Market & Industry
Lynk & Co 03 to add new version with 2.0T engine
Lynk & Co 03 to add new version with 2.0T engine

Patent images of the Lynk & Co 03 2.0T version leaked out from China’s MIIT in recent days. The 2.0T version will be improved on output power over the 1.5T version, which will more satisfy users who have higher demands on power performance.

Nov. 15 , 2018
Great Wall Motor to issue ultra-short-term financing bonds of RMB5 bln to optimize debt structure
Great Wall Motor to issue ultra-short-term financing bonds of RMB5 bln to optimize debt structure

Great Wall Motor announced on November 13 that it plans to issue no more than RMB5 billion worth of ultra-short-term financing bonds to optimize its debt structure and the funds raised will be used to supplement working capital.

Nov. 14 , 2018
GAC NE unveils new NEV strategy, to launch second-generation BEV platform
GAC NE unveils new NEV strategy, to launch second-generation BEV platform

GAC NE plans to launch the second-generation GAC Electric Platform that boasts lower power consumption and stronger performance, according to the report from the automaker’s new NEV strategy launching ceremony on November 13.

Nov. 14 , 2018
Changan Automobile posts YoY drop for six straight months
Changan Automobile posts YoY drop for six straight months

Changan Automobile said that its Oct. sales plunged 35.2% over a year ago to 170,575 units, the sixth straight month facing year-on-year (YoY) drop. For the first ten months, the automaker delivered 1,818,191 vehicles in total.

Nov. 12 , 2018
China’s YTD vehicle outputs, sales by Oct. post YoY drop for the first time in 2018
China’s YTD vehicle outputs, sales by Oct. post YoY drop for the first time in 2018

China’s vehicle outputs and sales in October reached 2.334 million units and 2.38 million units respectively, edging down 0.9% and 0.6% over the previous month, while evidently dropping 10.1% and 11.7% from a year ago, according to CAAM.

Nov. 9 , 2018
Top 4 Japanese automakers by China sales in October
Top 4 Japanese automakers by China sales in October

Nissan and Mazda faced year-on-year (YoY) downturn in Oct. sales, affected by China’s overall stagnant auto climate. Honda seems to get rid of the negative impact from the haunting CR-V engine issue with its Oct. sales edging up 3.1% YoY.

Nov. 9 , 2018