Market & Industry
GAC Group’s Jan.-Sept. net profit decline, while investment income remains flat
GAC Group’s Jan.-Sept. net profit decline, while investment income remains flat

Chinese automaker GAC Group gained RMB43.031 billion in gross revenue for the first nine months of 2019, versus RMB53.508 billion for the year-ago period, the company said on October 29.

Oct. 31 , 2019
China's motor vehicle manufacturing posts smaller profit decline
China's motor vehicle manufacturing posts smaller profit decline

National Bureau of Statistics (NBS) announced Jan.-Sept. profits fell 16.6% year on year to RMB373.46 billion ($52.86 billion), with the decline shrinking 2.4 percentage points compared with the first eight months.

Oct. 30 , 2019
BYD’s Q3 net profit tumbles 88.58%, warns on 2019 profit
BYD’s Q3 net profit tumbles 88.58%, warns on 2019 profit

Chinese automaker BYD reported on October 29 an 88.58% year-on-year plunge in the third-quarter (Q3) net profit in the wake of a three-consecutive-month decrease in monthly sales volume taking place during the same period.

Oct. 30 , 2019
WEY’s 300,000th vehicle rolls off the production line at Xushui plant
WEY’s 300,000th vehicle rolls off the production line at Xushui plant

It is reported that the 300,000th vehicle of WEY, the premium SUV brand of Great Wall Motors (GWM), officially rolled off the production line at the plant located at Xushui, Baoding.

Oct. 28 , 2019
CATL posts double-digit growth in Q3 revenue, while net profit declines
CATL posts double-digit growth in Q3 revenue, while net profit declines

Chinese EV battery giant CATL said its net profit attributable to shareholders in the third quarter of 2019 (Q3) slide 7.2% year on year to around RMB1.362 billion despite a double-digit increase in revenue.

Oct. 28 , 2019
Great Wall Motor boasts remarkable year-on-year hike in Q3 net profit
Great Wall Motor boasts remarkable year-on-year hike in Q3 net profit

Great Wall Motor (GWM) reported a splendid hike in the third-quarter (Q3) profit compared with the same period a year ago, after the Chinese biggest SUV and pickup manufacturer announced a double-digit growth in Q3 sales volume.

Oct. 28 , 2019