Market & Industry
Nissan Motor's Apr. China sales grow 12.6% MoM
Nissan Motor's Apr. China sales grow 12.6% MoM

Nissan Motor, the major Japanese automaker, announced on May 9 that its April sales volume in China recovered from a month ago.

May 10 , 2023
JD.com, ZF Aftermarket team up in automobile aftermarket area
JD.com, ZF Aftermarket team up in automobile aftermarket area

On May 9, the automobile sales unit of JD.com and ZF Aftermarket officially signed a strategic cooperation agreement, under which, over the next three years, the two parties will jointly implement the "JD-ZF Plan".

May 10 , 2023
CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM
CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM

On May 9th, the China Banking and Insurance Regulatory Commission ("CBIRC") released on its official website a reply regarding the change of shareholders of 1 AN .COM, a Chinese property insurance company.

May 10 , 2023
SERES Group's net loss narrows YoY in Q1 2023
SERES Group's net loss narrows YoY in Q1 2023

SERES Group, the car-making partner of Huawei, recently released its first-quarter financial report for 2023. With a slight year-on-year decline of 0.79%, the company generated a total operating revenue of 5.091 billion yuan.

May 9 , 2023
JAC Group's Apr. sales surge 62.53% YoY
JAC Group's Apr. sales surge 62.53% YoY

In the fourth month of 2023, JAC Group retained a double-digit growth in sales, according to the sales report the company released on May 8.

May 9 , 2023
Great Wall Motor sees Apr. 2023 sales soar 73.14% YoY with all brands scoring growth
Great Wall Motor sees Apr. 2023 sales soar 73.14% YoY with all brands scoring growth

Great Wall Motor (“GWM”) said on Monday its monthly new vehicles sales surged 73.14% over a year earlier to 93,107 units in Apr. 2023, reversing the year-on-year downward movement for seven consecutive months ended Mar. this year.

May 9 , 2023