Market & Industry
Great Wall Motors forecasts RMB1.53 bln in semi-annual net profit, reduces 2019 sales goal to 1.07 mln units
Great Wall Motors forecasts RMB1.53 bln in semi-annual net profit, reduces 2019 sales goal to 1.07 mln units

Great Wall Motors expected a semi-annual operating income of RMB41.38 billion for the year of 2019, the automaker announced on July 19.

Jul. 19 , 2019
Chery’s EXEED to widen target user range by teaming up with Xiaomi
Chery’s EXEED to widen target user range by teaming up with Xiaomi

EXEED recently struck a deal with Xiaomi to carry out cooperation on content marketing and user promotion, and explore new marketing business model by fully integrating online and offline resources, according to a press release from the automaker.

Jul. 19 , 2019
Chinese-spec Cadillac XT6 hits the market, priced from RMB419,700 to RMB549,700
Chinese-spec Cadillac XT6 hits the market, priced from RMB419,700 to RMB549,700

At the Auto Shanghai 2019 in April, SAIC-GM offered the first glimpse of the locally-produced XT6, which officially hit China’s market on July 18 with prices of its 5 variants ranging between RMB419,700 and RMB549,700.

Jul. 19 , 2019
H1 2019 sales summary for mainstream premium car brands' China market
H1 2019 sales summary for mainstream premium car brands' China market

The China Passenger Car Association (CPCA)'s data showed that retail sales of China's locally-produced premium car brands totaled 193,848 units in June with a year-on-year jump of 24.9%.

Jul. 17 , 2019
Groupe Renault and JMCG officially establish a joint venture for electric vehicles in China
Groupe Renault and JMCG officially establish a joint venture for electric vehicles in China

Groupe Renault will increase its share capital by RMB 1 billion to become a major shareholder of JMEV with a 50% stake.

Jul. 17 , 2019
China’s CATL ties up with Toyota on NEV battery supply, new battery tech development
China’s CATL ties up with Toyota on NEV battery supply, new battery tech development

Chinese EV battery giant CATL has recently forged partnership with Japanese auto group Toyota to ensure a stable supply of NEV power batteries for the latter, CATL announced on July 17.

Jul. 17 , 2019