According to the latest data released by Geely, its sales volume reaches 45,850 units in May, increasing 19.7% compared to 38,395 units in May, 2015, the highest monthly growth in 2016. The sales growth is largely promoted by the domestic sales volume, which increases 29.2% from 34,231 units in May, 2015 to 44,220 units, while the exported sales volume decreases 60.9% to 1,630 units. Geely’s total sales volume from January to May reaches 233,763 units, increasing 6.7% from 219,038 units in last year. The domestic sales increases 10.1% to 224,050 units and exported sales decreases 37.5% to 9,713 units.
Jun. 12 , 2016GAC Group planned to spend around ¥3.571 billion to buy the remaining 49% stake in GAC Gonow, which was a joint venture co-owned by GAC and Gonow, and make it an wholly-owned subsidiary of the group, according to an announcement released by the company on March 18th. Besides, GAC group has confirmed that the new Gonow will focus on the development of several new sedan and SUV models, and later renamed the company to GAC Group Passenger Vehicles (Hangzhou) company. However, shortly after the group’s purchase an
Jun. 6 , 2016On June 6th, the 2016 (7th) global auto forum opens in Chongqing Yuelai International Convention Center. Considering such factors as the unbalanced global economic recovery and China’s new normal Economy, the theme of forum is set as “Strategic Fulcrum of the new round industrial development and China’s opportunity: “13th-five” plan and Made in China 2025”.
Jun. 6 , 2016