Market & Industry
Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July
Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July

Great Wall Motor (GWM) delivered 54,334 vehicles in July, sliding 21.33% over the previous year. During the past seven months, GWM’s cumulative sales reached 525,849 units, edging down 0.75% from a year ago.

Aug. 8 , 2018
FAW Group, BOE build partnership to develop vehicle display technology
FAW Group, BOE build partnership to develop vehicle display technology

Chinese state-owned automaker FAW Group and Boe Technology Group Co., Ltd (BOE) agreed a strategic partnership in recent days to jointly work on in-vehicle display technologies, according to local media.

Aug. 8 , 2018
Chinese EV startup NIO to file prospectus in September for U.S. IPO: sources
Chinese EV startup NIO to file prospectus in September for U.S. IPO: sources

Chinese EV startup NIO will file the Form S-1 in September as part of the preparation for its IPO in the U.S. stock market, according to people with knowledge of the matter.

Aug. 8 , 2018
Top 4 Japanese automakers by July sales in China
Top 4 Japanese automakers by July sales in China

Gasgoo summarized the top 4 Japanese automakers by the sales volume they created in China last month. In July, Toyota transcended Nissan and took the championship by China sales.

Aug. 7 , 2018
Didi to invest $ 1 billion in rebranded auto services business
Didi to invest $ 1 billion in rebranded auto services business

Chinese ride-hailing giant Didi Chuxing announced on August 6 that it will invest $ 1 billion in its auto services business as part of a broader rebranding of the unit, aiming to provide car-owners with one-stop automobile services.

Aug. 7 , 2018
Geely Auto boasts 32% YoY sales jump in July, finishing 56% of 2018 sales target
Geely Auto boasts 32% YoY sales jump in July, finishing 56% of 2018 sales target

Geely Auto sales (including the Lynk & Co) reached 120,277 units in July, jumping 32% year on year, while edging down 6.4% month on month. By the end of July, the automaker delivered a total of 886,907 vehicles so far this year.

Aug. 6 , 2018