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SAIC Maxus September sales soars 79%
SAIC Maxus September sales soars 79%

SAIC Maxus September sales soared 79% to 7,637 units. SAIC Maxus aims to have a sales target of 300,000 units in 2020, and the overseas sales will account for 30%.

Oct. 19 , 2017
Changan will ban sales of fuel-powered vehicles from 2025
Changan will ban sales of fuel-powered vehicles from 2025

Today, Changan Automobile announced its Shangri-La Plan. The automaker shared its latest news on such areas as new energy vehicle platform and product development.

Oct. 19 , 2017
UPDATE-Magna sets e-powertrain joint venture with Huayu Automotive Systems
UPDATE-Magna sets e-powertrain joint venture with Huayu Automotive Systems

On October 18, Magna signed a joint-venture agreement with Huayu Automotive Systems Co., Ltd., (HASCO,600741.SH), a subsidiary of SAIC Motor.

Oct. 19 , 2017
Chery may be split into four parts and cooperate with Wuliangye to manufacture vehicles
Chery may be split into four parts and cooperate with Wuliangye to manufacture vehicles

Insiders expose that Chery’s brands will be split to sell although it won’t be sold as a whole.

Oct. 18 , 2017
Baidu joins forces with King Long to launch autonomous bus next year
Baidu joins forces with King Long to launch autonomous bus next year

Baidu and King Long’s autonomous bus will be launched next year, posing challenge to sharing bicycles

Oct. 18 , 2017
Chongqing Sokon plans to acquire Tesla former CEO’s startup
Chongqing Sokon plans to acquire Tesla former CEO’s startup

Chongqing Sokon Industry Group Co., Ltd announced on October 17 that its wholly owned subsidiary SF MOTORS planned to acquire 100% stake of InEVit with a transaction price of 33 million dollars.

Oct. 18 , 2017