Market & Industry
JD.com likely to tap into ride-hailing service market
JD.com likely to tap into ride-hailing service market

Chinese e-commerce giant JD.com has reportedly tapped into the ride-hailing business, according to local media.

Sep. 4 , 2018
GAC Group posts YoY growth of 10.07% in August sales
GAC Group posts YoY growth of 10.07% in August sales

Guangzhou Automobile Group (GAC) delivered a total of 173,540 vehicles in August, a year-on-year increase of 10.07%. For the first eight months, the group's YTD sales reached 1,360,071 units, climbing 6.3% over the previous year.

Sep. 4 , 2018
Chery August sales advance 32.7% year on year to 61,845 units
Chery August sales advance 32.7% year on year to 61,845 units

Chery Group gained a YoY sales growth of 32.7% to 61,845 units in August, which also represented a growth of 10.7% compared with July. The good results were mainly driven by Chery’s efforts in products, channels and brands.

Sep. 4 , 2018
BMW to engage in China smart city building
BMW to engage in China smart city building

BMW Group intends to deploy in Chinese mobility market with the so-called “2 plus 4” strategy, said Jochen Goller, President and CEO of BMW Group Region China, at the 2018 International Forum (TEDA) on Chinese Automotive Industry Development.

Sep. 3 , 2018
ORA iQ hits market, priced from RMB 89,800
ORA iQ hits market, priced from RMB 89,800

The ORA iQ, the first model under Great Wall Motor’s newly-launched NEV brand ORA, officially hit the market at the Chengdu Motor Show 2018. The price is ranging from RMB 89,800 to RMB 105,800 after deducted NEV subsidy.

Aug. 31 , 2018
All-new BYD Song hits market with prices ranging from RMB 79,800 to RMB 219,900
All-new BYD Song hits market with prices ranging from RMB 79,800 to RMB 219,900

The all-new BYD Song hit the market on Aug. 30. The new model offers three variants, namely the Song 1.5T gasoline version, the Song DM and the Song EV.

Aug. 31 , 2018