The e-tron GT is launched in Shanghai on July 27, 2023. [Photo provided to chinadaily.com.cn] FAW Audi Sales Co launched the e-tron GT on Thursday in Shanghai as the latest member of its lineup of electric vehicles in the world’s largest car market. The model, built on Audi’s 800-volt architecture, has a maximum output of… Continue reading Audi adds e-tron GT to EV lineup in China
Author: China Daily Online News
Car buyers less satisfied with auto finance companies, says report
Crowds visit the 20th Changchun International Auto Expo in Changchun, Northeast China’s Jilin province. [Photo/Xinhua] Car loans have become a common choice for car buyers in China but carmakers’ finance companies are losing ground to banks, according to a J.D. Power report released on Thursday. The report shows that customer satisfaction with auto finance companies… Continue reading Car buyers less satisfied with auto finance companies, says report
Volkswagen Group reports solid H1 result, strengthens strategic position in China
A Volkswagen employee works on an assembly line in Chengdu, Sichuan province, in December. WANG QIN/FOR CHINA DAILY BERLIN – The Volkswagen Group achieved “solid results” in the first half (H1) of 2023 and is strengthening its strategic position in China, Germany’s leading carmaker said on Thursday. In H1 2023, revenues of the group grew… Continue reading Volkswagen Group reports solid H1 result, strengthens strategic position in China
East China province aims high in NEV industry
A driver charges his car at a multifunctional new energy vehicle charging station in Hefei, Anhui province, on July 4. LIU FANGQIANG/XINHUA HEFEI – East China’s Anhui province will prioritize the development of the automaking industry and strive to become a leading production base of new energy vehicles (NEVs), local authorities said at a press… Continue reading East China province aims high in NEV industry
Volkswagen Group to strengthen cooperation with Chinese partners on EV market
A Volkswagen charging station is displayed at the Auto Shanghai show, in Shanghai, China, on April 18, 2023. [Photo/Agencies] FRANKFURT, Germany – The Volkswagen Group, Germany’s leading carmaker, said on Wednesday that it aims to strengthen cooperation with local Chinese partners to exploit the booming electric vehicle market. The company is acquiring a 4.99 percent… Continue reading Volkswagen Group to strengthen cooperation with Chinese partners on EV market
Geely Holding Group E-Pickup starts globalization efforts
Geely Holding Group E-Pickup for overseas markets are seen at its plant in Zibo, Shandong province, on July 25, 2023. [Photo provided to chinadaily.com.cn] Geely Holding Group E-Pickup, a marque of Zhejiang Geely Holding Group, saw its first batch of electric pickups for overseas markets roll off the assembly line of its smart plant in Zibo,… Continue reading Geely Holding Group E-Pickup starts globalization efforts
Made-in-China Tesla vehicles exported to ROK for first time
Employees work at the Tesla Gigafactory in Shanghai, Nov 20, 2020. [Photo/Xinhua] SHANGHAI — The Tesla Shanghai Gigafactory began to export its car model, Model Y (Rear-Wheel Drive), to the Republic of Korea recently, marking the first time for the Tesla vehicles made in China to enter the ROK market, said the company. Previously, Tesla… Continue reading Made-in-China Tesla vehicles exported to ROK for first time
China’s auto giant to accelerate global sales
Visitors try 5G-based intelligent driving technology at Haval Research and Development Center of Great Wall Motor in Baoding, North China’s Hebei province, July 20, 2023. [Photo by Ma Qing/chinadaily.com.cn] Great Wall Motor, China’s largest SUV and pickup maker, is expected to invest a total of 100 billion yuan ($13.91 billion) in research and development to achieve… Continue reading China’s auto giant to accelerate global sales
India rejects BYD’s $1 billion factory proposal
Visitors learn about new energy vehicles of Chinese carmaker BYD during the 27th Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show at the Shenzhen Convention and Exhibition Center in Shenzhen, South China’s Guangdong province, June 16, 2023. [Photo/Xinhua] India has rejected BYD’s proposal to set up a $1 billion factory in the country in partnership… Continue reading India rejects BYD’s $1 billion factory proposal
New R&D hub in Shanghai signals BMW’s China ambitions
BMW’s new research and development center in Shanghai has been put into operation. [PHOTO/CHINA DAILY] BMW Group opened a new research and development facility in Shanghai last week. It is expected to assist the German premium carmaker’s localization strategy in the world’s largest vehicle market. China is home to BMW’s largest R&D system outside of… Continue reading New R&D hub in Shanghai signals BMW’s China ambitions