Market & Industry
News from HK media: Geely is expected to obtain Proton’s holding shares
News from HK media: Geely is expected to obtain Proton’s holding shares

HK media reported that Geely Group has surpassed Renault and Peugeot Citroen in the competition for purchasing Proton Auto.

Feb. 15 , 2017
FAW Personnel Adjustment Again; Cooperation with Dongfeng Still Uncertain
FAW Personnel Adjustment Again; Cooperation with Dongfeng Still Uncertain

On 9th February 2017, Xu Jianyi, previous secretary of the party committee of FAW, was sentenced to 11 years and 6 months for bribe-taking.

Feb. 15 , 2017
Volvo and other 7 auto companies face senior management team adjustments at the beginning of year
Volvo and other 7 auto companies face senior management team adjustments at the beginning of year

Since the beginning of 2017, 8 auto companies have adjusted their senior management team in a period of less than 50 days, mainly preparing for higher sales targets.

Feb. 14 , 2017
Approved plant construction revives local production of Lotus Auto
Approved plant construction revives local production of Lotus Auto

Fujian Provincial Department of Environmental Protection released announcement on February 4th that the plant construction for Lotus local production project has been approved and a production base with capacity of 200,000 units would be built in Jin

Feb. 13 , 2017
Top 10 Passenger car sales in Jan, SAIC Volkswagen wins champion, Changan ranks NO.1 among self-owned brands
Top 10 Passenger car sales in Jan, SAIC Volkswagen wins champion, Changan ranks NO.1 among self-owned brands

Among January’s top 10 auto brands in sales volume, SAIC Volkswagen wins champion again, second by FAW Volkswagen and SAIC GM. Dongfeng Nissan keeps ranking 7th, while Beijing Hyundai fell to 9th with a sales number of 80,017 units.

Feb. 10 , 2017
Dongfeng Nissan to Launch 6 New Models
Dongfeng Nissan to Launch 6 New Models

Dongfeng Nissan sales in 2016 is of 1,130,000 vehicles, a year-on-year increase of 10.9%.

Feb. 10 , 2017