Market & Industry
Zotye fails to complete 80% sales target in 2017
Zotye fails to complete 80% sales target in 2017

Zotye Auto released its 2017 sales on Jan.12, showing that the 2017 sales exceeded 300,000 units with a year-on-year drop of 4.8%, far beyond the average YoY sales increase of 1.4% in Chinese passenger vehicle market.

Jan. 12 , 2018
FAW-VW to produce 9 new models in 2018
FAW-VW to produce 9 new models in 2018

January 11, 2018, Liu Yigong, chairman and general-manager of FAW-Volkswagen (FAW-VW) stated that there are 9 new models will be put into production in 2018. The automaker will focus on SUV area and challenge the annual sales target of 2.1 million.

Jan. 12 , 2018
Singulato has 50 intelligent vehicles on production test
Singulato has 50 intelligent vehicles on production test

Recently, Shen Haiyin, founder of Singulato Motors (a Chinese electric vehicle starup, hereinafter, Singulato), revealed its vehicle-making process, capital cooperation and R&D strategy in an interview.

Jan. 12 , 2018
China auto sales rise to 28.879 million in 2017
China auto sales rise to 28.879 million in 2017

China vehicle sales in 2017 rose to 28.879 million vehicles in 2017, an increase of 3 percent from a year earlier, which is lower than the expectation.

Jan. 11 , 2018
Changan posts output and sales of over 2.8 million units in 2017
Changan posts output and sales of over 2.8 million units in 2017

During 2017, Changan Automobile posted output and sales of more than 2,870,000 vehicles. In December, it sold 280,000 units with a year-on-year surge of 17.9%。

Jan. 11 , 2018
Didi sets up Hangzhou division for sharing electric cars
Didi sets up Hangzhou division for sharing electric cars

Didi Chuxing (Didi), the Chinese ride-sharing giant has set up a new division in Hangzhou, Zhejiang Province to primarily develop services of electric vehicle-sharing and electric bike-sharing.

Jan. 11 , 2018