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Tencent invests in GAC-backed supercharging startup Greater Bay Technology
Tencent invests in GAC-backed supercharging startup Greater Bay Technology

China’s tech giant Tencent has indirectly invested in GAC-affiliated Guangzhou Juwan Technology Research Co., Ltd. (Greater Bay Technology) and became a shareholder of the energy storage company on April 6th.

Apr. 8 , 2022
Toyota Gosei to build new airbag plant in China’s Guangdong province
Toyota Gosei to build new airbag plant in China’s Guangdong province

Toyota Gosei Co., Ltd., an affiliate of Toyota Motor Corporation, plans to establish a new plant in Guangdong province of South China to consolidate its production network for airbags and steering wheels.

Apr. 8 , 2022
Nissan March sales drop 32.6% YoY in China
Nissan March sales drop 32.6% YoY in China

Nissan Motor’s March sales volume in China saw an overall decline, but sales of the ALTIMAs and Qashqais hit a new high regarding the models’ historic first-quarter sales, Nissan Motor reported on April 7th.

Apr. 8 , 2022
NIO lifts shareholding in joint venture with JAC Group
NIO lifts shareholding in joint venture with JAC Group

Chinese EV startup has increased its stake in Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. (“Jianglai”), the joint venture it builds with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Group”), a year after Jianglai was established.

Apr. 8 , 2022
BAIC BJEV boasts three-digit YoY growth in March production, sales volumes
BAIC BJEV boasts three-digit YoY growth in March production, sales volumes

BAIC BJEV produced and sold 1,019 and 5,735 vehicles in March 2022, representing a year-on-year hike of 239.7% and 438.5% respectively.

Apr. 8 , 2022
Dongfeng Motor's Q1 PV sales rise 14.7% YoY
Dongfeng Motor's Q1 PV sales rise 14.7% YoY

In the first quarter of 2022, Dongfeng Motor Corporation (DFMC) saw a 3.2% year-on-year growth in sales, mostly contributed by its passenger vehicle sector, the automaker reported on April 8th.

Apr. 8 , 2022