Market & Industry
Summary: 2018 sales in China for mainstream luxury carmakers
Summary: 2018 sales in China for mainstream luxury carmakers

According to the resultant sales performance announced by premium car makers and the China Passenger Car Association (CPCA), Audi finally transcended Mercedes-Benz, taking the championship in terms of single brand’s 2018 sales in China.

Jan. 30 , 2019
Changan Automobile may see net profits plunge around 90% year on year
Changan Automobile may see net profits plunge around 90% year on year

Changan Automobile may see its net profits attributable to shareholders of listed company in 2018 reached RMB500 million to RMB750 million, the automaker announced on January 30.

Jan. 30 , 2019
NEVS forms joint venture with Sweden-based supercar maker KAAB
NEVS forms joint venture with Sweden-based supercar maker KAAB

Evergrande Health announced that on January 29, its subsidiary NEVS entered into a joint venture agreement with Koenigsegg Automotive AB (KAAB), a supercar company based in Sweden.

Jan. 30 , 2019
Nissan’s 2019 sales target in China remains at 1.6 million unit
Nissan’s 2019 sales target in China remains at 1.6 million unit

Nissan Motor said its 2019 sales target in China remains at 1.6 million units, the same as the 2018 goal, said Makoto Uchida, senior vice president of Nissan and president of Dongfeng Motor Company Limited.

Jan. 28 , 2019
Great Wall Motor earns RMB5.395 billion in 2018 net profits, targeting 1.2 million-units sales volume for 2019
Great Wall Motor earns RMB5.395 billion in 2018 net profits, targeting 1.2 million-units sales volume for 2019

Great Wall Motor (GWM) said its annual revenues in 2018 edged down 1.68% from a year ago to RMB99.469 billion, while the full-year net profits grew 6.97% year on year to RMB5.395 billion.

Jan. 28 , 2019
BAIC Group ambitious to sell 2.45 million vehicles in 2019
BAIC Group ambitious to sell 2.45 million vehicles in 2019

BAIC Group sold 2.402 million vehicles throughout 2018, the automaker announced in recent days. Besides, it earned RMB480.74 billion in annual revenues with a year-on-year growth of 2.2% and RMB30.13 billion in full-year net profits.

Jan. 25 , 2019