Market & Industry
Chery Holding says Nov. auto sales hit record high for 2019
Chery Holding says Nov. auto sales hit record high for 2019

On the first workday of December, Chery Holding, the parent company of Chery Automobile Co. Ltd, announced its auto sales in November rose 6.2% over a month ago to 74,700 units, a new record-breaking figure achieved so far this year.

Dec. 2 , 2019
China to introduce 27 new imported models from Q4, 2019 to end-2020
China to introduce 27 new imported models from Q4, 2019 to end-2020

From the fourth quarter to the end of 2020, there will be 27 new imported models launched to China’s market, the lowest figure for the recent seven years, according to a report released by Sinomach Automobile Co.,Ltd on November 30.

Dec. 2 , 2019
Beijing Benz offers seven-seater SUV GLB priced from 314,800 yuan
Beijing Benz offers seven-seater SUV GLB priced from 314,800 yuan

Beijing Benz, a Sino-German joint venture, launched the GLB—its seven-seater compact SUV—available with three variants with the guiding price between 314,800 and 354,800 yuan ($44,783-50,473).

Dec. 2 , 2019
SAIC-Audi project not to sell vehicles before 2022
SAIC-Audi project not to sell vehicles before 2022

Audi is said to be making a plan with partners in China to boost sales and improve its brand value in three years. Besides, the SAIC-Audi project will not sell products before 2022, but the project has been moving forward.

Dec. 1 , 2019
BMW, Great Wall Motor celebrate first spade cut of Spotlight JV project
BMW, Great Wall Motor celebrate first spade cut of Spotlight JV project

BMW Group and Great Wall Motor officially initiated their 50:50 joint-venture project, Spotlight Automotive, on November 29, marking the first joint venture between foreign and privately-owned automakers in China will be soon established.

Nov. 29 , 2019
Geely’s second BMA-based SUV “ICON” said to go on sale in Jan., 2020
Geely’s second BMA-based SUV “ICON” said to go on sale in Jan., 2020

The ICON, Geely Auto’s second BMA (B-Segment Modular Architecture)-based SUV model, is said to hit the market in January, 2020.

Nov. 29 , 2019