16 | Monday, May 10, 2021 HONG KONG EDITION | CHINA DAILY 10 | Wednesday, March 6, 2019 CHINA DAILY
Short Torque
Stellantis announces ‘strong’ results Stellantis, the carmaker formed by the merger of FiatChrysler and Peugeot, said last week that the worldwide microchip short age hindered its production but revenue and vehicle shipments were strong in the first quarter of 2021. The quarterly report was the first for Stellantis as a combined company. During a call with journalists and ana lysts on Wednesday, Carlos Tavares, CEO of Stellantis, reported the company’s revenue over the first three months of the year was 27 billion euros ($44.4 billion). It marks an increase of 14 percent compared to the combined revenue from FiatChrysler and Peugeot over the same period in 2020.
German purchases surge last month New car sales in Germany surged in April compared to last year. But they remain well below Visitors check out a Seres Huawei Smart Selection SF5 at Huawei’s flagship store in Shanghai on May 3. The model can run up to 1,000 kilometers on a single charge and has a prepandemic levels as a short maximum output of 405 kilowatts. YAN DAMING / FOR CHINA DAILY age of microchips continues to stifle production, official data showed last week. A total of 229,650 new cars were regis tered last month in Europe’s largest car market. This is 90 percent more than the same Big tech seeks spoils of new month last year, the German transport authority said. But the jump was not unexpected given that in April 2020, car dealer ships were closed and produc tion halted under measures to energy vehicle sector curb the first wave of COVID19 in Germany.
As auto industry evolves, so too are the companies becoming more involved Iconic Hongqi brand enjoys popularity By ZHANG DANDAN sionals in the electric vehicle building cars on its own, said ket competition. Hongqi, an automobile brand of [email protected] industrial chain, and has met with Zhang Shulin, former vicechair But tech companies see them China’s leading automaker FAW, Zhu Wei, president of the China man of China Association of Auto selves as having “builtin advanta posted rising sales in the first s Chinese technology passenger car business unit at mobile Manufactures. The basic skills and ges” in developing smart electric four months of the year. A total companies rush to enter CATL, China’s largest power bat For enterprises, the high com scale of production of vehicles. of 91,900 Hongqibranded vehi the smart electric vehicle tery maker. mercial value is an important rea Baidu has a complete chain of cles were sold from January to sector, the country’s Oppo has more than 3,000 pat son why they are optimistic about car making are the technology and software ecology, April, up 132 percent yearon automobileA industry is expected to ents in the field of internet con the smart electric vehicle sector. advantages of and it can make better use of its year, according to FAW. The experience escalated transforma nected vehicles, including vehicle “The intelligent electric vehicle technological and software advan group plans to double its sales tion in not only manufacturing but positioning systems, distance has broad development space in traditional car tages, according to the company. of Hongqi vehicles to 400,000 also marketing. measuring device and electronic the next decade, and is an indis companies, while Xiaomi has rich experience in units this year. The brand has Since the beginning of 2021, a equipment. pensable part of intelligent ecolo hardware and software integra rolled out multiple highend raft of Chinese big names such as On the opening day of the 2021 gy. It is also an essential way for paying more attention tion, a sizeable number of cutting models as well as new energy Baidu, Xiaomi, Huawei and Oppo Shanghai auto show, held from Xiaomi to continue to meet peo to user experience is edge technologies, active and vehicles. Hongqi, meaning “red flag,” is one of China’s iconic have announced their foray into April 1928, Chinese technology ple’s needs for a better life with the the superiority of mature intelligent ecology, as well the automobile industry at differ company Huawei, together with help of science and technology,” as sufficient cash reserves, which sedan brands. ent levels. Chinese electric vehicle startup said Lei Jun, Xiaomi’s founder and internet and tech are expected to shore up the com In January this year, internet Seres, launched a new model — the CEO. companies.” pany in developing vehicles, Lei Nissan to sell Daimler company Baidu announced the Seres Huawei Smart Selection SF5, Statistics show that by 2020, Chi said. stake for $1.4 billion establishment of an intelligent which can be purchased from Hua na’s new energy vehicle production Zu Sijie, vicepresident and As more tech companies enter automobile company, to enter the wei’s online shopping mall. and sales had ranked first in the chief engineer of SAIC Motor the electric vehicle sector, the mar Nissan last week announced the industry as a complete vehicle The vehicle is equipped with world for six consecutive years, ket competition will be intensified, sale of its entire 1.54 percent stake manufacturer. Huawei’s DriveONE threeinone with a total sales volume exceeding promoting the transformation of in German auto giant Daimler for In late March, Chinese smart electric drive system, the Huawei 5.5 million units. development expenditure of Chinese traditional automakers, insiders around 1.15 billion euros ($1.4 bil phone maker Xiaomi said it will HiCar smart connection system, The CAAM predicts that sales of electric vehicle startup Nio in 2020 said. lion). It follows a similar move by invest $10 billion in 10 years to and Huawei Sound highquality NEVs in China will surpass 1.8 mil was 2.49 billion yuan ($385.46 mil “The shift from a traditional car its French partner, Renault. The develop intelligent electric vehicles. music experience. lion units this year. lion) and the sales and management maker to (a company that produ Japanese automaker has been On March 30, Xiaomi submitted According to the tech company, In a government blueprint, it is expenses were 3.93 billion yuan. ces) softwaredominated vehicles trying to become profitable again an official announcement to Hong the new model can run up to 1,000 estimated that new energy vehicles Founded in 2014, Nio delivered is a selfevident challenge,” said Zu and recover from the reputational Kong Exchanges and Clearing Lim kilometers on a single charge, has will account for at least 20 percent its first vehicle — the ES8 — in Sijie, vicepresident and chief engi damage caused by the departure ited that its board of directors had a maximum output of 405 kilo of China’s total new car sales in 2018. It took Xpeng, another Chi neer of SAIC Motor. of its nowfugitive former leader approved a project to invest in the watts and a top torque of 820 New 2025. nese NEV startup, three years to The automobile is expected to Carlos Ghosn. Nissan said the smart electric vehicle industry. ton meters, and can accelerate However, there are a series of achieve mass production and deliv transform from a “hardwareori divestment will allow it to “fur Another smartphone maker that from 0100 km per hour in 4.68 challenges to be overcome in devel ery of its first model G3. ented” industrial product into a ther strengthen and enhance its is reportedly preparing to produce seconds. oping smart electric vehicles, In addition, the sector faces chal selflearning, selfevolving and business competitiveness, includ vehicles is Oppo. Cooperating with car companies including the requirement for huge lenges such as a weak innovation selfgrowing intelligent terminal, ing investments to promote elec It is reported that Chen Ming is the first step for Huawei, with the investment, long production time ability of core technologies, insuffi and become a walking “intelligent trification”. yong, founder and CEO of Oppo, is second step being the launch of its and higher technical requirements. cient infrastructure construction new species”, said Chen Hong, exploring resources and profes own car brand and the third step For instance, the research and and increasingly intensified mar chairman of SAIC Motor. AGENCIESMOTORING
Asia Pacific Capital Developments Limited (In Voluntary Liquidation) Company No. (1427474)
NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 4th May 2021. The Liquidator is YUEN Wing See of 31/F One Island South, 2 Heung Yip Road, Wong Chuk Hang, Hong Kong. Dated 4th May, 2021 (Sgd.) YUEN Wing See Voluntary Liquidator