Transportation

The total auto sales also had a 4% decrease.

This round comes as Xpeng plans to launch its P7 sedan in spring 2020.

Huawei aims to become a smart auto components provider based on information and communication technology.

Byton’s M-Byte is making a splash across the globe.

They aim to develop BEVs that better fit Chinese customers.

The EV maker might need another RMB 15 billion (USD 2.1 billion) in funding between 2019 and 2020 to stay afloat.

The company is focusing on the auto leasing sector now that China’s EV sales are declining by double digits.

Policymakers believe that this solution will be fair to both traditional taxis and ride-hailing companies.