Market & Industry
Dongfeng sets annual sales target of 4, 500,000 vehicles in 2018
Dongfeng sets annual sales target of 4, 500,000 vehicles in 2018

On Jan. 23, Dongfeng Motor Corporate announced its annual sales target of 4,500,000 units with an increase of 9.1%, compared with 4,121,000 units in 2017.

Jan. 24 , 2018
China’s auto export up 25.8% year on year in 2017
China’s auto export up 25.8% year on year in 2017

In 2017, China exported around 891 thousand vehicles with a year-on-year growth of 25.8%. This is the first positive return after 4 consecutive years of annual export volume decreases.

Jan. 24 , 2018
FAW ambitious to enter top 5 NEV sales list in China
FAW ambitious to enter top 5 NEV sales list in China

At the 2018 China EV 100 Forum, Dong Haiyang, assistant general-manager of FAW Group Corporation (FAW), made a speech about FAW’s status quo and strategic planning in new energy vehicle (NEV) and intelligent driving area.

Jan. 24 , 2018
GAC’s net profit likely to exceed RMB 10 billion
GAC’s net profit likely to exceed RMB 10 billion

GAC released its financial report for 2017 recently. The expected increment of net profit attributable to the shareholders of listed companies will range from RMB 3.45 billion to RMB 5.34 billion.

Jan. 23 , 2018
Harmony Auto expects over RMB 1 billion net profit in 2017
Harmony Auto expects over RMB 1 billion net profit in 2017

China Harmony New Energy Auto Holding Limited (Harmony Auto) announced that it expects net profit to top RMB 1 billion in 2017, in contrast to a net loss of around RMB 370 million in the previous year.

Jan. 23 , 2018
Chery Auto launches new sub-brand Jetour
Chery Auto launches new sub-brand Jetour

Chery Auto launched a new sub-brand, dubbed Jetour, under Chery Commercial Vehicle in Beijing, not long after the automaker getting rid of the controlling shares of Qoros and Cowin.

Jan. 23 , 2018