Market & Industry
China’s vehicle sales in February drop 13.77% over the previous year, CAAM
China’s vehicle sales in February drop 13.77% over the previous year, CAAM

China's vehicle outputs and sales in February declined 17.37% and 13.77% year on year respectively, according to the data released by the China Association of Automobile Manufacturers (CAAM).

Mar. 11 , 2019
FAW-VW’s JETTA to unveil three new models on March 22
FAW-VW’s JETTA to unveil three new models on March 22

JETTA, FAW-Volkswagen’s third sub-brand launched on February 26 in Germany, will roll out three new models on March 22 in Chengdu, capital of Sichuan Province, according to local media.

Mar. 11 , 2019
Geely’s first MPV model Jiaji hits the market with price starting at RMB99,800
Geely’s first MPV model Jiaji hits the market with price starting at RMB99,800

Geely's first MPV model—the Jiaji officially hit the market on March 11 as the automaker's first step to build presence in MPV segment. Presale prices for three variants range between RMB99,800 and RMB182,800.

Mar. 11 , 2019
WM Motor raises RMB3 billion in Baidu-led series C round financing
WM Motor raises RMB3 billion in Baidu-led series C round financing

China-based EV startup WM Motor announced on March 8 a completion of a series C round financing that raised a total of RMB3 billion, which is expected to further elevate the company’s valuation.

Mar. 8 , 2019
BYD’s sales for first two months climb 3.12% year on year
BYD’s sales for first two months climb 3.12% year on year

China’s automaker BYD reported that its Jan.-Feb. sales in 2019 totaled 70,753 units, edging up 3.12% year on year. Of that, the Feb. sales were 26,833 units, only 560 units more than that of a year ago.

Mar. 8 , 2019
Great Wall Motor boasts 18.34% YoY growth in Feb. sales
Great Wall Motor boasts 18.34% YoY growth in Feb. sales

Great Wall Motor (GWM) saw its cumulative sales in 2019 climb 7.35% over the previous year to 180,752 units and Jan.-Feb. export volume total 6,696 units with a year-on-year (YoY) growth of 13.86%, the automaker announced on March 7.

Mar. 8 , 2019