Market & Industry
FAW Group boasts H1 sales over 1.71 million, Hongqi brand YTD sales nearly reach 10,000 units
FAW Group boasts H1 sales over 1.71 million, Hongqi brand YTD sales nearly reach 10,000 units

FAW group posted a year-on-year sales growth of 7.1% with a total of 1,712,506 vehicles delivered from January to June, the group announced in recent days.

Jul. 16 , 2018
FAW, Dongfeng, Changan co-establish T3 mobility joint venture
FAW, Dongfeng, Changan co-establish T3 mobility joint venture

FAW Group, Dongfeng Motor Corporation and Chongqing Changan Automobile Co., Ltd has officially signed a letter of intent in recent days to jointly establish a T3 mobility service company.

Jul. 13 , 2018
China’s TUS acquires global IoT solution provider Telit’s auto arm for better autonomous driving cause
China’s TUS acquires global IoT solution provider Telit’s auto arm for better autonomous driving cause

TUS International (TUS), a Chinese tier-one provider of autonomous driving solutions announced on July 12 that the company conditionally agreed to acquire the Italy-based IoT solution provider Telit’s automotive unit for $ 105 million.

Jul. 13 , 2018
Geely Auto H1 net profit likely shoot up over 50% year on year
Geely Auto H1 net profit likely shoot up over 50% year on year

Geely Auto’s net profit in the first half of 2018 would surge over 50% compared with the corresponding period in 2017, the automaker announced on July 11.

Jul. 12 , 2018
BMW said to be first to lift equity in China’s JV to 75%
BMW said to be first to lift equity in China’s JV to 75%

German media reported that BMW will lift its equity to 75% in its JV in China, which is a significant milestone in auto industry and will also exert great influence on the Chinese auto market.

Jul. 12 , 2018
China vehicle sales climb 4.79% year on year in June
China vehicle sales climb 4.79% year on year in June

In June, the total vehicle outputs and sales in China reached 2.2896 million units and 2.2737 million units, up by 5.77% and 4.79% year on year, while edging down 2.33% and 0.61% over the previous month, according to the data released by CAAM.

Jul. 11 , 2018