Market & Industry
Dongfeng Motor Corporation, Huawei cement tie-up in ICV, auto informatization
Dongfeng Motor Corporation, Huawei cement tie-up in ICV, auto informatization

Dongfeng Motor Corporation (Dongfeng) and Huawei signed a strategic agreement on August 16 to cement their partnership which was formed in 2014, according to the automaker’s official WeChat account.

Aug. 17 , 2018
Great Wall Motor’s complete vehicle, R&D center roll into Rizhao, Shandong Province
Great Wall Motor’s complete vehicle, R&D center roll into Rizhao, Shandong Province

Great Wall Motor (GWM) signed an agreement with Rizhao Municipal Government, Shandong Province on Aug. 16, saying that GWM will build a complete vehicle manufacturing and R&D base in Rizhao.

Aug. 17 , 2018
Dongfeng Motor Corporation reports double-digit YoY sales drop in July
Dongfeng Motor Corporation reports double-digit YoY sales drop in July

In July, Dongfeng Motor Corporation saw its July sales evidently fall 18.76% to 185,966 vehicles. For the first seven months, the automaker delivered 1,696,102 vehicles in total, a slight sales drop of 0.24% compared with the same period in 2017.

Aug. 16 , 2018
LeTV claims no equity or cooperation relation with Faraday Future
LeTV claims no equity or cooperation relation with Faraday Future

On August 15, Chinese online video service provider LeTV claimed in a statement that it is unaware of Faraday Future (FF)’s long-term strategic planning and the NEV maker’s production and sales goal.

Aug. 15 , 2018
FAW Group, China Southern Airlines build tie-up to develop mobility services
FAW Group, China Southern Airlines build tie-up to develop mobility services

FAW Group Corporation (FAW Group) and China Southern Airlines signed a strategic agreement in Guangzhou on August 13 to jointly explore new business models in such areas as mobility and marketing.

Aug. 15 , 2018
HSBC Securities lowers GWM ’s EPS forecast due to weak sales
HSBC Securities lowers GWM ’s EPS forecast due to weak sales

HSBC Securities recently lowered the earnings per share forecast from year 2018-2020 of Great Wall Motor by 11-16%, as the firm’s weak sales in July made HSBC Securities not optimistic about the sales status in the second half of this year.

Aug. 15 , 2018