Market & Industry
Great Wall Motor posts YoY sales growth of 2.34% in H1 to 471,515 units
Great Wall Motor posts YoY sales growth of 2.34% in H1 to 471,515 units

Great Wall Motor (GWM) reported 62,186 units in June, sliding 3.54% compared with the previous year. From January to June, GWM achieved a 2.34% year-on-year rise to 471,515 units, completing 40.65% of its 2108 sales target.

Jul. 13 , 2018
Top 10 PV automakers by June wholesale volume, CPCA
Top 10 PV automakers by June wholesale volume, CPCA

According to the data released by the China Passenger Car Association (CPCA), China’s PV retail sales reached 1,687,382 units in June, not only edging down 3.1% year on year, but also falling 6.4% month on month.

Jul. 12 , 2018
Geely Auto H1 net profit likely shoot up over 50% year on year
Geely Auto H1 net profit likely shoot up over 50% year on year

Geely Auto’s net profit in the first half of 2018 would surge over 50% compared with the corresponding period in 2017, the automaker announced on July 11.

Jul. 12 , 2018
Zotye sales exceed 150,000 in first half of 2018
Zotye sales exceed 150,000 in first half of 2018

Zotye’s current full line-up covers the SUV, sedan and full electric vehicle. In the first half of 2018, sales grew by 45 percent compared to the year before, to a total of 154,307 units.

Jul. 11 , 2018
Pony.ai completes 214 million worth of A round funding, the biggest for China self-driving startups
Pony.ai completes 214 million worth of A round funding, the biggest for China self-driving startups

Pony.ai, a Chinese autonomous driving startup, announced on July 11 that the company has closed a $102 million worth of funding round as the second stage of its A round financing.

Jul. 11 , 2018
Volkswagen to promote e-mobility offensive in China by building new partnership with FAW
Volkswagen to promote e-mobility offensive in China by building new partnership with FAW

Volkswagen Group China signed letters of intent with Chinese state-owned automaker FAW Group and China Intelligent and Connected Vehicles (Beijing) Research Institute Co. Ltd on July 10 during the state visit of Chinese Premier Li Keqiang to Belin.

Jul. 11 , 2018