Market & Industry
Chinese-spec Cadillac XT6 hits the market, priced from RMB419,700 to RMB549,700
Chinese-spec Cadillac XT6 hits the market, priced from RMB419,700 to RMB549,700

At the Auto Shanghai 2019 in April, SAIC-GM offered the first glimpse of the locally-produced XT6, which officially hit China’s market on July 18 with prices of its 5 variants ranging between RMB419,700 and RMB549,700.

Jul. 19 , 2019
Most automakers in China fail to hit half of sales target in H1 2019
Most automakers in China fail to hit half of sales target in H1 2019

After compiling the data offered by a total of 14 automakers, Gasgoo found out that aside from two Sino-Japanese automakers, most companies didn’t achieve 50% of their annual sales targets after half of the year passed by.

Jul. 18 , 2019
Ford China begins taking pre-orders for its first full battery electric SUV Territory EV
Ford China begins taking pre-orders for its first full battery electric SUV Territory EV

Ford Motor Company today announced it will begin taking pre-orders for its new China-exclusive, fully electric SUV Territory EV. This is also the first full battery electric midsize SUV developed by a joint-venture OEM in China.

Jul. 18 , 2019
China’s CATL ties up with Toyota on NEV battery supply, new battery tech development
China’s CATL ties up with Toyota on NEV battery supply, new battery tech development

Chinese EV battery giant CATL has recently forged partnership with Japanese auto group Toyota to ensure a stable supply of NEV power batteries for the latter, CATL announced on July 17.

Jul. 17 , 2019
22 auto-related companies enter 2019 Fortune China Top 500 List
22 auto-related companies enter 2019 Fortune China Top 500 List

There were a total of 22 automotive companies (including OEMs and auto parts suppliers) entered the 2019 Fortune China Top 500 list, two companies less than that of the previous year.

Jul. 16 , 2019
EV battery supplier CATL says H1 net profit likely to surge 120%-150% year on year
EV battery supplier CATL says H1 net profit likely to surge 120%-150% year on year

Chinese EV battery maker CATL forecast a net profit of RMB2,004,099,400 to RMB2,277,385,700 attributable to shareholders of the public company for the first half of 2019, a year-on-year leap of 120% to 150%.

Jul. 15 , 2019