Market & Industry
China strikes back at Trump with tariffs on $60 billion worth of U.S. goods
China strikes back at Trump with tariffs on $60 billion worth of U.S. goods

China’s Customs Tariff Commission of the State Council announced on September 18 that China will take retaliatory tariff action against $ 60 billion worth of U.S.-made goods.

Sep. 18 , 2018
Geely, AutoNavi step up cooperation on HD map
Geely, AutoNavi step up cooperation on HD map

Chinese location-based services provider AutoNavi and automaker Geely have cemented their partnership in high-definition map (HD map) area, according to Liu Zhenfei, president of AutoNavi.

Sep. 18 , 2018
Sokon's Jinkang New Energy to start Jinguo EV SF5 trial production in Sept.
Sokon's Jinkang New Energy to start Jinguo EV SF5 trial production in Sept.

Chongqing Jinkang New Energy Automobile Co., Ltd (Jinkang New Energy) has completed its intelligent plant situated in Chongqing Liangjiang New Area, which will be put into trial operation this month, according to local media.

Sep. 18 , 2018
Geely Holding approved to buy 51.5% stake in Denmark Saxo Bank
Geely Holding approved to buy 51.5% stake in Denmark Saxo Bank

Denmark's Saxo Bank announced on September 14 that China’s Zhejiang Geely Holding Group and Finland’s Sampo PLC have got all necessary regulatory approval to take control of Saxo Bank.

Sep. 14 , 2018
August sales breakdown by major China automakers
August sales breakdown by major China automakers

Gasgoo compiled the August sales data released by 9 major local automakers as below. Apart from Dongfeng Motor Group, Changan Automobile and Great Wall Motor, the other six automakers on the list all obtained positive YoY growth in August sales.

Sep. 14 , 2018
JAC Motors boasts 4.61% YoY growth in August sales
JAC Motors boasts 4.61% YoY growth in August sales

JAC Motors reported a year-on-year growth of 4.61% in August sales with 36,676 vehicles delivered in August. From January to August, the automaker handed over 326,842 vehicles in total, a year-on-year drop of 4.25%.

Sep. 14 , 2018