Market & Industry
NDRC: China likely to ease or eliminate ownership restrictions on Sino-foreign JVs
NDRC: China likely to ease or eliminate ownership restrictions on Sino-foreign JVs

China is likely to ease or eliminate ownership restrictions on Sino-foreign JVs, promote fair competitions between foreign and Chinese companies, and attract more foreign companies to invest in China more extensively.

Mar. 6 , 2018
GAC Group posts YoY sales increase of 15.1% in first two months of 2018
GAC Group posts YoY sales increase of 15.1% in first two months of 2018

GAC Group reported a year-on-year sales increase of 0.41% for February to 114,904 units. In the first two months of 2018, its sales amounted to 325,055 units, jumping 15.1% compared to a year ago.

Mar. 6 , 2018
SAIC Motor Chairman: Internet tech to boost auto industry
SAIC Motor Chairman: Internet tech to boost auto industry

Chen Hong, Chairman of SAIC Motor and a delegate to the 13th the National People's Congress stated in an interview that the fusion of internet technology and the traditional automotive industry will become a major trend in the future.

Mar. 6 , 2018
Highlights on auto industry of China Government Work Report
Highlights on auto industry of China Government Work Report

On Monday, the 13th National People’s Congress opened its first session in Beijing. For you reference, we sorted out some topics related on the auto industry in the government work report delivered by Premier Li Keqiang.

Mar. 5 , 2018
Lexus China sales grow 9.3% YoY to 9,943 units in February
Lexus China sales grow 9.3% YoY to 9,943 units in February

Lexus, the Japanese automaker Toyota Motor's luxury vehicle brand, delivered 9,943 vehicles in China last month, increasing 9.3% year on year.

Mar. 5 , 2018
Cadillac China February sales surges 49.9% YoY to 18,000 units
Cadillac China February sales surges 49.9% YoY to 18,000 units

In the first two months this year, Cadillac delivered a total of 44,000 vehicles in China, surging 57% year on year. Its February sales jumped 49.9% year on year to 18,000 units, while slumping 30.8% month on month affected by the CNY.

Mar. 5 , 2018