Market & Industry
Lincoln to release one China-made model annually for 3 straight years
Lincoln to release one China-made model annually for 3 straight years

Ford-owned premium car brand Lincoln will annually launch a new domestically-produced model in China for three consecutive years staring from 2019, said Mao Jingbo, president of Lincoln Asia Pacific and China when she was interviewed by local media.

Nov. 19 , 2018
Volkswagen Group new China strategy focuses on EV offensive, smart mobility service
Volkswagen Group new China strategy focuses on EV offensive, smart mobility service

Volkswagen Group will roll out more than 30 new NEV models over the next two years with 50% local production and work on providing consumers with smart mobility services in China.

Nov. 16 , 2018
Chinese automakers Oct. sales performance summary
Chinese automakers Oct. sales performance summary

Gasgoo hereby rounded up the sales data released by corresponding Chinese automakers as below. Dongfeng Motor Group, Changan Automobile and JAC Motors all came across double-digit YoY decline in Oct. sales.

Nov. 15 , 2018
Great Wall Motor to issue ultra-short-term financing bonds of RMB5 bln to optimize debt structure
Great Wall Motor to issue ultra-short-term financing bonds of RMB5 bln to optimize debt structure

Great Wall Motor announced on November 13 that it plans to issue no more than RMB5 billion worth of ultra-short-term financing bonds to optimize its debt structure and the funds raised will be used to supplement working capital.

Nov. 14 , 2018
GAC NE unveils new NEV strategy, to launch second-generation BEV platform
GAC NE unveils new NEV strategy, to launch second-generation BEV platform

GAC NE plans to launch the second-generation GAC Electric Platform that boasts lower power consumption and stronger performance, according to the report from the automaker’s new NEV strategy launching ceremony on November 13.

Nov. 14 , 2018
China auto dealers under high inventory pressure amid overall sales decline
China auto dealers under high inventory pressure amid overall sales decline

A number of automakers also suffered YoY decline or saw slower growth in Oct. sales, which inevitably perplexed dealers who are striving to sell as much as vehicles in the rest time of the year.

Nov. 13 , 2018