Market & Industry
Chery Automobile scores 21.1% YoY leap in August sales
Chery Automobile scores 21.1% YoY leap in August sales

Chery Holding said its vehicle sales reached 64,403 units in August, of which 40,207 units were from Chery Automobile, a 21.1% surge compared to a year ago.

Sep. 2 , 2020
SAIC Motor secures 50 bln yuan credit line from the Export-Import Bank of China
SAIC Motor secures 50 bln yuan credit line from the Export-Import Bank of China

Chinese largest automaker SAIC Motor said it signed an agreement on September 1 with the Export-Import Bank of China for a credit line worth 50 billion yuan ($7.315 billion).

Sep. 2 , 2020
GAC Group, China Post to team up on parcel delivery, mobility service
GAC Group, China Post to team up on parcel delivery, mobility service

GAC Group signed on August 31 a framework agreement with China Post to carry out strategic cooperation on the fields of the market expansion and service, the vehicle procurement, the finance business, the parcel delivery and the mobility service.

Sep. 2 , 2020
GAC Group records 52.87% slump in first-half net profit
GAC Group records 52.87% slump in first-half net profit

GAC Group announced that its operating revenue of the first half of 2020 shrank 9.54% from a year ago to 25.439 billion yuan and the semi-annual net profit attributable to shareholders plunged 52.87% year on year to roughly 2.318 billion yuan.

Sep. 1 , 2020
Chongqing Changan Automobile turns losses into profits during first half of 2020
Chongqing Changan Automobile turns losses into profits during first half of 2020

For the first half of 2020, Changan’s net profit attributable to shareholders amounted to 2.602 billion yuan ($379,928,213), recording an impressive surge from the year-ago loss of 2.24 billion yuan ($327,056,065).

Sep. 1 , 2020
Mr. Scott Tolson, Former CEO of Sigmatex, Getting on Board as Vice President of HRC Group
Mr. Scott Tolson, Former CEO of Sigmatex, Getting on Board as Vice President of HRC Group

In this new position, he will mainly be in charge of the development and implementation of HRC’s global strategy for business growth, also the discovery of new business opportunities.

Sep. 1 , 2020