For more than 1,000 years, Chinese artists and craftsmen have sought to replicate the beauty of their surroundings by creating unique works, which feature unique techniques that have played an important role in the country's culture and history. One of those techniques is woodblock printing.
The gloomy atmosphere in China's new vehicle market has rolled over to its used car sales with March results coming in below expectations and that trend expected to continue for some months, according to industry experts.
Byton is to obtain a new round of funding within weeks from investors led by FAW Group, as the three-year-old Chinese electric car startup is to unveil its first production model in the third quarter of this year.
Toyota's Lexus sold more vehicles in China than in the United States in April, the first time China became the sales champion in the premium brand's 30-year history, a sign of its growing popularity with China's increasingly young and fashionable customers.
Despite the downward spiral that has lingered for almost a year in China's automotive market, executives from traditional carmakers and startups at a forum on Friday expressed their confidence in the industry's long-term future.
JAC Motors is entangled in an emissions fraud scandal in China, with a hearing scheduled to be held on Thursday. If convicted, the Anhui-based carmaker may face a heavy fine that will deal an equally heavy blow to add to its lackluster financial performance.
SAN FRANCISCO - In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and State-backed corporations for cash and connections in an effort to navigate the Chinese regulatory environment.
Major carmakers in China from SAIC to Changan saw their profits slump in the first quarter of this year, mainly as a continuation of the poor sales from the second half of 2018, and analysts said the bleak prospects may continue for several months to come.
China's new energy vehicle startups are upping their fundraising efforts in preparation for kick-starting production of their models.
GAC New Energy Automobile Co launched its Aion S sedan, the first model built based on its GEP platform, in late April. The post-subsidy prices of its four variants range from 139,800 to 205,800 yuan ($20,758 to $30,565). The sedan, thanks to its high-density batteries and efficient electric drive system, has a range of up to 510 kilometers on one charge. The Aion S also has Level 2 autonomous driving features and a roof that utilizes solar energy for cabin ventilation and battery charging. The model allows for up to 16,800 different customization choices, covering the range, the exterior and smart functions. Since presales started on March 1, the carmaker has received more than 30,000 orders.
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Raymond Zhou
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Chen Weihua
