Market & Industry
GAC Group appoints senior executives for GAC NIO new energy JV
GAC Group appoints senior executives for GAC NIO new energy JV

According to local media, GAC Group has appointed Wang Jingqiu and Gu Huinan as members of board for GAC NIO New Energy Automotive Co., (GAC NIO New Energy), a planned JV between GAC Group and NIO.

Apr. 9 , 2018
Great Wall Motor March sales reach 88,247 units, Haval H6 still faces YoY decline
Great Wall Motor March sales reach 88,247 units, Haval H6 still faces YoY decline

Great Wall Motor delivered a total of 88,247 vehicles in March, growing 3.3% year on year.For the first three months of this year, the automaker achieved cumulative sales of 256,623 units, edging up 0.97% over the previous year.

Apr. 9 , 2018
GAC Group sells 508,432 units with YoY growth of 11.21% in Q1
GAC Group sells 508,432 units with YoY growth of 11.21% in Q1

GAC Group produced 191,873 vehicles and delivered 183,377 vehicles in March, up 2.1% and 4.91% respectively from a year earlier, according to the output and sales data released by GAC Group.

Apr. 8 , 2018
Dongfeng Honda CR-V March sales nosedives 93.6% YoY threatened by engine issue
Dongfeng Honda CR-V March sales nosedives 93.6% YoY threatened by engine issue

GAC Honda and Dongfeng Honda posted a total delivery of 97,587 vehicles in March, dropping 13% year on year. Dongfeng Honda suffered a year-on-year delivery decrease of 28.9% to 38,637 units, mainly affected by the declining sales of CR-V.

Apr. 4 , 2018
FAW Car sees YoY net profit rise of 146.49% in 2017
FAW Car sees YoY net profit rise of 146.49% in 2017

FAW Car Co. Ltd. (FAW Car) turned loss into profits with whole sales and profits seeing large growth in 2017, according to FAW Car’s annual financial report.

Apr. 4 , 2018
Geely chairman Li Shufu may not attend Daimler shareholders meeting
Geely chairman Li Shufu may not attend Daimler shareholders meeting

Li Shufu, Chairman of Zhejiang Geely Holding Group (Geely), may not attend the annual shareholders' meeting of Daimler AG that will kick off on April 5, insiders revealed to media.

Apr. 4 , 2018