Market & Industry
Lexus China sales exceed 16,000 units in Oct., up 11% YoY
Lexus China sales exceed 16,000 units in Oct., up 11% YoY

Toyota’s luxury brand Lexus reported a year-on-year sales jump of 11.2% with 16,324 vehicles sold in China in October.

Nov. 5 , 2019
Chery Holding sees Oct. sales grow 5.2% YoY to 70,300 units
Chery Holding sees Oct. sales grow 5.2% YoY to 70,300 units

Chery Holding reported an auto sales volume of 70,300 vehicles for October, which was up 2.9% month on month and 5.2% year on year.

Nov. 4 , 2019
Geely, Daimler’s joint premium mobility service project to be launched soon
Geely, Daimler’s joint premium mobility service project to be launched soon

Zhejiang Geely Holding Group (Geely Holding) is going to launch its second mobility service brand following Cao Cao.

Nov. 4 , 2019
Changan Automobile to transfer equity stake in joint venture with PSA
Changan Automobile to transfer equity stake in joint venture with PSA

Chongqing Changan Automobile Co., Ltd (Changan Automobile) intends to transfer 50% equity stake in the Sino-French joint venture Changan PSA (CAPSA), according to a file posted on the website of Chongqing Assets and Equity Exchange (CQUAE).

Nov. 1 , 2019
FAW’s Hongqi reports best-ever monthly sales
FAW’s Hongqi reports best-ever monthly sales

Hongqi, the state-owned FAW Group’s premium auto brand, chose to announce its all-time high sales performance on the last day of October.

Nov. 1 , 2019
Changan Automobile clocks 7.25% revenue growth in Q3
Changan Automobile clocks 7.25% revenue growth in Q3

As of September, Chongqing Changan Automobile Co., Ltd (Changan Automobile) had posted net loss for the fifth quarter in a row, while the situation became somewhat better.

Oct. 31 , 2019