Market & Industry
New Cadillac XT6 goes on sale with price starting at 389,700 yuan
New Cadillac XT6 goes on sale with price starting at 389,700 yuan

New Cadillac XT6 officially hit the market on June 1, 2020 with 8 variants offered at one go.The price starts at 3,897 yuan and ranges up to 549,700 yuan.

Jun. 2 , 2020
Shanghai to implement China Ⅵ standard for heavy-duty vehicles from July 1, 2020
Shanghai to implement China Ⅵ standard for heavy-duty vehicles from July 1, 2020

Chinese megacity Shanghai will enforce the China Ⅵ emission standards that apply to heavy-duty diesel-fueled vehicles (hereafter referred to as “China VI”) from July 1, 2020.

Jun. 2 , 2020
China’s automobile industry policy updates- May 2020
China’s automobile industry policy updates- May 2020

Gasgoo hereby summarizes the significant automotive industrial policies issued in May by Chinese central and local governments.

Jun. 2 , 2020
BAIC Group to acquire 21.26% stake in car rental service provider CAR Inc.
BAIC Group to acquire 21.26% stake in car rental service provider CAR Inc.

UCAR, a Chinese app-based chauffeured car service provider, signed on May 31 a non-legally binding strategic cooperation agreement with BAIC Group, pursuant to which the latter will acquire no more than 450,790,855 shares from UCAR.

Jun. 1 , 2020
Shenzhen Baoneng Motor’s first vehicle expected to roll off production line in fourth quarter
Shenzhen Baoneng Motor’s first vehicle expected to roll off production line in fourth quarter

On May 30, Shenzhen Baoneng Motor Co.,Ltd. was inaugurated at Longhua District in Shenzhen, where Changan PSA Automobiles Co., Ltd. (CAPSA) was previously located, according to a posting on Baoneng Motor’s WeChat account.

Jun. 1 , 2020
China’s Vehicle Inventory Alert Index in May down by 4.6 percentage points MoM
China’s Vehicle Inventory Alert Index in May down by 4.6 percentage points MoM

China’s Vehicle Inventory Alert Index (VIA) stood at 54.2% in May, which dropped 4.6 percentage points over a month ago, while edged up 0.4 percentage points over a year ago, according to the China Automobile Dealers Association (CADA).

Jun. 1 , 2020