Industry News
Analyst says global power battery supply could run out by 2025
The global electric vehicle industry faces an imminent threat that its battery supply could run out as early as 2025, according to a research note by Bank of America (BofA).
Volvo to acquire Geely Holdings' stake in China joint venture
Volvo announced on July 21 that it has reached an agreement with parent company Geely Holdings to acquire the latter's stakes in two joint ventures in China.
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.
