In July, consumers in China purchased the mandatory liability insurance for traffic accidents of motor vehicles (MLI) for a total of 2,232 vehicles made by Chinese startups, compared with 9,162 units for the month of June, according to the CIRC.
Aug. 28 , 2019
China encourages local governments of regions where the automobile purchase restriction policy has been implemented to gradually relax or cancel the specific measures of buying limitation, the State Council’s General Office said.
Aug. 27 , 2019
Great Wall Motors (GWM), China’s biggest SUV manufacturer, reported a 58.95% year-on-year slump in first-half net profit attributable to the company’s shareholders after offering discounts, intensifying brand promotion and increasing R&D cost.
Aug. 27 , 2019
The gap among those brands originated from the Continental Europe is being widened gradually regarding their sales performance in China.
Aug. 23 , 2019
Geely Auto Group’s first pure electric brand Geometry launched on August 22 the “GEO.LAND” marque that is designed to build intimacy with users with abundant BEV application scenarios, according to the EV brand’s press release.
Aug. 23 , 2019
Chinese electric vehicle manufacture NIO plans to reduce its workforce by at least 1,200 staff by the end of September, Li Bin, founder, chairman and CEO of the high-profile startup revealed on August 22 in an internal e-mail.
Aug. 23 , 2019