Geely Auto will not lay off employees, cut salaries or delay wage payment amid the combat against coronavirus, said An Conghui, president and CEO of Geely Auto Group, despite the revenue and profit downturn for 2019 and the impact from the COVID-19.
Apr. 2 , 2020
BMW Brilliance kicked off on April 1 the construction of its new Tiexi plant, which is expected to largely ramp up BMW’s production capacity in the world’s largest auto market.
Apr. 2 , 2020
Hongqi, the premium auto brand of FAW Group, sold over 25,000 vehicles during the first quarter of 2020, achieving a remarkable surge of 88%, according to Hongqi Sales Company.
Apr. 1 , 2020
Chinese automaker BYD released on March 31 its financial results in 2019.
Mar. 31 , 2020
China's VIA (Vehicle Inventory Alert Index) stood at 59.3% in March, a month-on-month drop of 27 percentage points, mainly thanks to the effective containment over the novel coronavirus, according to the China Automobile Dealers Association (CADA).
Mar. 31 , 2020
BAIC Motor, BAIC Group’s Hong Kong listed subsidiary, announced its 2019 net profit attributable to equity holders slid 7.8% from the year-ago period to RMB4.083 billion, and the basic earnings per share dropped 9.1% to RMB0.5.
Mar. 31 , 2020