Market & Industry
GAC Group posts 28.4% year-on-year drop in Q1 net profit
GAC Group posts 28.4% year-on-year drop in Q1 net profit

GAC Group’s revenue for the first quarter of 2019 reached RMB14.256 billion, slumping 25.74% compared with the same period last year, the automaker reported on April 29.

May 5 , 2019
SAIC Motor Q1 net profit shrinks 15% following sales decline
SAIC Motor Q1 net profit shrinks 15% following sales decline

China’s biggest auto group SAIC Motor saw its net profit attributable to shareholders of the list company in the first quarter slide 15% year on year to RMB8.251 billion, according to its Q1 report released on April 29.

May 2 , 2019
Great Wall Motor sees Q1 net profit plunge 62.84%
Great Wall Motor sees Q1 net profit plunge 62.84%

Great Wall Motor’s total revenue in the first quarter shrank 14.85% over the previous year to RMB22.627 billion, the automaker announced on April 30.

May 2 , 2019
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage

SAIC Motor announced on April 28 that it has officially launched the enterprise-class mobility service brand dubbed “Xiangdao Zuche” as part of upgrading strategy for “Xiangdao Chuxing”, a mobility service brand launched in last December.

Apr. 29 , 2019
Geely brand’s first CMA-based model Xingyue to hit the market on May 10
Geely brand’s first CMA-based model Xingyue to hit the market on May 10

Chinese automaker Geely officially launched the CMA (Compact Modular Architecture) platform on April 27. The Geely Xingyue, the first CMA-based model under Geely brand, will officially go on sale on May 10.

Apr. 28 , 2019
Shanghai to implement China’s Stage 6 Emission Standard from July 1
Shanghai to implement China’s Stage 6 Emission Standard from July 1

China’s Stage 6 Emission Standard applying to light-duty vehicles will officially come into effect in Shanghai from July 1, 2019, according to an announcement recently released by Shanghai municipal government.

Apr. 28 , 2019