Market & Industry
China tire industry aims to boost core strengths under fierce competition
China tire industry aims to boost core strengths under fierce competition

In 2017, China tire industry undergoes great changes just as the whole auto industry does. As the competition becomes fiercer and fiercer, all tire companies are all striving for more opportunities and market shares.

Dec. 27 , 2017
100 4S shops: WEY gives impressive performance in 2017
100 4S shops: WEY gives impressive performance in 2017

In December 23, WEY (a brand of Great Wall Motor) opened 40 4S shops around China. Just in November, 20 4S shops were established in 6 provinces and cities. Currently, the nationwide total of WEY’s 4S shops in China has already exceeded 100.

Dec. 26 , 2017
Corun, Haima to expand Hybrid vehicle market shares together
Corun, Haima to expand Hybrid vehicle market shares together

Corun announced that it signed the agreement of strategic partnership with Haima Automobile Group Co., Ltd (Haima) on December 25 to jointly expand their hybrid vehicle market shares in China.

Dec. 26 , 2017
Great Wall to build base in Chongqing
Great Wall to build base in Chongqing

On December 25, Great Wall Motor Co.,Ltd (Great Wall) signed an agreement with Chongqing municipal government and Yongchuan district government to open a new manufacturing base in Yongchuan District of Chongqing City.

Dec. 26 , 2017
Desay SV listed on Shenzhen Stock Exchange
Desay SV listed on Shenzhen Stock Exchange

On December 5, Desay SV issued its initial public offering (IPO) prospectus to officially start the prospectus procedures. The company plans to offer no more than 100 million RMB common shares (A-share).

Dec. 26 , 2017
Jia Yueting ordered to come back home before December 31
Jia Yueting ordered to come back home before December 31

Jia Yueting, LeEco’s founder, was ordered home before December 31 by Beijing Regulatory Bureau of the China Securities Regulatory Commission on December 26

Dec. 26 , 2017