Market & Industry
Geely Auto files prospectus for Shanghai STAR Market listing
Geely Auto files prospectus for Shanghai STAR Market listing

Geely Automobile Holding Limited is ready to become China’s first carmaker listed on China’s Nasdaq-style sci-tech innovation board, also known as the STAR market, according to a prospectus it has submitted to Shanghai Stock Exchange.

Sep. 1 , 2020
FAW Hongqi’s auto sales zoom 110% YoY in August
FAW Hongqi’s auto sales zoom 110% YoY in August

Hongqi, Chinese luxury car brand owned by FAW Group, saw its sales hit a record high of over 21,000 units in August, a substantial year-on-year growth of 110%, according to a posting on Hongqi’s WeChat account.

Sep. 1 , 2020
China’s Vehicle Inventory Alert Index edges down 0.5 percentage points YoY to 52.8% in Aug.
China’s Vehicle Inventory Alert Index edges down 0.5 percentage points YoY to 52.8% in Aug.

China’s Vehicle Inventory Alert Index (VIA) stood at 52.8% in August, which declined 9.9 and 0.5 percentage points compared to the previous month and to the previous year respectively, according to the China Automobile Dealers Association (CADA).

Sep. 1 , 2020
NIO Inc. Announces Pricing of Offering of 88,500,000 American Depositary Shares
NIO Inc. Announces Pricing of Offering of 88,500,000 American Depositary Shares

NIO Inc., a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 88,500,000 American depositary shares.

Aug. 31 , 2020
New Haval H6 hits the market with a starting price of RMB115,900
New Haval H6 hits the market with a starting price of RMB115,900

The new-gen Haval H6 looks quite different from the former one.

Aug. 31 , 2020
Great Wall Motor’s H1 gross revenue falls 13.17% over a year earlier
Great Wall Motor’s H1 gross revenue falls 13.17% over a year earlier

For the first half of 2020, Great Wall Motor Company Limited (GWM) saw its gross revenue dip 13.17% from a year ago to roughly 35.929 billion yuan ($5,236,270,381), according to its semi-annual financial results.

Aug. 31 , 2020