Market & Industry
NDRC to release auto industry antimonopoly guideline
NDRC to release auto industry antimonopoly guideline

Auto Industry Antimonopoly Guideline has been completed and would come out soon.

Nov. 15 , 2017
Huawei cooperates with PSA in connected vehicle technology
Huawei cooperates with PSA in connected vehicle technology

According to PSA website, the automaker will cooperate with Huawei to develop a global IoT platform named the Connected Vehicle Modular Platform (CVMP).

Nov. 15 , 2017
Wuling’s first  SUV released with price of RMB 50,000
Wuling’s first SUV released with price of RMB 50,000

Wuling’s first SUV, the Hong Guang S3 hit the market recently. Powered by 1.5L and 1.5T engine, the new model offers five variants with price range between RMB 56,800 and RMB 81,800.

Nov. 14 , 2017
Financial Results in First Three Quarters of Chinese Automakers
Financial Results in First Three Quarters of Chinese Automakers

Affected by the slower growth in domestic passenger vehicles’ output and sales, several Chinese automakers’ financial results in the first three quarters showed different degrees of decrease.

Nov. 14 , 2017
Geely’s first flying car will cost RMB 3 million
Geely’s first flying car will cost RMB 3 million

Geely announced that it has completed the acquisition of American flying-car startup Terrafugia. According to the statement, Geely will acquire Terrafugia’s all businesses and assets and the deal has been approved by relevant regulatory authorities.

Nov. 14 , 2017
Zotye to launch new SUV Damy X5S
Zotye to launch new SUV Damy X5S

A group of shots of a new Zotye SUV model are released with similar to Damy X5 with inner “X5S” mark, which may be named as Damy X5S.

Nov. 13 , 2017