Market & Industry
BYD S2 all-electric SUV priced starting RMB89,800 after subsidy
BYD S2 all-electric SUV priced starting RMB89,800 after subsidy

BYD will see the all-electric SUV “S2” hit the market tonight. Positioned below the models under BYD’s Dynasty Series, the BYD S2 will be offered in three variants with a presale price of RMB100,000.

Jun. 17 , 2019
Evergrande Group to pump RMB120 billion into NEV bases in Shenyang
Evergrande Group to pump RMB120 billion into NEV bases in Shenyang

Chinese real estate giant China Evergrande Group on June 15 inked a strategic cooperation agreement with Shenyang Municipal Government for its NEV bases’ deployment, only four days after forging partnership with Guangzhou Government.

Jun. 17 , 2019
May sales summary of China’s mainstream auto groups
May sales summary of China’s mainstream auto groups

Gasgoo compiled sales data released by eight mainstream auto groups in China. Aside from JAC Motors, the other automakers all posted year-on-year decrease in May sales.

Jun. 14 , 2019
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou

China Evergrande Group on June 11 signed a strategic cooperation framework agreement with Guangzhou Municipal Government as part of efforts to deepen its deployment in new energy vehicle (NEV) domain.

Jun. 12 , 2019
China's vehicle sales in May 2019 drop 16.4% from a year ago, CAAM
China's vehicle sales in May 2019 drop 16.4% from a year ago, CAAM

For the month of May 2019, China's vehicle output and sales volume reached 1.848 million units and 1.913 million units, shrinking 21.2% and 16.4% from the year-ago period respectively,according to the CAAM.

Jun. 12 , 2019
Great Wall Motor sees Jan.-May sales for 2019 rise 5.11% over year-ago period
Great Wall Motor sees Jan.-May sales for 2019 rise 5.11% over year-ago period

Great Wall Motor said on June 11 that its sales in May fell 11.78% year on year to 62,559 units, while year-to-date (YTD) sales still grew 5.11% from a year ago to 430,239 units.

Jun. 12 , 2019