by weblychee | Jul 31, 2023 | Automotive, Business, China, Glopen, Newsletter
1. In the first half of 2023, profits of industrial companies above 20mn revenue fell by 16.8% In the first half of 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 62.62 trillion...
by weblychee | Jul 24, 2023 | Automotive, Business, China, Glopen, Newsletter
1. Audi and SAIC formulate strategic partnership to fast-track Electrification amid rapid market shift in China On 20th April, in a significant move towards sustainable mobility, Audi confirmed a strategic partnership with China’s state-owned SAIC Motor Corp. Both...
by weblychee | Jul 10, 2023 | Automotive, Business, China, Glopen, Newsletter
1. BYD to invest US$620 million for 3 factories in Brazil, to produce affordable vehicles and batteries for local markets BYD, the world’s largest electric vehicle (EV) maker, has announced its plans to make a strategic investment of US$620 million in the...
by weblychee | Feb 4, 2023 | Automotive, Blog, Business, Business Blog, China, Glopen, In-depth
What does the Auto Industry and Mobile Industry have in common? They are both gigantic, the global automotive market is around 2.9 trillion USD, while the global mobile phone market is around 0.5 trillion USD. They both have some of the most iconic brands in the...
by weblychee | Jan 27, 2023 | Automotive, Blog, Business, Business Blog, China, Glopen, In-depth
In 2022, the Chinese Auto Market recorded another year of positive growth after 3 consecutive years of decline since 2017. Although growth in 2022 was limited, it’s still a remarkable achievement considering the microchip crisis, COVID crisis and higher battery costs...
