Zotye Auto expected its net profit attributable to shareholders in 2019 plunged 850%-1225% year on year with a loss of around RMB6-9 billion ($870-1,306 million),according to the announcement released on January 20.
Jan. 21 , 2020
Lynk & Co's all-new coupe SUV, the Lynk & Co 05, will go on sale in March, Yang Xueliang, vice president of Geely Auto Group, said via its social platform.
Jan. 21 , 2020
Both auto outputs and sales in China are likely to stand at roughly 25 million units in 2020, remaining flat or slightly dropping compared to 2019, Miao Wei, the Minister of China’s Ministry of Industry and Information Technology (MIIT).
Jan. 20 , 2020
FAW-Volkswagen (FAW-VW) plans to roll out nearly 30 new models in 2020 gathering joint efforts of three brands—Volkswagen, Audi and Jetta, according to a local media report.
Jan. 19 , 2020
NIO, Tesla’s China wannabe, aims to beef up the cumulative number of its sales and service outlets—NIO House and NIO Space—to around 200 by the end of 2020, Wei Jian, NIO’s Vice President of User Operations, said on January 16.
Jan. 19 , 2020
China has seen its auto sales decline for the second year in a row. Saddled with the general downward pressure, most automakers in China also came across downturn last year.
Jan. 18 , 2020