Market & Industry
GAC Group sees sales growth of 7.25% year on year to 169,752 units in July
GAC Group sees sales growth of 7.25% year on year to 169,752 units in July

GAC Group reported sales of 169,752 vehicles in July, up 7.25% from a year earlier. From January to July, the group handed over 1,186,531 vehicles, representing a year-on-year growth of 5.77%.

Aug. 3 , 2018
JD Logistics, WM Motor co-build smart logistics truck JV
JD Logistics, WM Motor co-build smart logistics truck JV

On August 1, JD Logistics, WM Motor, Global Logistic Properties, JUMA jointly announced the establishment of a smart truck joint venture, which will work on developing new type of intelligent trucks and may put them into volume production in 2020.

Aug. 2 , 2018
Geely-backed Terrafugia first flying car Transition to go on sale in 2019
Geely-backed Terrafugia first flying car Transition to go on sale in 2019

Flying car developer Terrafugia, which is owned Zhejiang Geely Holding Group, unveiled in recent time the details of its first mass-produced flying car dubbed Transition, which is expected to go on sale in 2019.

Aug. 2 , 2018
Beijing Benz likely to gain profits over RMB 11 bln in H1
Beijing Benz likely to gain profits over RMB 11 bln in H1

It is expected that profits of Beijing Benz Automotive Co., Ltd. (Beijing Benz) will exceed RMB 11 billion, which can be calculated from Daimler’s earnings in Beijing Benz.

Aug. 1 , 2018
Baidu Q2 revenues surge with Apollo blooming development
Baidu Q2 revenues surge with Apollo blooming development

Chinese Internet giant Baidu achieved a blooming second quarter with revenues surging 32% year on year to RMB 26 billion and net profits jumping 31% over the previous year to RMB 6.4 billion, according to the Baidu's Q2 unaudited financial results.

Aug. 1 , 2018
Top 10 SUV models by June sales in China
Top 10 SUV models by June sales in China

Last month, half of SUV models on the list encountered substantial sales drop in monthly sales versus its prior-year performance. A total of 6 China-owned SUV models entered the top 10 list by June sales.

Jul. 31 , 2018