Market & Industry
Ford names Chen Anning as president and CEO of Ford China, creates standalone China business unit
Ford names Chen Anning as president and CEO of Ford China, creates standalone China business unit

Ford Motor Company announced that it has named Chen Anning, former CEO of Chery Automobile, as president and CEO of Ford China, effective November 1. Chen will report to Jim Farley, president of global markets.

Oct. 24 , 2018
Ford dispels rumor about stake increase in China
Ford dispels rumor about stake increase in China

Local media reported that Ford motor has the intent to increase the stake in Changan Ford, its joint venture with Changan Automobile and the American automaker uses new models as bargaining chips. However, both Changan Ford and Ford China denied t

Oct. 23 , 2018
Breakdown of Chinese automakers sales in September
Breakdown of Chinese automakers sales in September

Gasgoo hereby summarized the sales data released by corresponding automakers. Five out of 10 Chinese automakers on the table suffered YoY sales drop in September. SAIC Motor encountered its first YoY decrease in monthly sales so far this year.

Oct. 23 , 2018
Chinese tech company Human Horizons unveils two BEV concepts, to mass produce cars as early as 2020
Chinese tech company Human Horizons unveils two BEV concepts, to mass produce cars as early as 2020

Human Horizons unveiled two BEV (battery electric vehicle) concept models on October 22 at the launching ceremony of its corporate strategy, marking the official release of the technology company’s own car brand.

Oct. 23 , 2018
Beijing forecasts RMB 100 billion market value on ICV industry
Beijing forecasts RMB 100 billion market value on ICV industry

Beijing will be dedicated to building the manufacturing and service system for the ICV industry and relevant industries, whose make value will hit RMB100 billion by 2022, according to a white paper issued by the Beijing authority.

Oct. 22 , 2018
Geely-backed Terrafugia starts receiving orders of Transition flying car
Geely-backed Terrafugia starts receiving orders of Transition flying car

Flying car developer Terrafugia, which is owned by Zhejiang Geely Holding Group, has started taking orders for the Transition, its first flying car model, according to relevant reports.

Oct. 22 , 2018