1. The document provides an overview of the top automotive stories in China for 2020, listing 42 significant events organized by company, location, type of event, and brief description. 2. Major developments included joint ventures between automakers and technology companies to develop electric vehicles, new vehicle production facilities, investments in battery and component manufacturing plants, and government policies to promote the smart car industry. 3. Automakers such as Geely, SAIC, Great Wall Motors, and Volkswagen announced large investments in electric vehicle production and research facilities across China.

1. Stone Tan Industry Report: Top
Automotive Stories for 2020
January 2021
图表1: 全球半导体的市场预测 (全球半导体贸易统计组织 - 2018年秋天预测)
The latest production and sales data released by the China Association of Automobile Manufacturers
show that in 2020, China’s automobile production and sales will be 25.225 million and 25.311 million,
down 2.0% and 1.9% year-on-year. The China Automobile Association predicts that the total annual
sales of the Chinese auto market in 2021 will be 26.3 million vehicles, a year-on-year increase of
4%. Please check the following top stories for 2020.
Company Location Type Date News
1 Geely/Benz Zhejiang OEM 1/1/20
Mercedes-Benz and Geely Holding formally established a
global joint venture smart brand joint venture with a total
registered capital of RMB 5.4 billion to develop the next
generation of high-end electric smart cars. The first batch
of pure electric products will be launched in 2022
2
Western
Commercial
Vehicle Smart
Technology Park
Chongqing Greenfield 1/9/20
The Western Commercial Vehicle Smart Technology Park
with an investment of 790 million yuan settled in the
Chongqing Highway Logistics Base
3 Great Wall India OEM 1/16/20
China’s Great Wall Motors has agreed to acquire General
Motors’ manufacturing plant in India
4 Jiangsu Yongding Suzhou Autoparts 2/1/20
Jiangsu Yongding Co.invests in construction, covering an
area of 40 acres, with a total investment of 310 million
yuan, and develops, manufactures and sells various
electronic wiring harnesses, meters, automotive electronic
equipment systems and related components. It will be
completed and put into production in June 2021. After the
project is completed, it will produce 700,000 NEV
automotive wiring harnesses per year, with an estimated
annual output value of 1.05 billion yuan.
5 NIO Anhui OEM 2/1/20
NIO Inc. established China headquarters in Anhui. The
company plans to invest more than 102 billion yuan to
establish a headquarters in China.
6 Policy Nationwide Policy 2/24/20
Smart Car Innovation Development Strategy-11 ministries
and commissions including the National Development and
Reform Commission jointly issued the "Smart Car
Innovation Development Strategy" (hereinafter referred to
as the "Strategy")
7
Honeycomb
Energy Wuxi
Wuxi R&D 3/1/20
The Hive Energy Technology Center project held a
signing ceremony at Xizhou Garden Hotel in Wuxi City
8 Jetta Chengdu OEM 3/1/20
Jetta launched the "new master German mid-size SUV"
VS7
9
Sichuan FAW
Toyota
Chengdu OEM 3/5/20
Sichuan FAW Toyota's new model project was launched in
Chengdu Economic Development Zone (Longquanyi
District). The new model is a top-class B-class sedan
introduced by Sichuan FAW Toyota into Toyota's TNGA
technology platform. It is planned to be put into production
in 2021
10
Zhejiang Xinke
Transmission
Technology Co.
Jiaxing Autoparts 3/26/20
Zhejiang Xinke Transmission Technology Co. NEV
Autoparts project completed

2. Company
Name
Location Type Date News
11
Ye Ma
Automotive
Chengdu OEM 3/27/20
Ye Ma held an online listing ceremony for the 2020 -
Among them, the 2020 version of 斯派卡 is priced at
49,900–69,900 yuan, and the 2020 Bojun is priced at
49,9000-89,900 yuan.
12 Lincoln
Chongqin
g
OEM 3/29/20 Lincoln's first domestically produced model
13 BYD/Toyota Shenzhen R&D 4/1/20
Chinese automobile and automobile battery company
BYD has formed a joint R&D company with an
investment of 345 million yuan (US$48.52 million) with
Toyota Motor Corporation to focus on battery electric
vehicles
14
Anhui Automotive
Industry
Anhui
Expansio
n
4/1/20
Anhui Provincial Department of Economy and
Information Technology issued the "Key Points for
Development of Anhui Province Automobiles and NEV
Automobiles in 2020."
15
Chongqing
Vehicle
Inspection
Institute/
Chongqing
University
Chongqin
g
R&D 4/17/20
The C-V2X scale test platform designed by Chongqing
Institute of Vehicle Inspection and Chongqing University
for R&D was officially put into use. This is the first C-
V2X scale test platform put into use nationwide.
16 Dongfeng Motor
Chongqin
g
OEM 4/24/20
Chongqing Municipal Government and Dongfeng
Company signed the "Strategic Cooperation
Framework Agreement". The two parties will continue to
support Dongfeng Company and its partners in
accelerating the development of enterprises in
Chongqing
17 Youpin Auto Jinhua
Greenfiel
d
5/13/20
Youpin Wuyi NEV car project with a total framework
investment of 2 billion yuan was officially settled.
18
Faurecia Clarion
Electronics
Chongqin
g
Greenfiel
d
5/14/20
The Chongqing R&D headquarters of Faurecia Clarion
Electronics established
19
Yadi Technology
Group Co.
Chongqin
g
Motorcycl
e
6/1/20
Yadi’s electric motorcycle OEM and supporting
Autoparts industrial park project will invest in the
construction of an annual production project of 2 million
electric motorcycle OEM and supporting Autoparts in
Yongchuan. It is expected to be put into production in
2021
20
Ruiyue
Automobile
Chongqin
g
Autoparts 6/1/20
Ruiyue Automobile Industry (Chongqing) production
base was officially completed and put into production.
21
Honeycomb
Yichuang
Technology Co.
Chongqin
g
Autoparts 6/1/20
Honeycomb 9AT automatic transmission is the
independent R&D of Great Wall Motors. It is the most
high-end automatic transmission project in China. It
was rated as the world's top ten transmission in 2017. It
has the ability to completely replace the related
transmission models of ZF and Aisin.
22
Fengchao
Automotive
Chongqin
g
Autoparts 6/1/20
The Fengchao Yichuang 9AT automatic transmission
project started at the Yongchuan Autoparts base in
Chongqing. It is reported that the project may be
completed and put into production as soon as the end
of December 2021
23 SAIC Shanghai OEM 6/1/20
Chen Hong, chairman of the SAIC Group, said that one
of China's oldest auto joint ventures, SAIC Volkswagen,
will spend 140 billion yuan ($19.8 billion) in the next five
years, mainly for NEV and smart cars.

3. Company Name Location Type Date News
24 SAIC Volkswagen Shanghai OEM 6/1/20
This new OEM base of SAIC Volkswagen is the world's first
newly built MEB (Pure Electric Vehicle Modular) platform
factory with an investment of 17 billion yuan by the
Volkswagen Group. The investment is 17 billion yuan and the
production capacity is 300
25 Great Wall Motor Chongqing
Green
field
6/19/20
Great Wall Motor's annual production of 60,000 new SUV
models, with a total investment of 1 billion yuan, is expected
to achieve an annual output value of 10 billion yuan after
reaching production in 2021.
26 Beijing Hyundai Chongqing OEM 7/1/20
According to Li Hexun, vice president of Hyundai Motor
China, Chongqing, as a representative of western China, is in
a strategic position in Hyundai Motor Group's China
business. In 2020, the new Yuena models produced at the
Beijing Hyundai Chongqing plant will be exported to 18
countries around the world. Hyundai Motor Group plans to
start production of the Encino and Festa electric models at
the Chongqing plant, making the Chongqing plant an
important production base for NEV vehicles;
27 Geely Chongqing
OEM/
R&D
7/12/20
Geely Holding Group's Saxo (China) financial technology
project has settled in Chongqing Liangjiang New District; in
July, Geely Holding Group and Chongqing Liangjiang New
District formally signed a strategic cooperation agreement,
high-end NEVOEM project, Geely Industrial Internet Global
Headquarters and Digital Factory In September, Geely
Technology Group’s first smart power station project was
unveiled in Chongqing.
28 Volvo Chengdu
Green
field
7/22/20
Announced the high-end model project of the SPA2 platform
with an annual output of 30,000 vehicles settled in Chengdu
Economic Development Zone.
29
Changan
Automobile
Chongqing
Invest
ment
7/27/20
Chongqing Changan Automobile Co., Ltd. and Chongqing
Linkong Development Investment Group Co., Ltd. jointly
established Chongqing Changan Kaicheng Automobile
Technology Co., Ltd.,
30
Dia One Dimension
NEV Automobile
Co.
Ningbo
Green
field
7/27/20
Dia One-dimensional NEV Automobile Co., Ltd. officially
settled its headquarters in Fenghua Economic Development
Zone, Ningbo
31 Weimar Motors Chengdu R&D 7/28/20
Weimar Global R&D Center can be located in Chengdu and
will become the first large-scale NEV passenger vehicle R&D
organization in Sichuan Province.
32 Byton/Shengteng Nanjing OEM 8/1/20
Byton plans to rename the company to "Shengteng" and
seek 2 billion yuan in financing to restart mass production of
automobiles. Byton's previous major investors
33
Kunshan Baoneng
NEV
Suzhou NEV 9/1/20
Kunshan Baoneng NEV Automobile Project-The project has
a total investment of 33.2 billion yuan
34
South Korea LG
Chem
Wuxi
Batter
y
9/1/20 Construction ceremony of Leyou NEV Materials (Wuxi) Co.
35 Ningde Shidai Chengdu
Green
field
9/19/20
Ningde Times and the Sichuan Provincial People's
Government signed a comprehensive strategic cooperation
agreement in Chengdu. Ningde Times will deploy production
and R&D bases in Yibin
36 Weimar Motors Anhui OEM 10/1/20
Weimar Automobile established Weimar Intelligent
Automobile Technology (Anhui) Co.
37
Kaiyi Automobile/
Chengdu
Automobile
Industry Research
Institute
Yibin R&D 10/23/20
Kaiyi Automobile and Chengdu Automobile Industry
Research Institute signed a strategic cooperation framework
agreement to jointly unveil the "Chengdu Automobile Industry
Research Institute Yibin Branch".
38 Geely Automobile Ningbo OEM 11/1/20 Geely officially launched its brand-new compact sedan

4. Company
Name
Location Type Date News
39 Policy
Nationwid
e
Policy 11/2/20
NEV Automobile Industry Development Expansion
(2021-2035)
40 Volvo Chengdu Autoparts 11/6/20
More than 250 Volvo core suppliers from around the
world have gathered in Chengdu and signed a 5 billion
car supporting project. On the day of the event
41 Changan Chongqing
Greenfiel
d
11/14/20
Zhu Huarong, chairman of Changan Automobile, officially
announced that Changan Automobile will work with
Huawei and CATL to jointly create a new high-end smart
car brand. The brand's high-end smart products will also
be launched soon.
42 Geely Chongqing NEV 11/24/20
Geely Technology Group Co. and Chongqing
Expressway Group have reached a cooperation to build
battery replacement demonstration stations in five
service areas of Chongqing Expressway, including
Qinggang/Weilong/Luohuang/Jingguan/Dalu, and will
further expand the Electric service layout.
43
Zhejiang Hai
Wei
Automotive
Shaoxing Autoparts 11/25/20
Zhejiang Haiwei Auto Parts Co. NEV auto parts project
put into production
44 Changan Chongqing OEM 12/1/20
Changan Automobile’s new CS15 is on the market, with
a total of 3 configurations for the new car. The official
guide price is RMB 61,900 to 76,900.
45
Xinyaun/
Qingling
Chongqing OEM 12/1/20
Chinese automaker Qingling Motors announced that it
has signed an agreement with Dongfang Xinyuan
Holdings Co. to engage in automobile sales and after-
sales services in Chongqing.
46 Geely Ningbo OEM 12/1/20
The all-new Lynk & Co 01 was officially launched on
Zhejiang Ningbo. A total of 5 models, namely Pro, Yao
Pro, Halo, Dark Night, and PHEV Halo, were launched,
with prices ranging from 179,800 to 222,700.
47
Zhejiang
Zhong Che
Xiang Chi
Jiaxing
Greenfiel
d
12/10/20
Zhejiang CRRC Shangchi Electric Co. official settlement
NEV vehicle drive project in Zhejiang.
48
Japan Dian
Chan Ma Da
Jiaxing Autoparts 12/15/20
Nidec Automotive Motor (Zhejiang) Co. opened a new
plant in Pinghu
49 Changan Chongqing OEM 12/22/20
The Changan Kaicheng F70 automatic transmission
model was officially launched. A total of 4 new models
were launched with a price range of RMB 99,800 to
134,000
50
Chongqing Nai
De Yong Ling
Auto
Chongqing
Greenfiel
d
12/25/20
The commissioning ceremony of Chongqing Naide
Yongling Special Purpose Vehicle Co. municipal
sanitation special vehicle production project was held in
Yongchuan District
51 Lifan Chongqing
Bankrupt
cy
12/25/20
*ST Lifan changed ownership, Manjianghong Fund
became the controlling shareholder
52 Great Wall Jiaxing OEM 12/28/20
Great Wall Motor Pinghu Company's first OEM officially
begins
53 Changan Chongqing OEM 12/29/20
Changan Auchan officially announced online that the
2021 Changan Auchan X7 model will be officially
launched. A total of 8 new models have been launched
with a price range of 77,700-129,900
54 VW/Jianghuai Anhui OEM
5/2020 +
11/2020
Volkswagen will acquire half of the shares of Anhui
Jianghuai Automobile Group Holding Company. In
addition
55
Shanghai GM
Wuling
Chongqing
/Guangxi
OEM
12/31/20
20
SAIC-GM-Wuling won the 2020 China pure electric
vehicle sales champion with its global small electric
vehicle (GSEV) series products Hongguang MINIEV

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