Market & Industry
Ford to build new company in China for all PV business
Ford to build new company in China for all PV business

Changan Ford Automobile Co., Ltd (Changan Ford) and Ford Motor (China) Ltd. (Ford China) plans to build a new sales company, according to insiders from Ford Motor.

Jan. 8 , 2018
FAW Car acquires 10% stakes in Mobike Chuxing
FAW Car acquires 10% stakes in Mobike Chuxing

FAW Car Co., Ltd. (hereinafter referred to as FAW) released an announcement that it signed a strategic cooperation agreement with Mobike Technology Co Ltd (hereinafter referred to as Mobike), planning to invest in and acquire 10% stakes in Mobike.

Jan. 8 , 2018
Geely Auto delivers over 1.24M vehicles in 2017, eyes 1.58M in 2018
Geely Auto delivers over 1.24M vehicles in 2017, eyes 1.58M in 2018

Geely Auto announced that it handed over 1,241,104 vehicles in 2017, setting another sales record. At the same time, the Hangzhou-based automaker set its annual sales target at 1.58 million, jumping 27 percent compared with 2017.

Jan. 8 , 2018
Ford China fails lawsuit, changes Mustang brand name
Ford China fails lawsuit, changes Mustang brand name

Recently, intermediate people's court of Chengdu city of Sichuan Province adjudicated in the first trial that Ford Motor (China) Ltd. (Ford China) stops any move infringing Sichuan Yema’s exclusive right to use the

Jan. 5 , 2018
Audi claims championship title in China luxury vehicle market
Audi claims championship title in China luxury vehicle market

FAW-VW Audi announced that it delivered a total of 595,288 vehicles in China and it has become the most popular luxury auto brands in China for 30 times.

Jan. 5 , 2018
Lexus hits new sales record in China’s market, up 22% year on year
Lexus hits new sales record in China’s market, up 22% year on year

It is reported that Lexus sold around 132,900 vehicles into China’s market in 2017, increasing 22% from a year earlier, over 20,000 units more than its 2016 annual sales of 109,200 units in China.

Jan. 5 , 2018