Market & Industry
Chinese automaker Changan says first-quarter net profit surges 130.1%
Chinese automaker Changan says first-quarter net profit surges 130.1%

Chinese automaker Chongqing Changan Automobile Co.,Ltd. (Changan) said it gained a net profit of RMB631,077,888.63 attributable to shareholders during the first quarter, a year-on-year surge of 130.1%.

Apr. 30 , 2020
China puts off implementation of China Ⅵ emission standard for light-duty vehicles
China puts off implementation of China Ⅵ emission standard for light-duty vehicles

Chinese policy makers has determined to postpone the implementation of the China Ⅵ emission standard that applies to light-duty vehicles in a bid to ease the pressure on automakers whose sales have been hit hard by the coronavirus outbreak.

Apr. 30 , 2020
SAIC Motor reports first-quarter net profit decline of 86.42%
SAIC Motor reports first-quarter net profit decline of 86.42%

China’s largest automaker, SAIC Motor, announced net profit slump for the first quarter of 2020, according to a report released on April 30.

Apr. 30 , 2020
GAC Group records 24.48% year-on-year decrease in first-quarter revenue
GAC Group records 24.48% year-on-year decrease in first-quarter revenue

For the first quarter of 2020, GAC Group clocked a year-on-year plunge of 95.73% in the net profit, and saw its revenue fall 24.48% from a year ago.

Apr. 29 , 2020
Infiniti denies withdrawal from Chinese market
Infiniti denies withdrawal from Chinese market

In fact, the new leader has made some adjustments. Infiniti will not quit the Chinese market.

Apr. 29 , 2020
Chongqing Sokon reports expanded net loss for first quarter
Chongqing Sokon reports expanded net loss for first quarter

Chongqing Sokon Industry Group Stock Co.,Ltd. posted an expanded profit loss in the first quarter of 2020, mainly attributable to the shock wave sent by the coronavirus pandemic.

Apr. 28 , 2020