Tag: Mergers and Acquisitions

Porsche has officially delivered its 1-millionth vehicle in mainland China, a 911 GT3 Touring priced from 2.268 million yuan ($322,000 USD).

Xpeng has launched the G9L SUV, starting at 231,800 yuan ($32,700). It features 800V charging, up to 1,602 km range (EREV), and advanced AI-driven cabin tech.

Li Auto has launched the i9, a flagship electric SUV priced at 369,800 yuan (~$52,200). It features a 705km range, 4.9s 0-100km/h acceleration, and 5C charging.

GAC Group plans to acquire a stake in a FAW joint venture via share issuance, making FAW its second-largest shareholder. The move aims to consolidate industry resources amid record-low profit margins and overcapacity in China's auto sector.