Industry News
Geely Holding becomes 3rd largest shareholder of Aston Martin, increases stake to 17%
In September 2022, Geely Holding spent about £66 million to acquire a 7.60 percent stake in Aston Martin.
VW denies talks with Huawei on auto software licensing in China
There have been no discussions between Volkswagen China and other companies about operating system licensing, local media quoted the German carmaker as saying.
Voyah offers huge benefits for free for flagship sedan before delivery begins
Customers of the Voyah Zhuiguang sedan can now receive substantial benefits for free that previously cost RMB 72,000.
China NEV retail up 101% YoY in May 1-14, CPCA data show
As price wars fade and consumer wait-and-see sentiment eases, pent-up demand has been released, the CPCA said.
VW reportedly in talks to use Huawei software in its cars in China
Volkswagen is one of the top-selling car companies in China, but it is lagging behind local carmakers in the country's NEV market.
Great Wall Motor's Haval brand launches 2 new PHEVs to regain lost ground in SUV market
The Haval brand was for a long time the top-selling in the SUV market in China, but with the rapid growth of the NEV industry, it has lost its dominance to BYD.
Prominent economist suggests China ban fuel car sales in 5 years
Independent economist Ren Zeping has suggested that China introduce a timetable to ban the sale of fuel cars within five years and have regions south of Hebei actively develop the new energy sector.
New auto index launched in HK stock market with constituents including BYD, Nio, Xpeng, Li Auto
The Hang Seng Indexes Company Limited launched the Hang Seng Automobile Index today with a year-to-date return of about 9 percent.
Chinese LiDAR maker Hesai opens its 1st European office in Germany
This will help it further expand into the European market and accelerate its globalization, Hesai said.
Chinese consumers' intent to buy NEVs rises for 6th consecutive year, JD Power study shows
Chinese consumers' intent to buy NEVs continues to rise, further squeezing the share of the fuel vehicle market, according to JD Power.
