Gasgoo.com (Shanghai) - Five of China’s six major automobile manufacturing enterprises, namely Dongfeng Motor, SAIC Group, BAIC Group, FAW Car and GAC Group, have released their fiscal reports for the first half of this year. Only Changan Automobile has yet to release its half year fiscal report.
Sep. 9 , 2016
Gasgoo.com (Shanghai) - Volkswagen’s recent scandals with covering up the extent of emissions coming out of their vehicles have raised different responses across the world. In the US, where VW gave large amounts of compensation to affected owners, the brand’s reputation still suffered, going as far as tarnishing the prestige of German automakers as a whole. By comparison, in China consumers voiced complaints that they were not receiving similar compensation to consumers of other countries. However, VW still continues to lead the Chinese market by a large margin, as the brand dominates a huge share of the Chinese market.
Sep. 6 , 2016Gasgoo.com (Shanghai) - The automotive market in China has undergone rapid development over the last decade. One result of this development is that more and more own brand automobile manufacturers have been moving to developing their own engines and transmissions.
Sep. 1 , 2016Gasgoo.com (Shanghai) - According to the latest version of the Blue Book of New Energy Vehicle, one of China’s most authoritative reports on the new energy car industry in China, a total of 497,000 new energy vehicles have been sold in the country since the end of 2015. As a result, China has become the country with the largest number of new energy vehicles on its roads. With beneficial government subsidies, Chinese manufacturers have been encouraged to introduce even more new energy vehicle models.
Aug. 19 , 2016Gasgoo.com (Shanghai) - With over half of the year already past, the question arises, which automotive manufacturer has achieved the highest net profits so far? A recent report from the Nanfang Daily revealed that JVs affiliated with Ford, VW and other foreign brands have posted net profit rates far higher than those of domestic own brand manufacturers. On average, JVs earned an average of 20,000 RMB for each new vehicle sale made. However, own brands have been benefiting from increased SUV sales, which have allowed them to somewhat catch up with their JV competitors. However, this growing competition has also increased the average cost each vehicle sold in the country.
Aug. 17 , 2016Gasgoo.com (Shanghai) - Ever since the rise of the Chinese automotive market, the topic of when and how domestic own brand manufacturers will be able to take on joint venture enterprises has stirred heated debate.
Aug. 11 , 2016