Geely Automobile posted 1% year-on-year growth in November sales.
Dec. 6 , 2019
On December 5, BAIC Motor entered into an agreement with Daimler Greater China Ltd. (DGRC) to contribute an aggregate amount of RMB500 million to Mercedes-Benz Leasing Co., Ltd. (MBLC).
Dec. 6 , 2019
Four major Japanese automakers have announced their China sales performance in November. The biggest bright spot should be Mazda, which achieved a double-digit increase after four-straight-month downturn.
Dec. 6 , 2019
In November, Mazda achieved year-on-year growth in China retail sales after four-consecutive-month decrease.
Dec. 4 , 2019
Toyota’s luxury brand Lexus reported a year-on-year China’s sales growth of 16.5% with 19,325 vehicles sold in November. The sales in the first eleven months totaled 180,239 units, a surge of 21.01% from the year-ago period.
Dec. 4 , 2019
SAIC-GM, a joint venture between General Motors and SAIC Motor, will invest roughly RMB80 billion ($11.3 billion) in the JV’s R&D, technologies and factories from 2020 through 2024, to keep up with the industry mega trends.
Dec. 4 , 2019