Market & Industry
FAW Car Co. plans to transfer Hongqi’s assets to its parent company
FAW Car Co. plans to transfer Hongqi’s assets to its parent company

FAW Car Co., Ltd. released a notice on asset transfer, saying that the company will transfer its asset valued RMB 289 million to China FAW Group Corporation.

Nov. 22 , 2017
Dongfeng Citroen to launch two new models in 2018
Dongfeng Citroen to launch two new models in 2018

Dongfeng Citroen launched its second SUV model new C5 Aircross this year, and plans to introduce C3 Aircross and another new middle-size vehicle next year.

Nov. 22 , 2017
Audi forecasts 2017 sales in China to reach approximately 600,000 units
Audi forecasts 2017 sales in China to reach approximately 600,000 units

Audi predicts that it will see robust sales growth in November and December, which will reverse a year-on-year sales decline of 3% in the previous ten months.

Nov. 22 , 2017
New Model Plans of Six Self-owned Auto Brands
New Model Plans of Six Self-owned Auto Brands

At the Auto Guangzhou 2017, many executives from China self-owned auto brands revealed their new model plans of the near future. From the current information, six self-owned auto brands will unveil a total of 23 new models, 16 of which are SUVs.

Nov. 21 , 2017
6,000 Lynk & Co 01 models snapped up in 137 seconds
6,000 Lynk & Co 01 models snapped up in 137 seconds

On Nov. 17, the Lynk & Co 01 started preorder at the Auto Guangzhou 2017 with price range between RMB 170,000 and RMB 240,000, and were snapped up in 137 seconds.

Nov. 21 , 2017
Geely, Belarus’s CKD assembly plant opens
Geely, Belarus’s CKD assembly plant opens

On Nov. 17, Geely Automobile (Belarus) Co., Ltd., the first automotive joint venture between China and Belarus, held an inauguration ceremony for its CKD assembly plant as well as an off-line ceremony for its first mass produced model.

Nov. 20 , 2017