Market & Industry
Chongqing Sokon expects 2017 net profit to rise 36 to 43% year on year
Chongqing Sokon expects 2017 net profit to rise 36 to 43% year on year

Chongqing Sokon Industry Group Stock Co.,Ltd (Chongqing Sokon) said it expects to achieve 2017 net profit of RMB 700 million to RMB 735 million, rising 36 to 43 percent year on year.

Jan. 30 , 2018
Quanergy to build biggest production base in China
Quanergy to build biggest production base in China

Quanergy will produce LiDAR in Sensata’s, its strategic partner, factory in Suzhou and are expected to have an annual production capacity of 10 million sets, which will be expanded into 100 million, subject to market demands.

Jan. 30 , 2018
Zotye said to change badge with V-shaped letter in middle
Zotye said to change badge with V-shaped letter in middle

Though Zotye’s models look too much alike with the luxury models, it gained great success and currently it will reportedly change its Z-shaped badge with a shield-like badge, which has a letter “V” in the middle.

Jan. 29 , 2018
Ford China CEO resigns
Ford China CEO resigns

Ford China announced that Jason Luo resigned as chairman and chief executive officer of Ford China. Luo became the leader of Ford China business only about five months ago and its resignation was effective immediately.

Jan. 29 , 2018
Great Wall 2017 net profit slumps 52.28% year on year
Great Wall 2017 net profit slumps 52.28% year on year

Chinese automaker Great Wall Motor revealed that the company may achieve operating revenues of nearly RMB 101.169 billion, up 2.59% year on year, while the net profit attributable to shareholders slumped 52.28% from a year earlier.

Jan. 29 , 2018
Hongqi to unveil first BEV in October
Hongqi to unveil first BEV in October

Hongqi will introduce the first electric vehicle in 2018 and it will run the fuel cell vehicle in batches in the following year. In 2020, its all-new FME platform will roll out series of electric vehicles, which can have a range of 600km.

Jan. 29 , 2018