Evergrande Group’s Hengchi electric vehicles (EV) are seen displayed at the Hengchi booth during a media day for the Auto Shanghai show in Shanghai, April 19, 2021. [Photo/Agencies] China Evergrande Group, a prominent property developer, on Friday denied holding negotiations with Chinese technology company Xiaomi Corp for a 65 percent stake in its electric car… Continue reading Evergrande denies EV unit stake sale talks
Author: China Daily Online News
China steps up automobile data protection
An autonomous vehicle takes to the road in Shanghai’s Jiading district. [Photo by Wu Jun/For China Daily] China issued trial guidelines on automobile data protection on Friday in a move to protect drivers’ privacy and safeguard national security as vehicles are becoming increasingly digitalized in the world’s largest auto market. The Ministry of Industry and… Continue reading China steps up automobile data protection
Evergrande clarifies report of talks with Xiaomi
China Evergrande Group made an announcement on Aug 10 saying that the group was in discussion with potential independent investors to sell part of its stakes. [Photo/IC] China Evergrande Group clarified the report of in-depth negotiations with smartphone maker Xiaomi to sell its EV unit by saying talks with Xiaomi were at a very early… Continue reading Evergrande clarifies report of talks with Xiaomi
China’s installed capacity of storage batteries surges in July
A driver charges his new energy vehicle in Weifang, Shandong province. [Photo by Wang Jilin/For China Daily] BEIJING — China’s installed capacity of storage batteries used to power electric vehicles surged in July amid strong sales of new energy vehicles, industry data showed. Last month, the installed capacity of storage batteries came in at 11.3… Continue reading China’s installed capacity of storage batteries surges in July
SAIC-GM-Wuling posts strong auto export growth in Jan-July period
SAIC-GM-Wuling holds a ceremony in celebration of its Baojun 530 vehicles for overseas markets on Aug 6, 2020. [Photo provided to chinadaily.com.cn] NANNING — SAIC-GM-Wuling (SGMW), a major Chinese automobile manufacturer, reported strong vehicle export growth in the first seven months of this year, the company said. SGMW, located in Liuzhou, South China’s Guangxi Zhuang… Continue reading SAIC-GM-Wuling posts strong auto export growth in Jan-July period
SAIC-GM-Wuling posts strong auto sales in H1
Dozens of SAIC-GM-Wuling’s popular Hong Guang MINI EV are shown at an event in Shanghai. [Photo provided to chinadaily.com.cn] NANNING – SAIC-GM-Wuling, a major Chinese automobile manufacturer, reported strong vehicle sales in the first six months of 2021, the company said. SGMW, a joint venture between SAIC Motor, General Motors, and Liuzhou Wuling Motors, sold… Continue reading SAIC-GM-Wuling posts strong auto sales in H1
China to facilitate trading of used cars
Chinese-made export-bound vehicles wait to be shipped at the Lianyungang Port in Jiangsu province on Dec 7. [Photo by WANG CHUN/FOR CHINA DAILY] BEIJING – China’s Ministry of Commerce (MOC) said Thursday that it would remove unwarranted restrictions and accelerate cross-province registration for trading used cars to promote consumption. The ministry is working with relevant… Continue reading China to facilitate trading of used cars
Maxus sells 750 electric vans to delivery firm in UK
French-owned delivery company DPD has placed an order for 750 Maxus electric vans. [Photo provided to chinadaily.com.cn] Maxus, a subsidiary of China’s largest carmaker SAIC Motor, is shipping 750 electric vans to French-owned delivery company DPD for its fleet in the United Kingdom. The order for 500 larger 3.5-tonne vans and 250 smaller ones is… Continue reading Maxus sells 750 electric vans to delivery firm in UK
GM to increase investment in electrification, autonomous driving
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, on March 16, 2021. [Photo/Agencies] US carmaker General Motors Co is scaling up its investment in electric cars and autonomous driving from 2020 through 2025 to $35 billion, which is around 30 percent up from its previous… Continue reading GM to increase investment in electrification, autonomous driving
China’s auto sales up 36.6% in Jan-May
Workers assemble vehicles at an FAW－Volkswagen Automobile Co Ltd facility in Changchun, Jilin province. [Photo/Xinhua] BEIJING – China’s auto sales rose 36.6 percent year-on-year to 10.88 million units in the January-May period as business activities continued to pick up pace amid sustained economic recovery, data from an industry association showed on Friday. Sales of passenger… Continue reading China’s auto sales up 36.6% in Jan-May