Market & Industry
Two model projects of GAC FCA approved by GAC Group
Two model projects of GAC FCA approved by GAC Group

GAC Group announced that its board of directors agreed to implement two model projects of GAC FCA, a joint venture of GAC and Fiat Chrysler, as well as a model project of GAC Motor.

Jul. 19 , 2018
Great Wall Motor predicts to gain 52% net profit surge to RMB 3.7 billion in H1
Great Wall Motor predicts to gain 52% net profit surge to RMB 3.7 billion in H1

Great Wall Motor (GWM) is expected to gain revenue of RMB 48.678 billion in the first half of 2018, jumping 17.99% from a year ago. Its net profit will reach RMB 3.7 billion, soaring 52.35% over the previous year.

Jul. 18 , 2018
GAC invests $ 4.4 million in new R&D facility in Detroit, sees stock price rise with fluctuation today
GAC invests $ 4.4 million in new R&D facility in Detroit, sees stock price rise with fluctuation today

Chinese automaker GAC Group is building a new research and development (R&D) facility in Farmington Hills, Michigan of the U.S., according to local media in the U.S. The company saw its stock price rise with fluctuation today.

Jul. 18 , 2018
Didi procures $500 million investment from global travel firm Booking Holdings
Didi procures $500 million investment from global travel firm Booking Holdings

Chinese ride-hailing giant Didi Chuxing and Booking Holdings, the global leader in travel e-commerce, announced on July 17 that two companies have formed a strategic partnership to build up across-the-board mobility service ecosystem.

Jul. 17 , 2018
Geely Auto BMA platform first SUV model to be named Xingyue
Geely Auto BMA platform first SUV model to be named Xingyue

Chinese automaker Geely Auto has been independently developing an all-new automobile platform dubbed BMA (B-segment modular architecture) after the company and Volvo Cars jointly develop the CMA (compact modular architecture) platform.

Jul. 17 , 2018
Zotye to invest RMB 1.5 billion in constructing ICV electronic components production base
Zotye to invest RMB 1.5 billion in constructing ICV electronic components production base

Zotye Auto will invest RMB 1.5 billion to construct an electronic components production base for the intelligent connected vehicle (ICV) with an annual production capacity of one million units in She County, Huangshan, Anhui province China.

Jul. 17 , 2018