing. But he can’t go back to China for the moment, because he was needed to ensure FF 91’s production and on-time delivery.

Jan. 2 , 2018