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  Bancassurance Regulatory Commission: car dealers shall not operate automobile consumer loan guarantee business without approval.

  On October 23, the China Banking and Insurance Regulatory Commission issued the Circular on issuing Supplementary provisions on the Supervision and Management of financing guarantee companies, which clearly stipulates that "car dealers shall not engage in automobile consumer loan guarantee business without approval." The Supplementary provisions require that without the approval of the supervision and administration department, automobile dealers, automobile sales service providers and other institutions shall not engage in automobile consumption loan guarantee business, and the stock business that has been carried out shall be properly settled; if it is really necessary to carry out relevant business, a financing guarantee company shall be established to operate the relevant business in accordance with the provisions of the regulations. To the existence of illegal operation, serious infringement on the legitimate rights and interests of consumers (guarantor).

  Car loan 2019-10-23
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  Brilliance Group sets up an international trade company, or promotes the group's automobile import and export business.

  Through understanding, brilliance has set up an international trading company and is seeking to diversify its business to alleviate the malaise brought about by sales. Through Qixinbao inquiry, it was found that brilliance Automobile Group registered 50 million yuan on July 31 to establish brilliance International Trading Co., Ltd., its main business includes automobiles, used cars, auto parts, auto supplies, goods or technology import and export, and so on. It is worth noting that food sales business is also within its business scope, and the legal representative is Zhang Wei. This is after Yan Bingzhe succeeded Qi Yumin in charge of brilliance in April this year, and Gao Weimin served as chief technical engineer of brilliance in August.

  Brilliance group 2019-08-06
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  Ren Zhengfei: the automobile business shrinks, taking survival as the main program

  On the afternoon of June 22, Ren Zhengfei shared an article entitled "the whole company's business policy should shift from the pursuit of scale to the pursuit of profit and cash flow" in Huawei's internal forum. Ren Zhengfei mentioned in the article that with the decline of global consumption power, Huawei should change its thinking and business policy from the pursuit of scale to the pursuit of profit.

  Huawei Business Automobile profit Revenue Global Smart Cash Cash flow people RMB crisis Market Terminal capacity 2022-08-24
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  After selling 400 properties, Haima responded: go back to the main business and return to the auto business.

  "A car brand focused on real estate speculation"-netizens poked fun at Haima Motors, which made this unimpressive independent car brand a hot spot on the Internet because of two announcements about the sale of its properties. A few days ago, Haima Motors responded to the property sale. Chen Kui, general manager of Haima, said that the sale of a large number of properties is a divestiture of Haima's idle assets, and in the future, Haima will also focus on the automobile business, especially the new energy vehicle business. Chen Quan also said: in the past, Haima did not devote all its energy to cars, but also engaged in real estate development and other businesses, without focusing. Now, the sea.

  Car seahorse 2019-07-14
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  Yu Chengdong: automobile is the only loss-making business of Huawei. Eliminate fuel vehicles as soon as possible.

  On July 7, at the 14th China Automobile Blue Book Forum, Huawei Managing Director, Consumer Business BG CEO and Huawei Smart car solution BU CEO Yu Chengdong revealed that automobile is Huawei's only lossmaking business. Yu Chengdong said that Huawei has invested a lot in the automobile business, and every year

  Huawei Automotive Business Intelligence Brand Press Conference Mobile phone Technology Cooperation Resolution vehicle Consumer parts Manufacturing consumption 2022-07-08
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  The new disinfectant wholesale business of Xilai Automobile has been commented by netizens as "filling household use".

  Affected by COVID-19 's epidemic situation, major "anti-epidemic" equipment such as face masks, protective clothing and disinfection products around the world are still the most scarce materials at present. In order to increase material production in this field, many car companies have crossed the border one after another.

  NextEV 2020-04-05
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  In response to the national call for epidemic prevention and control, 4S stores in many places have postponed their business hours.

  As the pneumonia epidemic infected by novel coronavirus continues to spread, in order to strengthen the prevention and control of the pneumonia epidemic, reduce the gathering of personnel, and stop the spread of the epidemic, the General Office of the State Council recently issued a notice to extend the Spring Festival holiday in 2020. In response to this, dealers in many places across the country also responded to the call and postponed the business hours of 4S stores.

  4S store 2020-01-28
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  Renault transferred Dongfeng Renault shares, Dongfeng Renault stopped Renault brand business in China

  On April 14, Renault Group announced a new strategy in the Chinese market. It is understood that the future Renault Group's business in China will focus on light commercial vehicles and electric vehicles, which will constitute the two pillars of its business in China in the future. As for the traditional fuel vehicle business, Renault Group has reached a preliminary agreement with Dongfeng Automobile Group Co., Ltd. to transfer the shares held by Renault Group in Dongfeng Renault Motor Co., Ltd. to Dongfeng Automobile Group Co., Ltd. According to the announcement issued by Dongfeng Motor, due to the decline of the domestic automobile market and the operating conditions of Dongfeng Renault, shareholders plan to reorganize Dongfeng Renault.

  Dongfeng Renault 2020-04-14
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  CEO, an auto company, exposed that most meetings, business trips and business socializing are a waste of time.

  The epidemic has had a great impact on the automobile industry, the performance of car companies has declined seriously, slimming plans seem to be imperative, and many car companies have taken layoffs or wage cuts to deal with the crisis. There is also a reflection from the car company CEO: in the past, most of the company's meetings, business trips and business socializing were a waste of time. Ideal car CEO Li wanted to share on Weibo some important reflections on the company's operations during the epidemic, and unreservedly pointed out the "negative effects" of these meetings, business trips and business networking. Li Xiang said, "in the past, at least 40% of the meetings were a waste of time, buried by inefficient internal communication and brainless teammates.

  Ideal ONE 2020-03-27
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  Is Feifan's auto business integrated? There was no official response.

  SAIC plans to integrate some of Feifan's business units into SAIC's passenger car system to solve the problem of poor market performance after the independent operation of the Feifan brand, according to media reports. In this adjustment, the customer development center, customer operation center and new retail center of Feifan Motor remain independent.

  Automobiles groups brands sales models SAIC company market high-end integration new energy intelligence car use business department 2023-09-12
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  Zhongtai Automobile: openly recruit investors and promote pre-restructuring work

  The independent car company Zhongtai Motors, which is absent from the Beijing Auto Show, has attracted the attention of consumers. The funding problem led to the suspension of work and production, and the creditors applied to the court for pre-restructuring because they were unable to pay off their maturing debts. Zhongtai Motor has not yet come out of its financial predicament. Recently, Zhongtai Automobile issued an announcement, openly recruiting investors and planning to introduce strategic investors to restructure its business. Zhongtai Automobile notice shows that Zhejiang Yongkang people's Court has accepted the registration creditor's application for pre-restructuring of Zhongtai Automobile Co., Ltd. (Zhongtai Automobile), and selected Zhejiang Jingheng Law firm as the pre-restructuring manager; Zhongtai Automobile said that in order to smoothly promote the pre-restructuring of Zhongtai Automobile.

  Zhongtai Automobile 2020-09-26
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  Happy Automobile low-key listing the second domestic second-hand car company listed in the United States

  On May 13, local time, the used car dealer group Kaixin Automobile Group quietly landed on NASDAQ under the stock symbol KXIN. Happy Automobile Group became the second used car company to be listed in the United States after Youxin. Happy Automobile Group was founded in 2015, formerly known as Renren Automobile, a wholly-owned company of Renren Company. Happy Automobile Group initially entered the used car industry with auto finance business, and opened the used car retail business in 2017, focusing on the high-end used car business. Through four years, the group has covered all 14 cities with 20 stores and nearly a thousand primary and secondary schools.

  Cars listed used cars 2019-05-15
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  It is easier to sell cars than to make money, and BYD's net profit has dropped nearly 30%.

  New energy vehicles are selling very well, but BYD has fallen into a strange circle of increasing income without increasing profits. On March 29th, BYD Co., Ltd. (hereinafter referred to as "BYD") realized an operating income of 216.142 billion yuan, an increase of 38.02% over the same period last year, and a net profit of 3.045 billion yuan belonging to shareholders of listed companies, a decrease of 28.08% over the same period last year. 1.255 billion yuan was deducted from non-net profit, down 57.53% from the same period last year. Quarter by quarter, BYD's operating income increased quarter by quarter from the first quarter to the fourth quarter of 2021, rising from 40.992 billion yuan in the first quarter to 70.95 billion yuan in the fourth quarter.

  BYD 2022-03-30
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  Wu Xinzhou confirmed to join Nvidia!

  He Xiaopeng, CEO of Xiaopeng, posted a photo on Weibo with Wu Xinzhou, vice president of self-driving of Xiaopeng, and Huang Renxun, CEO of Nvidia, saying that a more in-depth cooperation with Nvidia is about to begin. Later, Wu Xinzhou retweeted this Weibo, confirming that he had left Xiaopeng Motor and joined Nvidia. Wu Xinzhou said

  Xiaopeng Automotive Yingwei driving Business growth Auxiliary Chip Cooperation Vice President Systems important Engineering Giant Enterprise 2023-08-24
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  A number of new power car companies collapsed, and a car company CEO exposed how to "start a business hard".

  Recently, there has been frequent news of the closure of new power car manufacturing enterprises, including Baiteng Motor, which has burned out 8.4 billion yuan and still cannot produce mass production cars. Now Baiteng has announced a suspension of operation; Sailin Automobile has been shut down due to a broken capital chain; and Boxun Automobile has also announced that it has given up building cars. To make matters worse, there is no sign of the wages owed by these companies to thousands of employees. In response to this phenomenon, ideal car CEO Li wants to evaluate the new power car industry in this way. In the retweet, "300 people ate 50 million yuan snacks and thousands of business cards. How did Baiteng burn 8.4 billion?" In his article, Li Xiang believes that the new power of car building should learn the mode of "hard work". Li Xiang.

  Ideal car 2020-07-06
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  Pinduoduo's automobile business activities have been online for a total of 70 hours, with 9463 orders.

  With the development of the times, shopping is becoming more and more convenient, and many things can be obtained through online shopping. What's more, the first online group-buying platform in China has launched the business of car sales. A few days ago, pinduoduo Automotive Business Director Xiu Chun said that pinduoduo's "66 car-sharing Festival (limited 6. 6% discount)" has been online for a total of 70 hours, with 9463 orders. After the National Day, the "ten billion subsidy" activities will be introduced into the vehicle sales industry, and more preferential activities will be launched. In fact, in May this year, pinduoduo launched "34900 rob Wuling Hongguang" to pay tribute to the "National God car" activity, the activity is very popular, even.

  Pinduoduo automobile business 2019-09-30
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  A number of car companies have announced that they are reducing pressure for dealers: adjust their business policies and set no sales targets

  Under the influence of the pneumonia epidemic infected by novel coronavirus, earlier, several brand 4S stores and dealer groups responded to national regulations by extending the Spring Festival holiday to February 2. Due to the expansion of pneumonia infection, the Spring Festival holiday was extended again, various enterprises in many provinces and cities asked to postpone work to the 9th, dealers' business hours were postponed again, while Hubei Province extended the Spring Festival to the 13th. Due to the extension of the holiday, dealers are faced with the problem of failing to meet their sales targets, resulting in increased operating pressure. In view of this situation, a number of car companies issued announcements to adjust the business policies of dealers, give subsidies, and even cancel the assessment to reduce the pressure on dealers. Novel coronavirus is not.

  Dongfeng Yueda Kia: it is proposed that its dealers will resume work until February 10. 2020-02-03
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  BYD expects the battery business to be listed independently around 2022.

  Recently, BYD officially announced that the company is steadily moving forward with the spin-off and listing of the power battery business, which is expected to be spun off and listed independently around 2022. In fact, this is not the first time that BYD has said that it will spin off the power battery business. as early as last year, BYD founder and chairman Wang Chuanfu said that BYD is working on the divestiture of the power battery business. the spin-off is expected to be completed by the end of 2018 or early 2019, and BYD's power battery business will be listed independently in 2022-2023. Then, already is the domestic new energy automobile industry leader's Biya.

  BYD listed 2019-08-10
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  Rush to the hot search! Ren Zhengfei issued an internal document announcing the prohibition of Huawei World!

  On March 31st, a # Ren Zhengfei post reiterated that Huawei does not build cars # rushed onto the Weibo hot search list and became the focus of the industry's attention. Ren Zhengfei, founder and CEO of Huawei, issued an internal announcement to re-emphasize that "Huawei does not build cars" and extended the validity period for another five years. In this internal announcement, in addition to emphasizing that "Huawei does not build cars"

  Huawei Automotive Business Cooperation Brand effectiveness Revenue validity Model document Company Smart again solution 2023-03-31
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  A used car dealer is also going to build a car.

  In August, the acquisition of MORNING STAR AUTO INC. (hereinafter referred to as "Maolin Sida") by Kaixin Motor, a listed company in the United States, finally ushered in new progress. On July 11, Kaixin announced that it had signed a supplementary M & An agreement with Maolin and planned to complete the M & A delivery in August this year. Real

  Automobiles Maolin new energy mergers and acquisitions companies markets electric business used cars Henan electric vehicles times production wholly-owned dealers 2023-07-12