- Luxury vehicle model prices drop after China reduces VAT rate from May 1
A reduction of 1 percentage point in China’s VAT (value-added tax) rate has come into effect on May 1 and the prices of several luxury vehicle models dropped accordingly afterwards.
May 02 , 2018
- BAIC said to abandon old logo
BAIC Group is likely to forgo its old logo. The company had reportedly applied a capitalized letter B-shaped logo, which will be utilized on cars and electric vehicles.
Apr. 17 , 2018
- BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion
BAIC Motor Corporation Ltd (BAIC Motor) reported that its annual operation revenue boasted a year-on-year increase of 15.50% to RMB 134.158 billion in 2017, which was mainly driven by the rising incom...
Apr. 03 , 2018
- Sokon plans to add investment in SF Motors
Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon) announced on Mar. 10 that the company plans to add investment in its wholly-owned subsidiary SF Motors.
Mar. 13 , 2018
- Geely denies using money from state-owned asset on Daimler stake acquisition
Yang Xueliang, vice president of Geely Automobile Group, restated that the Hangzhou-based company didn’t use domestic funds to acquire Daimler’s stakes as a response to the speculations on the fun...
Feb. 28 , 2018
- Top 10 Luxury Car Brands by January Sales in China
Half of the luxury auto brands realized double-digit year-on-year sales growth in January while the growth rate of Audi exceeded 70 percent.
Feb. 23 , 2018
- Beijing Mercedes-Benz sees personnel change
Li Hongpeng, former senior executive vice president of Mercedes-Benz Sales Company has finished his five-year tenure. He returned back to BAIC Group to take a new position on Feb. 1.
Feb. 01 , 2018
- Top 10 Luxury Auto Brands by 2017 Sales in China
In 2017, among the top ten luxury auto brands, eight of them achieved doubt-digit sales growth rate in the Chinese market.
Jan. 16 , 2018
