Market & Industry
Geely’s BMA-based ICON hit the market with price starting RMB115,800
Geely’s BMA-based ICON hit the market with price starting RMB115,800

Geely ICON, Geely Auto’s second BMA (B-segment Modular Architecture)-based SUV, will hit the market on Feb. 24 through a live-streaming platform, the automaker announced via its WeChat account.

Feb. 24 , 2020
Great Wall Motor sees net profit drop in 2019, while surge in second-half
Great Wall Motor sees net profit drop in 2019, while surge in second-half

Great Wall Motor (GWM), China’s biggest SUV and pickup manufacturer, announced its full-year gross revenue reached RMB96.455 billion in 2019, edging down 2.8% compared to the previous year.

Feb. 21 , 2020
Guangzhou, Shenzhen encouraged to increase quotas of car license plate lottery
Guangzhou, Shenzhen encouraged to increase quotas of car license plate lottery

Guangdong provincial government will push eligible regions to launch the subsidy policies for promoting the scrapping and replacement of old and used motor vehicles, according to a governmental file issued on Feb. 21.

Feb. 21 , 2020
China’s top 10 PV, car, SUV models by Jan. 2020 wholesale volume
China’s top 10 PV, car, SUV models by Jan. 2020 wholesale volume

In January, automakers in China sold a total of 1,606,668 locally-produced PVs (hereby referring to cars, MPVs, SUVs and minibuses), a year-on-year decrease of 21.6% and a month-on-month drop of 27.3%, according to the CPCA.

Feb. 19 , 2020
Geely rumored to plow $300 million in startup NIO
Geely rumored to plow $300 million in startup NIO

On Feb. 18, a "we media" platform exposed via its WeChat account that Geely, China's biggest indigeous automaker, plans to pump $RMB300 million in the EV startup NIO. As of press time, both NIO and Geely declined to comment.

Feb. 18 , 2020
SAIC Motor’s auto sales tumble in Jan., but indigenous brands stil defy gravity
SAIC Motor’s auto sales tumble in Jan., but indigenous brands stil defy gravity

SAIC Motor saw its sales in January tumbled 34.55% over a year ago, versus the estimated 18% drop in the industry’s total reported by the China Association of Automobile Manufacturers (CAAM).

Feb. 18 , 2020