Market & Industry
Hubei highlights incentives to boost car sales
Hubei highlights incentives to boost car sales

Hubei provincial government has formulated a set of measures in a bid to unleash consumers’ pent-up automobile consumption demands.

Jun. 2 , 2020
Hongqi May sales rocket, with two models to come
Hongqi May sales rocket, with two models to come

Hongqi once again obtained stunning sales growth in May.

Jun. 1 , 2020
Beijing to add 20,000 NEV license plates for car-free families
Beijing to add 20,000 NEV license plates for car-free families

Beijing plans to increase 20,000 NEV (new energy vehicle) license plates at one go in the second half of 2020, which will be all allocated to car-free families, according to a draft regulation released by Beijing Municipal Commission of Transport.

Jun. 1 , 2020
Shaanxi to subsidize NEV shopping for car-free families
Shaanxi to subsidize NEV shopping for car-free families

Shaanxi joins a string of Chinese local governments that roll out incentives to provide a lift on automobile sales.

May 29 , 2020
Geely Auto seeks to raise money through placing of shares
Geely Auto seeks to raise money through placing of shares

Geely Auto announced on May 29 it has signed an agreement with placing agents, pursuant to which the latter agreed to make their best efforts to have placees procure 600,000,000 placing shares at the price of HK$10.8 per share.

May 29 , 2020
Volkswagen Group to buy 50% stake in JAC Motors’ parent company
Volkswagen Group to buy 50% stake in JAC Motors’ parent company

Volkswagen Group agreed to purchase 50% stake in Anhui Jianghuai Automobile Group Holdings Limited, the company parent of Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors).

May 29 , 2020