Market & Industry
BYD offers subsidy to buyers as response to China’s “bring autos to countryside” policy
BYD offers subsidy to buyers as response to China’s “bring autos to countryside” policy

Consumers who buy BYD cars from March 1 to March 31 can enjoy subsidy offered by the automaker with no restriction on household registration. This move is launched to respond to the governmental incentives for China’s rural areas.

Mar. 4 , 2019
Renault Brilliance, JD.com ally on O2O automobile business modes
Renault Brilliance, JD.com ally on O2O automobile business modes

On March 4, Renault Brilliance and Chinese e-commerce giant JD.com officially signed a strategic agreement that allows both parties to conduct in-depth cooperation in such areas as e-commerce, finance, logistics, aftermarket and IoV.

Mar. 4 , 2019
China’s VIA exceeds warning threshold for 14 straight months
China’s VIA exceeds warning threshold for 14 straight months

By the end of February, China’s VIA has been exceeding an official warning threshold for 14 consecutive months, according to the CADA.

Mar. 4 , 2019
CATL reports 7.71% YoY drop in 2018 net profits attributable to shareholders
CATL reports 7.71% YoY drop in 2018 net profits attributable to shareholders

In 2018, CATL gained RMB29.611 billion in gross revenues with a year-on-year leap of 48.08%, while its net profits attributable to shareholders of the listed company declined 7.71% from the previous year to RMB3.579 billion.

Feb. 28 , 2019
Summary: mainstream luxury car brands’ China sales in January
Summary: mainstream luxury car brands’ China sales in January

It seems that most luxury automakers won a favorable outset for 2019 as their China sales all presented positive growth in January.

Feb. 28 , 2019
BYD posts 31.37% YoY decline in 2018 net profits
BYD posts 31.37% YoY decline in 2018 net profits

Chinese automaker BYD announced that its gross revenues in 2018 jumped 22.79% year on year to RMB130.055 billion, the sixth consecutive yearly increase.

Feb. 28 , 2019