2021 Auto News

Returns At China Yongda Automobiles Services Holdings (HKG:3669) Appear To Be Weighed Down

Credits: www.simplywall.st Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable […]

2021 Auto News

Officials, business representatives call for China-US cooperation on auto industry

Credits: www.globaltimes.cn Business representatives from both China and the US expect closer ties to jointly develop the auto industry that is directed at smart electric vehicles (EVs). They are calling for an open and fair business environment despite the ongoing tensions between the world’s two largest economies. Xu Haidong, assistant secretary general of the China […]

2021 Auto News China Auto

Tesla cars banned by China military due to safety issues

Credits: www.livemint.com Tesla Inc. cars have been banned from Chinese military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles. The order, issued by the military, advises Tesla owners to park their cars outside of military property, according to people familiar with the directive who asked […]

2021 Auto News Geely

Geely departs from convention with plan for new EV unit

Credits: www.techstory.in For years, the Automobile sector has been dominated majorly by either European automakers or Americans. Be it Volkswagen, General Motors, or now, Tesla. Yes, Japanese automakers like Toyota and Mitsubishi, but when you consider the majority, it’s pretty much between the USA and Europe. THE RISE OF CHINA IN EVS But the tide […]

2021 Auto News electric vehicles

China’s BYD electric vehicles to be sold in Australia from 2022

Credits: www.caradvice.com One of China’s biggest electric vehicle companies signs right-hand drive distribution agreement with Australian-owned company. One of China’s largest electric vehicle companies BYD has signed an agreement to sell cars in Australia, with the first cars due to arrive next year. BYD has been experimenting in Australia with a handful of cars since 2015 – […]

2020 Auto News Auto Sales China car company USA automobiles

QOTD: Would You Ever Consider China’s Best-Selling EV?

While Tesla’s Model 3 sedan is supposedly taking the world by storm, some hot competition has been reported in China. The Hongguang MINI EV has eclipsed the offspring of Elon Musk to become the country’s best-selling electric vehicle. Though at just 28,800 yuan ($4,200), it hardly seems a fair comparison. Tesla’s minimalist sedan is larger […]

2020 Auto News Auto Sales Tesla USA automobiles

China Tesla rival Nio is up 240% this year and the company is revamping plans to go global

Nio Founder and Chairman William Li told reporters Thursday the Chinese electric car company plans to venture into other markets starting in the second half of next year. The company would like to begin with Europe, and enter other major global markets in the next few years, Li said. Nio also announced Thursday a “battery-as-a-service” […]

China Auto Sales surge
Auto Sales

Auto sales surge for 3 consecutive months

As China’s economy continues its recovery, the automobile industry witnessed sales growth for three consecutive months, Securities Times reported on Tuesday. China’s auto sales are projected to increase 11 percent year-on-year to 2.28 million in June, according to the China Association of Automobile Manufacturers. The auto market as a whole has returned to positive growth […]