Market & Industry
Summary: 10 major luxury car brands July sales in China
Summary: 10 major luxury car brands July sales in China

Gasgoo tabulates the sales data of major luxury vehicle brands in July as below. Apart from Jaguar Land Rover and Acura, the other brands on the list all achieved year-on-year sales growth.

Aug. 31 , 2018
SAIC Motor posts 18.95% YoY growth in H1 net profit
SAIC Motor posts 18.95% YoY growth in H1 net profit

SAIC Motor reported a year-on-year jump of 18.95% in net profit with earning RMB 18.982 billion for the first six months.

Aug. 31 , 2018
GWM achieves 52.73% surge of net profits to RMB 3.696 billion in H1
GWM achieves 52.73% surge of net profits to RMB 3.696 billion in H1

Great Wall Motor (GWM) achieved a 52.73% surge of net profit attributable to shareholders of listed company to RMB 3.696 billion from January to June. Its revenue reached RMB 48.68 with a year-on-year growth of 17.99% during the first half of 2018.

Aug. 31 , 2018
China-made Cadillac XT4 hits market, priced from RMB 259,700
China-made Cadillac XT4 hits market, priced from RMB 259,700

On Aug. 29, the Cadillac XT4 crossover was officially launched in Shanghai, ahead of US-market launching to be due in this autumn. The model offers 7 variants and is available for preorder now with a starting price of RMB 259,700.

Aug. 30 , 2018
GAC Trumpchi spreads roots in Russia
GAC Trumpchi spreads roots in Russia

GAC Trumpchi plans to set up its first overseas sales subsidiary in Russia, which might start operation this year, according to local media.

Aug. 30 , 2018
Geely Binrui hits markets, priced at RMB 79,800 to RMB 110,800
Geely Binrui hits markets, priced at RMB 79,800 to RMB 110,800

Geely Auto will announce the official guide price of its all-new compact sedan called the Binrui tonight. The new model’s presale price released before is ranging from RMB 90,800 to RMB 118,800.

Aug. 30 , 2018