Market & Industry
Changan Auto wholly controls Changan Suzuki with cost of RMB1
Changan Auto wholly controls Changan Suzuki with cost of RMB1

Changan Automobile announced on September 4 that it will acquire 50% stake in Changan Suzuki, which was previously owned by Suzuki Motor and Suzuki (China) Investment Co.,Ltd, with RMB 1.

Sep. 4 , 2018
JD.com likely to tap into ride-hailing service market
JD.com likely to tap into ride-hailing service market

Chinese e-commerce giant JD.com has reportedly tapped into the ride-hailing business, according to local media.

Sep. 4 , 2018
GAC Group posts YoY growth of 10.07% in August sales
GAC Group posts YoY growth of 10.07% in August sales

Guangzhou Automobile Group (GAC) delivered a total of 173,540 vehicles in August, a year-on-year increase of 10.07%. For the first eight months, the group's YTD sales reached 1,360,071 units, climbing 6.3% over the previous year.

Sep. 4 , 2018
GWM appoints new vice president, sales manager of WEY brand
GWM appoints new vice president, sales manager of WEY brand

It is reported that Liu Yan, a veteran in auto industry with almost 20-year experience, was appointed vice president and general manager of sales for WEY brand on Sept. 3.

Sep. 3 , 2018
BMW to engage in China smart city building
BMW to engage in China smart city building

BMW Group intends to deploy in Chinese mobility market with the so-called “2 plus 4” strategy, said Jochen Goller, President and CEO of BMW Group Region China, at the 2018 International Forum (TEDA) on Chinese Automotive Industry Development.

Sep. 3 , 2018
ORA iQ hits market, priced from RMB 89,800
ORA iQ hits market, priced from RMB 89,800

The ORA iQ, the first model under Great Wall Motor’s newly-launched NEV brand ORA, officially hit the market at the Chengdu Motor Show 2018. The price is ranging from RMB 89,800 to RMB 105,800 after deducted NEV subsidy.

Aug. 31 , 2018