Market & Industry
NavInfo’s Q3 net profit slides over 200% YoY
NavInfo’s Q3 net profit slides over 200% YoY

The technology company NavInfo announced its net profit attributable to the parent company's shareholders in the third quarter plunged 209.73% year on year with a loss of around RMB61.42 million ($8.7 million).

Oct. 31 , 2019
Zotye’ Q1-Q3 net profit plunges 283 % YoY
Zotye’ Q1-Q3 net profit plunges 283 % YoY

Zotye Auto, a China-based privately-owned automaker, said its net profit attributable to shareholders in the third quarter of 2019 (Q3) plunged 521.5% year on year with a loss of around RMB 470 million ($66.6 million).

Oct. 31 , 2019
GAC Group’s Jan.-Sept. net profit decline, while investment income remains flat
GAC Group’s Jan.-Sept. net profit decline, while investment income remains flat

Chinese automaker GAC Group gained RMB43.031 billion in gross revenue for the first nine months of 2019, versus RMB53.508 billion for the year-ago period, the company said on October 29.

Oct. 31 , 2019
Imported Audi e-tron said to hit China’s market in mid-November
Imported Audi e-tron said to hit China’s market in mid-November

The long-waited the Audi e-tron, the first BEV model of the German luxury car brand, is said to hit China’s market on November 18 as imported model first. Clearly, Tesla will get a new powerful rival then.

Oct. 29 , 2019
GWM’s Pinghu vehicle plant construction kicks off
GWM’s Pinghu vehicle plant construction kicks off

Great Wall Motors hosted a ceremony to mark the start of the construction of its new plant on October 26 in Pinghu.

Oct. 28 , 2019
WEY’s 300,000th vehicle rolls off the production line at Xushui plant
WEY’s 300,000th vehicle rolls off the production line at Xushui plant

It is reported that the 300,000th vehicle of WEY, the premium SUV brand of Great Wall Motors (GWM), officially rolled off the production line at the plant located at Xushui, Baoding.

Oct. 28 , 2019