Zhejiang Geely Automobile Company Limited (Zhejiang Geely) has obtained a governmental approval to build a passenger vehicle (PV) manufacturing base with an annual capacity of 150,000 vehicles in Wuhan, the capital of Hubei Province.
Dec. 18 , 2018
German luxury carmakers Mercedes-Benz and BMW Group announced a new-round of price reduction on vehicles imported to China from the U.S. until March 31, 2019 after China suspended additional tariffs on cars and auto parts imported from the U.S..
Dec. 18 , 2018
Lifan Industry (Group) Co.,Ltd (hereinafter referred to as Lifan Group) will transfer 100% stake in its wholly-owned subsidiary Chongqing Lifan Motor Co.,Ltd to Chongqing Xinfan Machinery Equipment Co.,Ltd with a value of RMB650 million.
Dec. 18 , 2018
Dongfeng Peugeot Citroen Automobile Company LTD (DPCA) announced a sweeping personnel reshuffles on December 14. Su Weibin, DPCA’s general manage will be removed from his current position, while the future whereabouts has not been revealed yet.
Dec. 14 , 2018
Nissan and Toyota gained positive YoY growth in terms of the sales for the first eleven months. Honda posted a YoY drop of 5.6% in YTD sales, yet this is not a bad grade since it has been stuck with the engine oil issue for most days of the year.
Dec. 14 , 2018
Tencent-backed mapmaker NavInfo and China Mobile Location-based Service Center recently inked a cooperation framework agreement focusing on location-based service (LBS), NavInfo announced on December 12.
Dec. 14 , 2018