- Evergrande Auto to raise HK$26 billion by introducing 6 investors
Evergrande Auto, the NEV arm of Chinese real estate giant China Evergrande Group, announced on Jan. 24, it agreed with six investors to allot and issue a total of 952,383,000 shares, raising an aggreg...
Jan. 25 , 2021
- Summary of eight Chinese public auto groups’ 2020 sales
Affected by the impact of coronavirus outbreak in the first quarter, five major publicly-traded Chinese automobile groups suffered decrease in annual sales.
Jan. 23 , 2021
- Dongfeng-backed chip producer to mass produce power semiconductor modules from April
Zhixin Semiconductor Co.,Ltd., a chipset manufacturer backed by Dongfeng Motor Group, is expected to start running its power chip module assembly line with an annual capacity of 300,000 sets in April ...
Jan. 22 , 2021
- China PV retail sales likely to grow 8% in 2021, CPCA
China auto retail sales in 2021 are forecasted to climb 4% year on year, while the annual passenger vehicle deliveries are likely to grow 8%, said Cui Dongshu, secretary general of the China Passenger...
Jan. 22 , 2021
- Hefei said to pump 2 billion yuan into EV startup Leapmotor
Hefei municipal government intends to invest around 2 billion yuan ($308.2 million) in Leapmotor, a Hangzhou-headquartered Chinese EV startup, according to a local media outlet, quoting a person close...
Jan. 22 , 2021
- Volkswagen Group China’s EVP Weiming Soh to be off duties
Weiming Soh, a veteran executive serving for Volkswagen Group for 16 years, will resign from the German auto giant, according to a statement from Mobility Asia, a wholly-owned subsidiary of Volkswagen...
Jan. 21 , 2021
- Second JAC-NIO joint manufacturing base put out to tender
JAC Motors is soliciting bids from contractors for a construction project of new energy passenger vehicle (NEPV)-related car body component factory, according to Anhui Hefei Public Resource Trading Ce...
Jan. 20 , 2021
- Great Wall Motor hits 10-million-unit production milestone for complete vehicles
The 10 millionth complete vehicle of Great Wall Motor (GWM) rolled off the production line at the automaker’s Xushui plant on Jan. 19, making GWM the first SUV-/pickup-focused Chinese automaker achi...
Jan. 20 , 2021
