Market & Industry
Changan profit declines 25% in previous three quarters
Changan profit declines 25% in previous three quarters

Changan’s revenue decreased 4.06% year on year to RMB 51.431 billion, and net profits attributable to shareholders of listed companies dropped 24.92% year on year to RMB 5.811 billion.

Oct. 26 , 2017
Changan Ford signs strategic cooperation agreement with a local vehicle renter
Changan Ford signs strategic cooperation agreement with a local vehicle renter

Changan Ford and izuche formally signed a strategic cooperation agreement in Beijing, to establish strategic cooperative relations. Izuche is a vehicle renting platform.

Oct. 26 , 2017
Foton Auto deepens strategic transformation
Foton Auto deepens strategic transformation

As the first domestic commercial vehicle brand, Foton Auto has always been the backbone power of self-independent brands and self-innovative brands in domestic auto market, achieving fast growth since its establishment in 1996.

Oct. 26 , 2017
President of SAE-China: Tesla may not set up wholly owned EV subsidiary
President of SAE-China: Tesla may not set up wholly owned EV subsidiary

The news that Tesla will set up a fully owned EV subsidiary in Shanghai free trade zone turns out to be a rumor according to Fu Yuwu, President of SAE-China, but China is likely to open up the equity stake for JVs.

Oct. 25 , 2017
Presale price of Geely Emgrand PHEV ranges from RMB 130,000 to RMB 150,000
Presale price of Geely Emgrand PHEV ranges from RMB 130,000 to RMB 150,000

The presale price of the Geely Emgrand PHEV was released, ranging from RMB 130,000 to RMB 150,000 with subsidies added.

Oct. 25 , 2017
FAW Toyota names new general manager of sales company
FAW Toyota names new general manager of sales company

Tian Qingjiu, Vice Party Secretary of FAW Toyota will officially replace Jiang Jun as General Manager of FAW Toyota Sales Company.

Oct. 24 , 2017