SAIC’s MG to build manufacturing plant in Egypt
On December 29, SAIC signed a cooperation agreement with Egypt’s Mansour Group to invest 135 million USD to build a new automobile manufacturing plant for its MG brand in Egypt. The plant will initially produce the new generation of MG5 models, then gradually introduce more SUVs and new energy vehicles....
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BYD has the most R&D personnel as an automaker and nearly 110,000 engineers, CEO says
On December 29, Wang Chuanfu, Founder and Chairman of BYD, shared that BYD now has nearly 1 million employees, 11 major research institutes, and 110,000 engineers, making it the automaker with the most R&D personnel in the world, at the first China Innovation and Technology Festival hosted by China Central...
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Deepal hits 400,000 cars in 29 months and aims to double the number in 2025
On December 30, Deepal reported that its 400,000th car had left The production line. This means that the brand has gone from 0 to 400,000 cars in 29 months. – Advertisement – This is claimed to be some form of record for the Changan-owned brand. However, this claim is based...
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Top 10 predictions for 2025 in the Chinese car market
These are our top 10 predictions for what will happen in the Chinese car market during 2025. – Advertisement – Around a third of all the new start-up companies will go bankrupt due to the ongoing price war and continued domination of BYD in the new energy vehicle (NEV) market....
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