Market & Industry
Chery Auto eyes foray into UK market in 2026
Chery Auto eyes foray into UK market in 2026

China’s major automaker Chery Auto intends to foray into the British market in 2026 with several plug-in hybrid and battery-electric models, said Charlie Zhang Shengshan, executive vice president of Chery International.

Nov. 15 , 2022
Leapmotor’s Q3 revenue soars 398.5% YoY with gross margin improving
Leapmotor’s Q3 revenue soars 398.5% YoY with gross margin improving

The HK-listed Chinese new energy vehicle startup, Leapmotor, saw its revenue in the third quarter of 2022 leap roughly 400% year over year, according to the company’s financial report on November 14.

Nov. 14 , 2022
Great Wall Motor’s TANK 300 to hit Iraqi market soon
Great Wall Motor’s TANK 300 to hit Iraqi market soon

Major Chinese automaker Great Wall Motor showcased its TANK 300 signature off-roader at the 46th Baghdad International Fair in Iraq which was held in early November.

Nov. 14 , 2022
Gasgoo Daily: GAC Group to set up 30 billion yuan worth of joint automotive industrial fund
Gasgoo Daily: GAC Group to set up 30 billion yuan worth of joint automotive industrial fund

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Nov. 11 , 2022
Dongfeng Motor Group sees 3% YoY rise in Jan.-Oct. passenger vehicle sales
Dongfeng Motor Group sees 3% YoY rise in Jan.-Oct. passenger vehicle sales

In October, Dongfeng Motor Group Company Limited (Dongfeng Motor Group) sold 217,757 vehicles, representing a 4.4% decrease from a year ago.

Nov. 11 , 2022
Schaeffler cements cooperation with several Chinese state-owned companies at 5th CIIE
Schaeffler cements cooperation with several Chinese state-owned companies at 5th CIIE

Schaeffler signed agreements with several Chinese state-owned companies at the 5th China International Import Expo (CIIE) to carry out strategic cooperation in such field as energy, mining, and heavy equipment.

Nov. 10 , 2022