Market & Industry
China’s plan to cut VAT rate for manufacturing industry may trigger new round of auto price reduction
China’s plan to cut VAT rate for manufacturing industry may trigger new round of auto price reduction

Li Keqiang, Premier of the State Council of the People's Republic of China, delivered the government work report at the second session of China’s 13th National People’s Congress opened in Beijing on March 5.

Mar. 6 , 2019
Mazda’s China sales from Jan. to Feb. plunge 36.4% year on year
Mazda’s China sales from Jan. to Feb. plunge 36.4% year on year

Japanese automaker Mazda sold 34,388 vehicles in China during the first two months of the year, posting an evident year-on-year drop of 36.4%, Mazda Motor (China) Co., Ltd. announced on March 5.

Mar. 6 , 2019
EV startup NIO to terminate plan for Shanghai manufacturing plant
EV startup NIO to terminate plan for Shanghai manufacturing plant

China-based EV startups NIO announced its unaudited financial results for 2018, saying it posts an annual operating loss of RMB9.596 billion, 93.7% more than that of a year ago. Meanwhile, its full-year revenues totaled RMB4.9512 billion.

Mar. 6 , 2019
528-hp Lynk & Co 03 Cyan Concept photos exposed
528-hp Lynk & Co 03 Cyan Concept photos exposed

Lynk & Co, a Chinese-Swedish automotive brand owned by Zhejiang Geely Holding Group, recently released a group of photos of the Lynk & Co 03 Cyan Concept, which has currently started its road test in Spain.

Mar. 5 , 2019
BYD offers subsidy to buyers as response to China’s “bring autos to countryside” policy
BYD offers subsidy to buyers as response to China’s “bring autos to countryside” policy

Consumers who buy BYD cars from March 1 to March 31 can enjoy subsidy offered by the automaker with no restriction on household registration. This move is launched to respond to the governmental incentives for China’s rural areas.

Mar. 4 , 2019
Renault Brilliance, JD.com ally on O2O automobile business modes
Renault Brilliance, JD.com ally on O2O automobile business modes

On March 4, Renault Brilliance and Chinese e-commerce giant JD.com officially signed a strategic agreement that allows both parties to conduct in-depth cooperation in such areas as e-commerce, finance, logistics, aftermarket and IoV.

Mar. 4 , 2019