Market & Industry
Great Wall Motors becomes first Chinese carmaker signing SPIC with Russian government
Great Wall Motors becomes first Chinese carmaker signing SPIC with Russian government

Great Wall Motors (GWM) became the first Chinese automaker that signs a special investment contract (SPIC) with the government of Russian Federation.

Aug. 5 , 2019
Honda announces record-breaking figure in July deliveries for China
Honda announces record-breaking figure in July deliveries for China

Japanese automaker Honda said the number of deliveries in China rose 9.4% year on year in July to 115,950 units, the best-ever figure in terms of July sales for the world’s largest auto market.

Aug. 5 , 2019
Leapmotor to raise RMB360 million from Series A-2 fundraising
Leapmotor to raise RMB360 million from Series A-2 fundraising

Leapmotor is about to raise RMB360 million worth of capital from the Series A-2 round financing which is solely invested by Jinhua Zhongche Fund, Dahua Technology, one of major shareholders of Leapmotor, announced on July 29.

Aug. 5 , 2019
254PS engine-powered Lynk & Co 03+ comes to market
254PS engine-powered Lynk & Co 03+ comes to market

Lynk & Co, a car brand spawned from the relationship between China's Geely and Sweden's Volvo, announced on August 2 that its first performance model, the Lynk & Co 03+, hit the market with three trim levels priced between RMB185,800 and RMB228,800.

Aug. 2 , 2019
GAC Group announces sweeping personnel changes to improve self-owned brand
GAC Group announces sweeping personnel changes to improve self-owned brand

GAC Group announced on July 31 a series of personnel changes in a bid to strengthen the group’s internal integration of research, production and market, improve the communication efficiency and enhance the cooperative work among all business sectors.

Aug. 1 , 2019
Jaguar Land Rover says China sales in July surge 40% over prior-year
Jaguar Land Rover says China sales in July surge 40% over prior-year

Jaguar Land Rover said on July 31 its China sales in July 2019 surged 40% compared with the same period a year ago, laying a sound foundation for the company to strengthen business reform during the second half of the year.

Aug. 1 , 2019