Market & Industry
SAIC Motor Q1 net profit shrinks 15% following sales decline
SAIC Motor Q1 net profit shrinks 15% following sales decline

China’s biggest auto group SAIC Motor saw its net profit attributable to shareholders of the list company in the first quarter slide 15% year on year to RMB8.251 billion, according to its Q1 report released on April 29.

May 2 , 2019
Great Wall Motor sees Q1 net profit plunge 62.84%
Great Wall Motor sees Q1 net profit plunge 62.84%

Great Wall Motor’s total revenue in the first quarter shrank 14.85% over the previous year to RMB22.627 billion, the automaker announced on April 30.

May 2 , 2019
Daphne Zheng leaves as GAC FCA Sales Company’s President, succeeded by Max Trantini
Daphne Zheng leaves as GAC FCA Sales Company’s President, succeeded by Max Trantini

Daphne Zheng, president of the Guangzhou Automotive Group Fiat Chrysler Automotive (GAC FCA) Sales Co.,Ltd and FCA’s Chief Operating Officer for China, will be leaving this group with her whereabouts remaining unknown for now.

Apr. 29 , 2019
Geely brand’s first CMA-based model Xingyue to hit the market on May 10
Geely brand’s first CMA-based model Xingyue to hit the market on May 10

Chinese automaker Geely officially launched the CMA (Compact Modular Architecture) platform on April 27. The Geely Xingyue, the first CMA-based model under Geely brand, will officially go on sale on May 10.

Apr. 28 , 2019
Shanghai to implement China’s Stage 6 Emission Standard from July 1
Shanghai to implement China’s Stage 6 Emission Standard from July 1

China’s Stage 6 Emission Standard applying to light-duty vehicles will officially come into effect in Shanghai from July 1, 2019, according to an announcement recently released by Shanghai municipal government.

Apr. 28 , 2019
BYD to set up new energy PV base in Changzhou with expected annual capacity of 400,000 units
BYD to set up new energy PV base in Changzhou with expected annual capacity of 400,000 units

BYD inked a strategic cooperation agreement with Changzhou municipal government on April 25 to build a new energy passenger vehicle (PV) and core auto parts industrial park in Changzhou, Jiangsu Province.

Apr. 28 , 2019