Recently, a report said that Volkswagen Group is going to raise its equity in China-based JV, including SAIC Volkswagen (SAIC VW). On March 18, SAIC Motor, SAIC VW’s Chinese parent company, officially issued an announcement to deny the news.
Mar. 18 , 2019
China’s announcement on March 14 that the VAT rate for manufacturing industry will be cut to 13% from 16% effective on April 4 has triggered a positive response from premium carmakers, including Mercedes-Benz, BMW, Jaguar Land Rover and Volvo.
Mar. 18 , 2019
It seems that quite a few China-based automakers were hit with year-on-year (YoY) decrease last month and most of them partly attributed the sliding performance to the Spring Festival which came earlier than former years.
Mar. 15 , 2019
Changan Ford plans to roll out more than 50 new models in China by the end of 2025, including 8 all-new SUV models and at least 15 Ford- and Lincoln-branded EV models, the joint venture revealed on March 12 at a dealer conference.
Mar. 14 , 2019
Autonomous driving expert Dr. Wu Xinzhou has officially joined China-based EV startup XPENG Motors as vice president of autonomous driving R&D, the startup announced on March 14.
Mar. 14 , 2019
By the end of February, GAC Group has sold a total of 311,974 vehicles in 2019, posting a year-on-year decline of 4.02%. Of that, its sales in February reached 102,265 units, which was 11% less than that of a year ago.
Mar. 13 , 2019