Market & Industry
Dongfeng Honda unveils new brand strategy, to launch first BEV model in 2019
Dongfeng Honda unveils new brand strategy, to launch first BEV model in 2019

Dongfeng Honda unveiled its new brand strategy dubbed “better technology, more fashionable design, more amenities” on July 22 and announced that the mass-produced vehicle model of the INSPIRE under the new strategy will hit the market in October.

Jul. 23 , 2018
Top 10 luxury car brands by June sales in China
Top 10 luxury car brands by June sales in China

Gasgoo compiled the top 10 luxury car brands by June sales in China hereinafter. With respect to the sales for the first half of 2018, apart from Porsche and Infiniti, the other brands all attained growth over the performance of the year-ago period.

Jul. 23 , 2018
FAW Car forecasts profit slump between 63% and 78% year on year in H1
FAW Car forecasts profit slump between 63% and 78% year on year in H1

FAW Car Co., Ltd. forecasted that it will post net profit between RMB 60 million and RMB 100 million, slumping between 63% and 78% year on year, compared with RMB 270 million during the same period last year.

Jul. 23 , 2018
Leapmotor, Mydadao join forces to develop tailored smart shared car
Leapmotor, Mydadao join forces to develop tailored smart shared car

Leapmotor and car-sharing operator Mydadao reached a strategic cooperation agreement on July 18 to jointly explore and develop bespoke intelligent shared cars and have in-depth talks on vehicle trusteeship and supporting monetary instrument.

Jul. 19 , 2018
Geely Automobile Holdings acquires three auto companies with RMB 3.173 billion in total
Geely Automobile Holdings acquires three auto companies with RMB 3.173 billion in total

Zhejiang Jirun, an indirect 99%-owned subsidiary of Geely Automobile Holdings, entered into the DJD Acquistion Agreement with Hangzhou Components, pursuant to which Zhejiang Jirun agreed to acquire the entire equity of Hangzhou Geely Automobile.

Jul. 19 , 2018
Two model projects of GAC FCA approved by GAC Group
Two model projects of GAC FCA approved by GAC Group

GAC Group announced that its board of directors agreed to implement two model projects of GAC FCA, a joint venture of GAC and Fiat Chrysler, as well as a model project of GAC Motor.

Jul. 19 , 2018