The continuous year-on-year sales downturn also reflected on the financial performance for automaker in this country. Gasgoo found out that most of them recorded double-digit decrease in Q1 net profit attributable to shareholders.
May 8 , 2019
Mazda faced a substantial year-on-year drop of 31.2% in April retail sales for its Chinese market. Last month, it delivered 16,919 vehicles in this country, the Japanese automaker announced on May 7.
May 8 , 2019
EV startup Byton the startup disclosed that its ongoing Series C financing round is expected to be completed around midyear of 2019.
May 8 , 2019
Proton, a Malaysia’s national carmaker backed by Geely Holding Group, sold 7,011 new vehicles in April, gaining a year-on-year surge of 73.5% and a month-on-month jump of 14.1%, according to a press release from Geely’s official WeChat account.
May 6 , 2019
China’s authority announced on May 5 the first batch of cities/provinces that are allowed to conduct the pilot program of exporting pre-owned cars.
May 6 , 2019
The government of China’s Hainan Province recently announced that consumers who buy new energy vehicles (NEVs) with license (excluding buses and fuel cell vehicles) will no longer enjoy the subsidy offered by local government from June 26 on.
May 6 , 2019