Industry News
FF to begin trading on Nasdaq on July 22 as PSAC approves merger deal
The business combination of the two is expected to close around July 21, 2021, and FF expects to receive about $1 billion in funding, according to the announcement.
Nissan Zhengzhou production base temporarily shut down due to heavy rainfall and flooding
Nissan's production base in the capital city of Zhengzhou is in a state of temporary suspension due to heavy rains, yicai.com said Wednesday, citing a source from Nissan China.
China's auto and parts imports up 56.5% year-over-year to $48.3 billion in H1
In the first half of the year, China's exports of automobiles and parts amounted to $50.78 billion, up 66.2 percent year-over-year.
Great Wall Motor reports strong H1 performance, shares rise by daily cap of 10%
For the first half of 2021, Great Wall Motor reported revenue of RMB 62.159 billion ($9.6 billion), up 73 percent year-over-year, according to figures the company announced on July 20.
SAIC plans to invest about $310 million in fuel cell heavy truck sector
SAIC Motor, China's largest local automaker, announced on July 20 that it has signed an agreement with Inner Mongolia's Ordos municipal government to invest 2 billion yuan ($308 million) to build a fuel cell heavy truck chain there between 2021 and 2025.
China's Hebei Province plans to have 100 hydrogen refueling stations by 2025
Hebei plans to build 25 hydrogen refueling stations by 2022, and the demonstration operation scale of fuel cell buses and logistics vehicles will reach 1,000 vehicles.
Evergrande Auto falls over 10% as concerns mount over its parent company's financial situation
The company's stock has fallen about 80 percent since the Shanghai auto show on April 19.
Smartphone maker Meizu applies for driving status detection patent
Chinese smartphone maker Meizu recently disclosed a patent related to driver driving status detection with an application date of April 2021.
SAIC says it has invested nearly $9.3 billion in new energy R&D in past five years
SAIC Motor said it has invested nearly RMB 60 billion ($9.26 billion) in new energy research and development in the past five years, thus building up a technological advantage in the new energy and smart networked field.
China's most popular navigation app offers new feature to improve experience for NEV owners
These features include finding and navigating to charging stations, charging route planning, long-distance service area charging alerts, and scanning QR codes for charging.