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CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM
CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM

On May 9th, the China Banking and Insurance Regulatory Commission ("CBIRC") released on its official website a reply regarding the change of shareholders of 1 AN .COM, a Chinese property insurance company.

May 10 , 2023
Changan Automobile, Geely Holding forge strategic partnership
Changan Automobile, Geely Holding forge strategic partnership

Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") and Zhejiang Geely Holding Group (“Geely Holding”) signed a strategic cooperation framework agreement on May 9.

May 9 , 2023
Geely-backed Livan Auto announces 20% YoY jump in Apr. 2023 sales
Geely-backed Livan Auto announces 20% YoY jump in Apr. 2023 sales

Livan Auto, the joint venture between Geely Automobile and Lifan Technology, saw its monthly sales jump 20% year on year to 3,629 units in Apr. 2023, according to the automaker’s press release.

May 9 , 2023
Horizon Robotics, Continental AG build pilot & parking domain control 3.0 solution
Horizon Robotics, Continental AG build pilot & parking domain control 3.0 solution

During the Auto Shanghai 2023, Horizon Robotics and Continental AG reached a consensus at the management level to further deepen their cooperation. Their joint venture will leverage Horizon Robotics' next-generation high-performance chips to develop

May 9 , 2023
NETA S has two new all-electric variants put onto market
NETA S has two new all-electric variants put onto market

On May 9, NETA Auto, a Chinese electric vehicle brand under HOZON Auto, put two new pure-electric variants of its NETA S sedan onto the market, further lowering the entry-level price of the model.

May 9 , 2023
Shanghai extends validity period of subsidy on all-electric passenger vehicle purchase
Shanghai extends validity period of subsidy on all-electric passenger vehicle purchase

Shanghai government has extended validity period of subsidy on all-electric passenger vehicle purchase.

May 9 , 2023