Autos

China’s New Energy Vehicle Leader BYD's Net Profit Fell 20% Last Year

China’s New Energy Vehicle Leader BYD's Net Profit Fell 20% Last Year

China’s New Energy Vehicle Leader BYD's Net Profit Fell 20% Last Year - Chinese auto maker BYD Co. ranked first…

Feb 27, 2018
Li Suwan
Faraday Future’s FF91 Could Be World’s Most Expensive NEV

Faraday Future’s FF91 Could Be World’s Most Expensive NEV

The first batch of FF91 new-energy vehicles made by Jia Yueting’s Faraday & Future Inc. could hit the sales floor…

Feb 27, 2018
Xu Wei
GAC-Honda JV Recalls 370,000 Cars in China Over Faulty Airbags

GAC-Honda JV Recalls 370,000 Cars in China Over Faulty Airbags

The joint venture between state-owned carmaker Guangzhou Automobile Group Co. and Honda Motor Company has recalled more than 370,000 cars in China due to faulty airbags, authorities said.

Feb 27, 2018
Liao Shumin
Daimler, BAIC Motor Invest Nearly USD2 Billion in New Luxury Car Plant

Daimler, BAIC Motor Invest Nearly USD2 Billion in New Luxury Car Plant

Daimler's joint venture partner BAIC Motor Corp. announced that it would expand its cooperation with Daimler following Geely Auto’s splurging…

Feb 26, 2018
Wu Ziye
 Geely Secures Auto Insurance License Through Unit

Geely Secures Auto Insurance License Through Unit

A unit of leading Chinese carmaker Geely Automobile Holdings Ltd. has received the go-ahead from Chinese regulators to start operations of an insurance agency serving car owners.

Feb 26, 2018
Du Chuan
BMW, Great Wall Team Up to Make Plug-In Minis in China

BMW, Great Wall Team Up to Make Plug-In Minis in China

Chinese carmaker Great Wall Motor Co. and German auto giant BMW AG are considering setting up a joint venture to…

Feb 26, 2018
Xu Wei
Geely Becomes Daimler’s Largest Investor, Hankers After NEV Technology

Geely Becomes Daimler’s Largest Investor, Hankers After NEV Technology

Leading Chinese carmaker Zhejiang Geely Holding Group Co. has swooped for Kuwait Investment Authority’s 9.7 percent stake in Mercedes-Benz parent…

Feb 26, 2018
Yang Haiyan
Faraday Future Clams Up About Rumored USD1.5 Billion Lifeline

Faraday Future Clams Up About Rumored USD1.5 Billion Lifeline

Financially-floundering Faraday Future (FF) has stayed silent when confronted with rumors it has secured emergency transfusion funding, Chinese state media The Paper reported today.

Feb 14, 2018
Xu Wei
China’s Luxury Car Market Is Tipped to Grow at Least 10% a Year on Lower-Cost Models

China’s Luxury Car Market Is Tipped to Grow at Least 10% a Year on Lower-Cost Models

Strong sales of luxury cars are forecast in China, the world’s biggest auto market, despite a lackluster sector overall.

Feb 13, 2018
Wu Ziyi
China’s Online Used Car Dealers Are Struggling to Make Money

China’s Online Used Car Dealers Are Struggling to Make Money

China’s e-commerce players engaged in the sales of second-hand cars are finding it difficult to make a profit due to…

Feb 13, 2018
Yang Haiyan
Chinese Daimler Supplier Buys Industrial Plot in Germany to Ramp Up Production

Chinese Daimler Supplier Buys Industrial Plot in Germany to Ramp Up Production

A unit under car parts maker Shenzhen Kaizhong Precision Technology unit has bought an industrial land plot in Germany for…

Feb 13, 2018
Tang Shihua
Chinese-Swedish Businessman Who Bought SAAD Unveils USD3 Billion Shanghai Project

Chinese-Swedish Businessman Who Bought SAAD Unveils USD3 Billion Shanghai Project

National Electric Vehicle Sweden AB (NEVS) -- the former famous Swedish carmaker Saab Automobile AB -- signed a cooperative agreement…

Feb 12, 2018
Dou Shicong

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