Market & Industry
All-new Mercedes-Benz A-Class L sedan hits China to rival BMW 1 Series, Audi A3
All-new Mercedes-Benz A-Class L sedan hits China to rival BMW 1 Series, Audi A3

The all-new Mercedes-Benz A-Class L sedan will officially hit China’s market on November 23. Offering 5 variants at the preliminary stage, the China-made model’s presale has started in early November with prices ranging from RMB216,000.

Nov. 23 , 2018
China luxury car sales climb in Oct. despite overall vehicle sales drop
China luxury car sales climb in Oct. despite overall vehicle sales drop

By compiling the sales data released by corresponding automakers, Gasgoo found out that who will be the champion by annual sales in China is getting more and more suspenseful.

Nov. 23 , 2018
Qoros Auto said to lose senior vice president Cai Jianjun
Qoros Auto said to lose senior vice president Cai Jianjun

Cai Jianjun, vice president of Baoneng Auto and senior vice president of Qoros Auto has reportedly left Qoros Auto after he joined the automaker on March 20. Yet, his future decision remains unknown.

Nov. 22 , 2018
Dongfeng forms two new companies by integrating 6 auto parts subsidiaries
Dongfeng forms two new companies by integrating 6 auto parts subsidiaries

On November 17 and 18, Dongfeng Motor Corporation saw two new subsidiaries established after integrating businesses of six auto parts units, according to the automaker’s official WeChat account.

Nov. 21 , 2018
Baoneng Group plows RMB3 billion to deepen EV power battery deployment
Baoneng Group plows RMB3 billion to deepen EV power battery deployment

A company dubbed Shenzhen Hongpeng New Energy Technology Co.,Ltd was registered on November 19 with a registered capital of RMB3 billion. It is noteworthy that the amounts of capital subscribed by Baoneng Group reach RMB2.97 billion.

Nov. 20 , 2018
Nissan's Ghosn to be arrested for significant misconduct
Nissan's Ghosn to be arrested for significant misconduct

After Japanese media reported that Nissan Motor’s Chairman Carlos Ghosn violated Japanese financial law, the automaker confirmed that it has been investigating over the past several months on the chairman and Representative Director Greg Kelly.

Nov. 19 , 2018