Market & Industry
WM Motor unveils first mass-produced model, with maximum range of 600 km
WM Motor unveils first mass-produced model, with maximum range of 600 km

WM new model, named EX5, is a battery electric and intelligent SUV, with a starting price of about RMB 200,000 (about 30,226 dollars). The vehicle boasts a maximum range of 600 kilometers.

Dec. 11 , 2017
Ford delivers117, 593 vehicles in November in China
Ford delivers117, 593 vehicles in November in China

On Dec. 11, Ford Motor Company announced that its November sales in China reached 117,593 units, down 8% year on year. During January and November, it delivered 1,056,163 vehicles, decreasing 6% compared with the same period last year.

Dec. 11 , 2017
Chery November sales exceed 70,000 units, jumping 30 percent month on month
Chery November sales exceed 70,000 units, jumping 30 percent month on month

Chery had a total sales volume of 71,827 units in November with a month-on-month growth of 27.9%, making a new high of monthly sales in this year. Exported vehicles sales reached 10,179 units with a monthly increase of 10.3%, exceeding 10,000 units.

Dec. 11 , 2017
Zotye Ford Automobile to produce 300,000 NEVs annually
Zotye Ford Automobile to produce 300,000 NEVs annually

On Dec. 7, Zotye and Ford held a signing ceremony for all-electric passenger vehicle production base at the People's Great Hall of Zhejiang Province.

Dec. 10 , 2017
CSRC Beijing Bureau to take administrative supervision measures on Jia Yueting and Jia Yuefang
CSRC Beijing Bureau to take administrative supervision measures on Jia Yueting and Jia Yuefang

LeTV released announcement on the night of December 7th that CSRC (China Security Regulation Commission) Beijing Bureau would take administrative supervision measures of ordering for making correction on Jia Yueting and Jia Yuefang.

Dec. 8 , 2017
Dongfeng Motor slashes non-core businesses to focus on automobile
Dongfeng Motor slashes non-core businesses to focus on automobile

Dongfeng Motor intends to sell 80% stake of its 100%-owned Dongfeng Real Estate Co., Ltd. with the price of about RMB 872 million (around $132 million).

Dec. 8 , 2017