Market & Industry
GAC Group records 24.48% year-on-year decrease in first-quarter revenue
GAC Group records 24.48% year-on-year decrease in first-quarter revenue

For the first quarter of 2020, GAC Group clocked a year-on-year plunge of 95.73% in the net profit, and saw its revenue fall 24.48% from a year ago.

Apr. 29 , 2020
Infiniti denies withdrawal from Chinese market
Infiniti denies withdrawal from Chinese market

In fact, the new leader has made some adjustments. Infiniti will not quit the Chinese market.

Apr. 29 , 2020
Chongqing Sokon reports expanded net loss for first quarter
Chongqing Sokon reports expanded net loss for first quarter

Chongqing Sokon Industry Group Stock Co.,Ltd. posted an expanded profit loss in the first quarter of 2020, mainly attributable to the shock wave sent by the coronavirus pandemic.

Apr. 28 , 2020
Xpeng Motors’ second model P7 hits the market with NEDC range of up to 706km
Xpeng Motors’ second model P7 hits the market with NEDC range of up to 706km

Say hello to Xpeng P7, the second offering of Xpeng Motors.

Apr. 27 , 2020
Review of mainstream premium auto brands’ China deliveries in first quarter
Review of mainstream premium auto brands’ China deliveries in first quarter

For the first quarter of 2020, premium brands still outpaced the overall auto market in sales volume, while were also slapped with evident decrease as a result of the coronavirus outbreak.

Apr. 27 , 2020
FAW Group to co-build first Hongqi sports car with U.S.-based company
FAW Group to co-build first Hongqi sports car with U.S.-based company

FAW Group is about to establish a joint venture with Silk EV, a U.S.-based automotive engineering and design company, to build the first Hongqi-branded sports car.

Apr. 26 , 2020