Market & Industry
GAC Group boasts two-digit growth in both July outputs and sales
GAC Group boasts two-digit growth in both July outputs and sales

GAC Group produced 202,379 and sold 183,937 new vehicles last month, representing year-on-year jump of 21.63% and 16.38% respectively.

Aug. 10 , 2020
Great Wall Motor scores 29.79% YoY leap in July sales
Great Wall Motor scores 29.79% YoY leap in July sales

Great Wall Motor (GWM) said its July sales surged 29.79% year on year to 78,339 units and Jan.-Jul. sales total 473,436 units.

Aug. 10 , 2020
Chinese EV startup Xpeng Motor applies for U.S. IPO
Chinese EV startup Xpeng Motor applies for U.S. IPO

Chinese EV startup Xpeng Motors officially filed for a U.S. initial public offering on August 8, immediately following its rival Li Auto, which raised $1.1 billion through its debut on Nasdaq on July 30.

Aug. 8 , 2020
WM Motor achieves MoM sales growth for 5 straight months
WM Motor achieves MoM sales growth for 5 straight months

WM Motor announced that its new vehicle sales in July were nearly doubled over a year ago to 2,036 units, a new record-breaking figure in terms of monthly sales.

Aug. 6 , 2020
BAIC Motor’s subsidiary to subscribe for 6.25% A shares newly issued by BAIC BluePark
BAIC Motor’s subsidiary to subscribe for 6.25% A shares newly issued by BAIC BluePark

BAIC Guangzhou agreed on August 3 to subscribe for not less than 6.25% of the total new A shares to be issued by BAIC BluePark, an A-share listed subsidiary of BAIC Group (a controlling shareholder of BAIC Motor).

Aug. 6 , 2020
Honda’s China business achieves best-ever figure in July deliveries
Honda’s China business achieves best-ever figure in July deliveries

Japanese automaker Honda said its new vehicle deliveries in China jumped 17.8% from the previous year to 136,646 units last month, the highest-ever volume in terms of July sales.

Aug. 6 , 2020