Market & Industry
Geely to accomplish 2 million vehicle sales target ahead of schedule
Geely to accomplish 2 million vehicle sales target ahead of schedule

According to local media, Geely Auto may accomplish the annual sales target of 2 million vehicles one year in advance to 2019, Gui Shengyue, Geely Auto’s CEO, said to Hong Kong stocks investors.

Apr. 19 , 2018
GAC Group to launch corporate culture strategy at Auto China 2018
GAC Group to launch corporate culture strategy at Auto China 2018

According to local media, GAC Group will showcase the Trumpchi GM6 and the new energy concept model Enverge at Auto China 2018 in Beijing kicking off on April 25. Meanwhile, the group will launch its corporate culture and strategy at the show.

Apr. 19 , 2018
Dongfeng Motor fined RMB 6 million for illegal construction of 15,000 square meters
Dongfeng Motor fined RMB 6 million for illegal construction of 15,000 square meters

Dongfeng Motor Company Limited (Dongfeng Motor) will pay a RMB 6,044,584.33 fine for illegal construction of 15,177.28 square meters in Guangzhou, Guangdong Province.

Apr. 19 , 2018
Sharp contrast, senior executives from private automakers earn more than state-owned companies in 2017
Sharp contrast, senior executives from private automakers earn more than state-owned companies in 2017

According to Tonghuashun iFinD, the top 3 listed automakers in China by executives’ combined annual salaries of 2017 were BYD (RMB 66.12 million), Great Wall Motor (RMB 23.6441 million) and Foton Auto (RMB 22.2 million).

Apr. 18 , 2018
Beijing Hyundai sets annual sales target of 900,000 units in 2018
Beijing Hyundai sets annual sales target of 900,000 units in 2018

Beijing Hyundai recently released its 2018 sales target of 900,000 units, up 10% compared with last year.

Apr. 18 , 2018
Guangzhou issues 2025 strategy for auto industry to raise NEV production capacity
Guangzhou issues 2025 strategy for auto industry to raise NEV production capacity

On April 17, Guangzhou government officially issued the 2025 Strategy for Guangzhou auto industry that aims to increase the annual new energy vehicle (NEV) production capacity to 1 million units in 2025.

Apr. 18 , 2018