Market & Industry
Leapmotor to complete Series A round in middle of 2018
Leapmotor to complete Series A round in middle of 2018

Leapmotor, a Hangzhou-based Chinese electric vehicle (EV) startup, plans to start IPO (initial public offerings) in the future, Zhu Jiangming, the startup’s chairman revealed in an interview.

Apr. 9 , 2018
GAC Group appoints senior executives for GAC NIO new energy JV
GAC Group appoints senior executives for GAC NIO new energy JV

According to local media, GAC Group has appointed Wang Jingqiu and Gu Huinan as members of board for GAC NIO New Energy Automotive Co., (GAC NIO New Energy), a planned JV between GAC Group and NIO.

Apr. 9 , 2018
Great Wall Motor March sales reach 88,247 units, Haval H6 still faces YoY decline
Great Wall Motor March sales reach 88,247 units, Haval H6 still faces YoY decline

Great Wall Motor delivered a total of 88,247 vehicles in March, growing 3.3% year on year.For the first three months of this year, the automaker achieved cumulative sales of 256,623 units, edging up 0.97% over the previous year.

Apr. 9 , 2018
SAIC Motor sees 7.4% YoY sales growth in March
SAIC Motor sees 7.4% YoY sales growth in March

SAIC Motor reported that the group delivered a total of 649,511 vehicles in March, up 7.4% year on year. Besides, the automaker’s cumulative sales in the first three months grew 10% from a year earlier to 1,822,420 vehicles.

Apr. 8 , 2018
Dongfeng Honda CR-V March sales nosedives 93.6% YoY threatened by engine issue
Dongfeng Honda CR-V March sales nosedives 93.6% YoY threatened by engine issue

GAC Honda and Dongfeng Honda posted a total delivery of 97,587 vehicles in March, dropping 13% year on year. Dongfeng Honda suffered a year-on-year delivery decrease of 28.9% to 38,637 units, mainly affected by the declining sales of CR-V.

Apr. 4 , 2018
FAW Car sees YoY net profit rise of 146.49% in 2017
FAW Car sees YoY net profit rise of 146.49% in 2017

FAW Car Co. Ltd. (FAW Car) turned loss into profits with whole sales and profits seeing large growth in 2017, according to FAW Car’s annual financial report.

Apr. 4 , 2018