Autos

Hafei Auto Offers 38% Stake in Indebted Unit -- Buyers May Be Far, Insiders Say

Hafei Auto Offers 38% Stake in Indebted Unit -- Buyers May Be Far, Insiders Say

Hafei Automobile Industry Group aims to sell its 38 percent stake in an indebted car-making unit called Hafei Motor while takers may be few and far between, according to market insiders. 

Nov 13, 2018
Liao Shumin
BAIC, Guanghua Sci-Tech Partner on Battery Recycling

BAIC, Guanghua Sci-Tech Partner on Battery Recycling

Chinese auto giant Beijing Automotive Industry Holding will work with a chemical products manufacturer based in Guangdong province to recycle used power batteries.

Nov 13, 2018
Tang Shihua
Faraday Future Is Said to Aim for USD500 Million IPO in 2020

Faraday Future Is Said to Aim for USD500 Million IPO in 2020

Faraday Future, the cash-strapped electric car startup that aims to rival Tesla, is reportedly planning on going public in 2020 to raise USD500 million.

Nov 13, 2018
Zhang Yushuo
Alibaba, Suning’s Double 11 Forays Into China’s Auto Market Fail to Make a Dent

Alibaba, Suning’s Double 11 Forays Into China’s Auto Market Fail to Make a Dent

E-commerce giants Alibaba Group Holding and Suning.Com failed to make inroads into China’s car dealership territory during the Double 11…

Nov 12, 2018
Yang Haiyan & Quan Xiaoxing
Faraday Future's Employees Hit Go Fund Me to Support Broke Colleagues

Faraday Future's Employees Hit Go Fund Me to Support Broke Colleagues

Employees at troubled startup Faraday Future have kicked off a crowdfunding campaign to come up with financial aid to employees…

Nov 12, 2018
Qian Tongxin
GAC Motor Steers Overseas Expansion to Saudi Arabia

GAC Motor Steers Overseas Expansion to Saudi Arabia

GAC Motor, which runs the Chinese auto brand Trumpchi, has teamed up with a Saudi Arabian distributor to set up…

Nov 9, 2018
Zhang Yushuo
Four-Month Slide in Chinese Passenger Vehicle Sales Augurs Negative Growth

Four-Month Slide in Chinese Passenger Vehicle Sales Augurs Negative Growth

China’s passenger vehicle sales have slid for four straight months.

Nov 9, 2018
Yang Haiyan
Faraday Says Investor Evergrande Has Knowledge of Its Finances After Cashier Is Barred

Faraday Says Investor Evergrande Has Knowledge of Its Finances After Cashier Is Barred

US electric carmaker Faraday Future commented today on its refusal to allow access to a cashier from main investor Evergrande…

Nov 8, 2018
Zhang Xinchen
Easpring Gears Up to Meet Rise in Demand for Lithium Cells

Easpring Gears Up to Meet Rise in Demand for Lithium Cells

Easpring Material Technology, which makes cathode materials for lithium batteries, is preparing for an expected sales increase to one…

Nov 8, 2018
Tang Shihua
Geely Sues Great Wall Motor for Claim It Uses Shills to Smear Rivals

Geely Sues Great Wall Motor for Claim It Uses Shills to Smear Rivals

On Tuesday, Zhejiang Geely Holding Group sued Great Wall Motors in a Beijing court, claiming harm to Geely's commercial reputation…

Nov 8, 2018
Zhang Yushuo
Hitachi to Adapt NEV Powertrain System for Chinese Market

Hitachi to Adapt NEV Powertrain System for Chinese Market

A unit of Japanese conglomerate Hitachi has joined hands with a Chinese auto transmission maker to develop new energy vehicle driving systems for the local market.

Nov 7, 2018
Tang Shihua
 Evergrande Closes USD1.1 Billion Investment in Guanghui Group

Evergrande Closes USD1.1 Billion Investment in Guanghui Group

Chinese holding firm Evergrande Group has become the second-biggest shareholder in Guanghui Group, a conglomerate that operates energy, automotive and real estate businesses.

Nov 7, 2018
Zhang Yushuo

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