Contemporary Amperex Technology Co Ltd’s booth is seen during a high-tech expo in Shanghai in June. [Photo provided to China Daily] Chinese battery giant Contemporary Amperex Technology Co Ltd will put a sodium-ion battery line into production next year, a top executive disclosed on Thursday. Meng Xiangfeng, assistant to the chairman of CATL, said in… Continue reading CATL plans sodium-ion battery production line
Author: China Daily Online News
Chinese carmakers outperform international rivals amid chip shortages
A technician works at the workshop of the carmaking-related chip production company in Qinhuangdao, Hebei province. [PhotoXinhua] Leading Chinese automakers have been more resilient than international marques in the country amid chip shortages and rising materials costs, said Fitch Ratings. Chinese companies like Great Wall Motors and Changan reported gross profit gains in the first… Continue reading Chinese carmakers outperform international rivals amid chip shortages
China’s car rental market to top 10b yuan by 2022: report
Shouqi Group’s Gofun launches its car-sharing business in Shaoxing, Zhejiang province. [Photo provided to China Daily] BEIJING – China’s car rental market is about to enter the high-speed growth period and top 100 billion yuan (about $15.39 billion) next year, according to a report. The market will embrace high-speed development after the car rental industry… Continue reading China’s car rental market to top 10b yuan by 2022: report
FAW Group to operate over 100 Hongqi smart cars
Workers check vehicles at the general assembly line of Hongqi, the leading sedan brand of First Automotive Works (FAW) Group Co. Ltd., in Changchun, Northeast China’s Jilin province, Sept 23, 2020. [Photo/Xinhua] CHANGCHUN – China’s leading automaker FAW Group Co., Ltd. said it will put more than 100 smart cars of the Hongqi brand in… Continue reading FAW Group to operate over 100 Hongqi smart cars
Evergrande denies EV unit stake sale talks
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
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