Market & Industry
WM Motor names Rupert Mitchell as new chief strategy officer
WM Motor names Rupert Mitchell as new chief strategy officer

On November 5, Chinese EV startup WM Motor Technology Co., Ltd (WM Motor) appointed Rupert Mitchell, former senior executive of Goldman Sachs and Citigroup, as new chief strategy officer (CSO).

Nov. 7 , 2018
Chery Holding boasts YoY sales growth for 8 consecutive months
Chery Holding boasts YoY sales growth for 8 consecutive months

Chery Holding saw its sales in October grew 13.5% from the previous year to 63,703 units, achieving evident year-on-year (YoY) increase for 8 consecutive months, according to the sales report released by the automaker.

Nov. 7 , 2018
Geely Auto sees sales surge 33% YoY for first 10 months
Geely Auto sees sales surge 33% YoY for first 10 months

Geely Auto announced that its sales (including the Lynk & Co brand) in October edged up 3% from a year ago to 128,986 units, among which 8,101 units were NEVs and electrified vehicles.

Nov. 6 , 2018
FAW-VW, Volkswagen sign MoU for transaction of CKD, vehicles
FAW-VW, Volkswagen sign MoU for transaction of CKD, vehicles

FAW-Volkswagen (FAW-VW) and Volkswagen Group signed an Memorandum of Cooperation at the China International Import Expo on November 6, saying that FAW VW will purchase CKDs (complete knock down kit) and import Audi-branded vehicles from Volkswagen.

Nov. 6 , 2018
Nissan China sales down by 5.5% year on year in October
Nissan China sales down by 5.5% year on year in October

Nissan saw its China sales fell 5.5% year on year (YoY) to 142,078 units (including PVs, light CVs and imported vehicles) in October, according the sales data release by Nissan Group of China.

Nov. 6 , 2018
Haval F7 hits market with prices ranging from RMB109,000 to 149,000
Haval F7 hits market with prices ranging from RMB109,000 to 149,000

The Haval F7 compact SUV will officially go on sale on November 6 and is expected to be produced in Russia and then exported to Europe, South America and the Middle East.

Nov. 6 , 2018