Market & Industry
GAC Mitsubishi January sales surges 96% year on year
GAC Mitsubishi January sales surges 96% year on year

GAC Mitsubishi Motors Co., Ltd (GMMC) reported that the company delivered a total of 15,682 units in January of 2018, skyrocketing 96% year on year, which set a new monthly sales record in history.

Feb. 1 , 2018
Dongfeng Motor announces personnel change
Dongfeng Motor announces personnel change

According to the source from Dongfeng Motor, Zhang Zutong will serve as standing committee member of the Communist Party and vice general manager of Dongfeng Motor Corporation.

Feb. 1 , 2018
LeSEE said to change Chinese name
LeSEE said to change Chinese name

LeSEE, invested by Jia Yueting himself, is a totally separate company from LeEco and Le.com. After the Chinese name change, LeSEE will further detach its business from LeEco and Le.com.

Feb. 1 , 2018
Jinbei expects net profit to soar 147.98% year on year
Jinbei expects net profit to soar 147.98% year on year

Jinbei Auto released its 2017 financial results on Jan. 31, expecting that it would gain annual net profit of RMB 100 million with a surge of 147.98%, compared to the loss of RMB 208 million in 2016.

Jan. 31 , 2018
JAC to see net profit skidding by 58% in 2017
JAC to see net profit skidding by 58% in 2017

Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) predicted its 2017 net profit attributable to shareholders will plunge around 58% year on year, decreasing 677 million based on its 2016 net profit of RMB 1.162 billion.

Jan. 31 , 2018
Tianjin FAW Xiali estimates loss of RMB 1.6 billion for 2017
Tianjin FAW Xiali estimates loss of RMB 1.6 billion for 2017

Tianjin FAW Xiali estimated a loss of RMB 1.605 billion to RMB 1.685 for the financial achievements in 2017, according to the automaker.

Jan. 31 , 2018