Market & Industry
FAW-VW Audi Q plant to be put into operation in March
FAW-VW Audi Q plant to be put into operation in March

The first phase of FAW-VW’s Changchun-based Audi Q plant is planned to be put into operation in March this year, according to FAW-VW. The new plant specializes in manufacturing all-new Audi Q5 and its derivatives models.

Jan. 30 , 2018
Haima shares plummet as annual sales drop sharply
Haima shares plummet as annual sales drop sharply

Haima Automobile shares posted the sharpest fall in the past two years, plummeting by 9.64 percent at RMB 4.22 and vaporizing RMB 680 million in market value.

Jan. 30 , 2018
Chongqing Sokon expects 2017 net profit to rise 36 to 43% year on year
Chongqing Sokon expects 2017 net profit to rise 36 to 43% year on year

Chongqing Sokon Industry Group Stock Co.,Ltd (Chongqing Sokon) said it expects to achieve 2017 net profit of RMB 700 million to RMB 735 million, rising 36 to 43 percent year on year.

Jan. 30 , 2018
Didi establishes AI Labs for development of smart transportation
Didi establishes AI Labs for development of smart transportation

Didi Chuxing, Chinese ride-hailing giant, has set up Artificial Intelligence Labs (AI Labs) in Beijing to scale up study in forward-looking artificial intelligence technology and push the frontiers of global smart transportation technology.

Jan. 29 , 2018
FAW Car turns losses into profits with net profit over RMB 260 million in 2017
FAW Car turns losses into profits with net profit over RMB 260 million in 2017

FAW Car turned losses into gains in 2017 with expected net profit attributable to shareholders of listed companies ranging between RMB 260 million and RMB 320 million.

Jan. 29 , 2018
Ford China CEO resigns
Ford China CEO resigns

Ford China announced that Jason Luo resigned as chairman and chief executive officer of Ford China. Luo became the leader of Ford China business only about five months ago and its resignation was effective immediately.

Jan. 29 , 2018