PSA granted license to test self-driving vehicle in Chongqing
PSA Peugeot Citroen obtained a license this week from local authorities to test an autonomous vehicle on roads in the southwest China municipality of Chongqing.

Deloitte predicts strong growth of EV Market: oversupply in 10 Years
According to the latest from Deloitte research, sales of plug-in electric cars by 2030 will increase beyond 20 million per year.

Musk: $500 million enough to launch output at Tesla's Shanghai plant
Tesla Inc. CEO Elon Musk told investors the company won’t incur a heavy financial burden to get production up and running at its first overseas factory

SAIC Motor predicts YoY growth of 4.6% in 2018 net profits
Shanghai (Gasgoo)- SAIC Motor predicted that its net profits attributable to shareholders of listed company total around RMB36 billion in 2018, up by nearly 4.6% compared with the 2017's record year.

Didi weighs job cuts in support functions, report says
BEIJING -- Ride-hailing giant Didi Chuxing is looking at cutting headcount in some departments by up to 20 percent, while adding jobs in other areas, such as engineering, news website The Information reported, citing a source.

Toyota sales growth outpaces Nissan, Honda in 2018
Toyota Motor Corp. recorded double-digit sales growth despite the downturn in the Chinese auto market in 2018 but rivals Nissan Motor Co. and Honda Motor Co. generated smaller gains.

GM's entry-market Baojun brand unveils new badge in attempt to go upscale
SAIC-GM-Wuling Automobile Co., GM’s light-vehicle joint venture with SAIC Motor Corp., revealed a new badge for its entry-market Baojun brand in a bid to move the marque upscale.