Market & Industry
China to ease control on foreign automakers’ ownership and to cut vehicle import tariff
China to ease control on foreign automakers’ ownership and to cut vehicle import tariff

Our country will start a pilot program before the end of June, 2018 to loosen the restrictions on foreign firms’ investment ratio in special use and new energy vehicles businesses established in our free trade zones.

Nov. 10 , 2017
Zotye YTD sales achieves only 54 percent of annual target
Zotye YTD sales achieves only 54 percent of annual target

Zotye Automobile sold 217,012 vehicles in the past ten months, down 16.46 percent compared with the same period of last year. By the end of October, the automaker only achieved 54.25 percent of its annual sales target, which is 400,000 units.

Nov. 10 , 2017
China first NEV transmission test rack finishes in Chongqing
China first NEV transmission test rack finishes in Chongqing

Chongqing Scientific Research Institute releases bulletin today that its automobile and motorcycle center team has developed the first domestic NEV transmission high-speed test rack with maximum revolution speed.

Nov. 9 , 2017
Zotye, Ford set up RMB 5 billion joint venture in China
Zotye, Ford set up RMB 5 billion joint venture in China

Today, Zotye signed a definitive agreement with Ford to set up a 50:50 joint venture in China.

Nov. 8 , 2017
WEY’S Two electric SUV models to debut on November 17th
WEY’S Two electric SUV models to debut on November 17th

WEY pure electric coupe SUV XEV and middle-size PHEV SUV P8 with a cruise mileage of 660KM will make domestic debut on Guangzhou Auto Show on November 17th.

Nov. 8 , 2017
Geely Auto market value increases HKD 12.6b stimulated by October sales performance
Geely Auto market value increases HKD 12.6b stimulated by October sales performance

Stimulated by the excellent performance, stock price for Geely Auto jumps 5.66% to HKD 26.15, only HKD 1.6 lower than the historical high. The stock market value also increases HKD 12.6b to HKD 234.5b till the market closing time.

Nov. 8 , 2017