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Dongfeng Motor Group faces two-digit YoY plunge in Jan. 2023 sales
Dongfeng Motor Group faces two-digit YoY plunge in Jan. 2023 sales

In the first month of 2023, Dongfeng Motor Group Company Limited (Dongfeng Motor Group) saw its monthly sales reach 10,808 vehicles, representing a 64.4% plunge from a year ago.

Feb. 13 , 2023
SAIC Motor-backed IM Motors sees LS7 SUV hit market, starting at 309,800 yuan
SAIC Motor-backed IM Motors sees LS7 SUV hit market, starting at 309,800 yuan

IM Motors, the premium electric vehicle (EV) maker backed by SAIC Motor, Alibaba Group, and Zhangjiang High-Tech, put its first SUV model, the IM LS7, onto the market on Feb. 10.

Feb. 13 , 2023
Geely’s premium EV maker ZEEKR nabs $750 million in Series A funding
Geely’s premium EV maker ZEEKR nabs $750 million in Series A funding

ZEEKR Intelligent Technology Co., Ltd., the premium electric vehicle (EV) manufacturer of Geely Auto Group, today announced the completion of its Series A financing, which bagged for the company $750 million.

Feb. 13 , 2023
Changan Automobile’s auto sales fall at double-digit rate YoY in Jan. 2023
Changan Automobile’s auto sales fall at double-digit rate YoY in Jan. 2023

In January 2023, Chinese automaker Chongqing Changan Automobile Co., Ltd. (Changan Automobile) posted a double-digit decline in sales compared to a year ago, according to the company’s report released on February 10.

Feb. 10 , 2023
Beijing expects pilot operation of fully-unmanned Robotaxi service to begin in H1 2023
Beijing expects pilot operation of fully-unmanned Robotaxi service to begin in H1 2023

Beijing High-level Automated Driving Demonstration Area Office (BJHAD Office) disclosed that commercial pilot operation of fully-unmanned vehicles will be implemented in the BJHAD in the first half of 2023, according to a post by Beijing Yizhuang on

Feb. 10 , 2023
China’s power battery installed capacity dips 0.3% YoY in Jan. 2023
China’s power battery installed capacity dips 0.3% YoY in Jan. 2023

In Jan. 2023, China's power battery output reached 28.2GWh, shrinking 5% year on year, while tumbling 46.3% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

Feb. 10 , 2023