Market & Industry
SAIC MAXUS’s Oct. sales continue to exceed 10,000 units, up 78.58% YoY
SAIC MAXUS’s Oct. sales continue to exceed 10,000 units, up 78.58% YoY

It only took SAIC MAXUS ten months of 2019 to break 2018 annual sales record with 92,146 units sold as of October.

Nov. 5 , 2019
Sokon Group reports Q1-Q3 net loss of RMB421 million
Sokon Group reports Q1-Q3 net loss of RMB421 million

Sokon Group saw its revenue for the first nine months of 2019 slide 18.96% year on year to roughly 11.55 billion ($1.64 billion), the company said on October 30.

Nov. 5 , 2019
Lexus China sales exceed 16,000 units in Oct., up 11% YoY
Lexus China sales exceed 16,000 units in Oct., up 11% YoY

Toyota’s luxury brand Lexus reported a year-on-year sales jump of 11.2% with 16,324 vehicles sold in China in October.

Nov. 5 , 2019
Zotye, Ctrip set up mobility project with first 4,000 vehicles deployed
Zotye, Ctrip set up mobility project with first 4,000 vehicles deployed

​Zotye, a vehicle manufacturing enterprise and Ctrip, a leading Chinese provider of travel services hold a ceremony for their strategic partnership on October 30 at the Zhejiang-based automaker’s Jinhua facility.

Nov. 4 , 2019
Anhui Ankai sees Q1-Q3 net profit soar YoY
Anhui Ankai sees Q1-Q3 net profit soar YoY

​Anhui Ankai saw net profit attributable to the listed company's shareholders in the first three quarters surge 152.31% year on year up to RMB135 million ($19.2 million).

Nov. 4 , 2019
Changan Automobile to transfer equity stake in joint venture with PSA
Changan Automobile to transfer equity stake in joint venture with PSA

Chongqing Changan Automobile Co., Ltd (Changan Automobile) intends to transfer 50% equity stake in the Sino-French joint venture Changan PSA (CAPSA), according to a file posted on the website of Chongqing Assets and Equity Exchange (CQUAE).

Nov. 1 , 2019