Autos

Volvo’s Second-Quarter Operating Profit Jumps 29% to Record USD471 Million

Volvo’s Second-Quarter Operating Profit Jumps 29% to Record USD471 Million

Second-quarter operating profit at Volvo Cars, owned by China’s largest private automaker Geely Holding Group, climbed almost 29 percent…

Jul 20, 2018
Yang Haiyan
For 25 Cents, Buyers May Swallow FAW Xiali’s Debt for Coveted Car-Assembly License

For 25 Cents, Buyers May Swallow FAW Xiali’s Debt for Coveted Car-Assembly License

FAW Xiali Automobile is looking to sell its debt-laden subsidiary FAW Huali Automobile for just CNY1 (USD0.15). Despite its liabilities, buyers…

Jul 20, 2018
Yu Liyan
CATL, GAC to Found NEV Battery Firms to Cope With Demand

CATL, GAC to Found NEV Battery Firms to Cope With Demand

CATL, GAC to Found NEV Battery Firms to Cope With Demand

Jul 19, 2018
Tang Shihua
Chrysler Recalls 20,000+ Jeep Cherokees in China

Chrysler Recalls 20,000+ Jeep Cherokees in China

(Yicai Global) July 19 -- Chrysler Group (China) Sales started the recall yesterday over a latent defect of a portion…

Jul 19, 2018
Xu Zuwei & Liao Shumin
Elon Musk Brought 10 Tesla Model 3s to Beijing for Buyers to Test Drive

Elon Musk Brought 10 Tesla Model 3s to Beijing for Buyers to Test Drive

Elon Musk, the entrepreneur behind US electric car firm Tesla, brought 10 of its latest Model 3 prototypes to Beijing showrooms on his visit last week.

Jul 18, 2018
Liao Shumin
Tinci Materials to Use NEV Battery By-Products for Drugs, Pesticides

Tinci Materials to Use NEV Battery By-Products for Drugs, Pesticides

A unit of Tinci Materials Technology will seek uses for by-products that form while refining materials for new energy vehicles' batteries.

Jul 17, 2018
Tang Shihua
Chinese Carmaker Trio Embark on Ride-Hailing Foray

Chinese Carmaker Trio Embark on Ride-Hailing Foray

Three of China’s biggest automakers have joined hands to form their own ride-hailing firm in an effort to capitalize on the country’s rapidly growing demand in the sector.

Jul 16, 2018
Chen Juan & Liu Jing
Zotye Will Build a USD224.30 Million ICV Electronic Parts Base in East China

Zotye Will Build a USD224.30 Million ICV Electronic Parts Base in East China

Zotye Auto plans to spend CNY1.5 billion (USD224.30 million) to build a production base for electronic parts for intelligent connected…

Jul 16, 2018
Tang Shihua
China's Great Wall Motor Picks Yonggui Electric's Parts for NEVs

China's Great Wall Motor Picks Yonggui Electric's Parts for NEVs

China's Great Wall Motor has chosen a unit of Yonggui Electric Equipment to supply it with auto parts.

Jul 16, 2018
Tang Shihua
China's Lifan to Sell Up to USD100 Million Worth of Cars to Russian ABC-Motor

China's Lifan to Sell Up to USD100 Million Worth of Cars to Russian ABC-Motor

Automaker Lifan Industry signed a USD100 million deal with a Russian car sales firm to sell more of its vehicles in the Eurasian country.

Jul 16, 2018
Dou Shicong
Tesla Sets Its First Chinese Technology Innovation Center in Beijing

Tesla Sets Its First Chinese Technology Innovation Center in Beijing

US electric vehicle leviathan Tesla has set up a technology innovation center in Beijing to research and develop new-energy products, it announced yesterday. The news follows hard on the heels…

Jul 13, 2018
Liu Jing & Liao Shumin
Shanghai Will Add Over 153,000 NEVs in Next Three Years

Shanghai Will Add Over 153,000 NEVs in Next Three Years

Shanghai plans to promote the use of at least 43,000, 50,000 and 60,000 new energy vehicles in 2018, 2019, 2020, respectively. The proportion…

Jul 13, 2018
Xu Zuwei & Liao Shumin

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