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 News
Jan 18, 2024

According to multiple press releases dated January 17, Beijing Hyundai sold its Chongqing Plant to Chongqing Liangjiang New Area Yufu Industrial Park Construction Investment Co., Ltd. at CNY 1.62 billion.

Put up for sale in June 2023, the plant has been sold off for the first time since its 2017 commissioning.

Hyundai Motor said that this move aims at adjusting the operation model of its plants in China in a reasonable manner for increased benefits.

In 2021, Hyundai Motor sold its No.1 Beijing Plant, which decreased the number of its plants in China from 5 to 3. 

From multiple press releases

Jan 18, 2024

According to multiple press releases dated January 15, the Huawei-BAIC Group cooperative brand is likely to be named “Xiangjie”. Positioned as a mid-to-large-size sedan, the first Xiangjie model will be officially launched before the Auto China 2024 in April 2024. The Huawei-JAC Group cooperative brand is likely to be named “Aojie” and is currently developing three large vehicles that cover the sedan, SUV, and MPV categories. The launch of the first Aojie model will be advanced to Q4 2024.

Officially launched in 2023 were the HIMA (Harmony Intelligent Mobility Alliance, a Huawei Smart Selection division) APP and official website, where AITO (a Huawei-Seres cooperative brand) and Luxeed (a Huawei-Chery cooperative brand) models have become available for sale, as will Xiangjie and Aojie models in the future.

From multiple press releases

Jan 10, 2024

On January 9, Sazgar Engineering Works, the makers of BAIC and GWM Haval vehicles in Pakistan announced that its board of directors approved to purchase of a piece of land measuring nearly 110 kanals valued at approx.

PKR 847 million (subject to actual measurement of land) is adjacent to the four-wheeler project.

The chief executive of the company has been authorized to negotiate and finalize the terms and conditions and to fulfill all the legal formalities to complete the said purchase of land.

Based on the Sazgar Engineering Works stock exchange notification