Industry

First two months of 2017 set uncertain tone for future sales

The auto market may be signaling a shaky year after the government's eased tax deduction, and the industry may need to tackle issues under the hood for solid and healthy growth.

New energy vehicle, IT shares drive profit growth

Shares related to new energy vehicles, IT, software and nonferrous metal were the best performers in net profit growth last year among China's listed companies.

Companies

BYD builds new firm for lithium resource mining in Salt Lake

BYD set up a new entity together with Qinghai Salk Lake Industry Group Co., Ltd. and a Shenzhen-based investment company for lithium resource mining in Salt Lake in Qinghai Province.

Tesla to raise more than 1 bn U.S. dollars for producing new electric car

Tesla Motors, Inc. said Wednesday it plans to raise over 1 billion U.S. dollars to help finance its production of upcoming Model 3 electric car.

iFLYTEK, Changan to establish joint lab

iFLYTEK and Changan Automobile will set up a joint lab with a focus on smart voice, AI big data analysis, and connected car platforms, according to an agreement signed in Chongqing on Tuesday.

Ford appoints vice president for strategy, Asia Pacific

Ford Motor Company appointed Tuesday Stephen Dyer as the vice president for strategy, Asia Pacific, aiming to transform itself into a company of automobile manufacturing and mobile travel.

Eyeing self-driving lane, Intel to acquire Mobileye

U.S. computer chipmaker Intel Corp.announced an agreement Monday to acquire Mobileye N.V., the Israeli self-driving vehicle technology developer for about 15.3 billion U.S. dollars.

Lincoln seeks growth in China with locally-produced SUV

Lincoln plans to build a luxury sport utility vehicle in China in partnership with the Chang'an Automobile Group.

Techrules throws gauntlet to established carmakers

A Chinese car startup, called Techrules, unveiled a vision of super racing car powered by a micro-turbine system at the Geneva auto show.

UCAR, China's car service provider, received $667 mln funding

UCAR, a chauffeured car service provider in China, announced to have received 667 million U.S. dollars funding from China UnionPay and other three investors via a private share placement deal.

Email: lansuying@nbd.com.cn