Market & Industry
SAIC annual net profit expected to reach RMB 34.2 billion
SAIC annual net profit expected to reach RMB 34.2 billion

SAIC said the net profit attributable to shareholders was about RMB 34.2 billion, exceeding that of the previous year by RMB 2.2 billion and increasing 7 percent year on year.

Jan. 19 , 2018
China starts construction of first intelligent-connected testing base in Chongqing
China starts construction of first intelligent-connected testing base in Chongqing

China's first large-scale comprehensive intelligent-connected vehicle testing base formally started construction on January 18.

Jan. 19 , 2018
Analysis of China’s SUV sales in December
Analysis of China’s SUV sales in December

According to data released by the China Passenger Car Association, in December, 2017, China’s PV sales decreased 0.12% year on year. The PV’s annual sales of 2017 increased 2.36% from a year earlier in China.

Jan. 18 , 2018
Geely-backed Caocao Zhuanche raises RMB 1 billion series A funding
Geely-backed Caocao Zhuanche raises RMB 1 billion series A funding

Cacao Zhuanche, an electric vehicle riding-sharing platform invested by Zhejiang Geely Holding Group, announced that it has completed a RMB 1 billion series A round funding with the estimated valuation of over RMB 10 billion.

Jan. 17 , 2018
Dongfeng Fengshen sets 2018 annual sales target of  200,000
Dongfeng Fengshen sets 2018 annual sales target of 200,000

Dongfeng Fengshen, a PV brand owned by the Chinese automaker Dongfeng Passenger Vehicle Company, set the annual sales target of 200,000 units in 2018. Besides, it strives to increase the annual sales volume to 350,000 units in 2020.

Jan. 17 , 2018
Top 10 models from German models by December sales in China
Top 10 models from German models by December sales in China

According to data released by the China Passenger Car Association, the Lavida was the best-selling model among all models from German brands in December with sales of 45554 units, increasing 21.32% year on year.

Jan. 16 , 2018