Market & Industry
Sokon Industry Group Tries to Sell 420,000 units This Year for Establishing a Million-car Group
Sokon Industry Group Tries to Sell 420,000 units This Year for Establishing a Million-car Group

The Chongqing-domestic famous listed company Sokon Industry Group released its 2016 annual report on March 19th that, the company achieves auto sales of 379,200 units in 2016 with a year-to-year growth of 36.7%.

Mar. 22 , 2017
Beijing Hyundai’s Releases its 2017 Plan, with Many New Models being Launched
Beijing Hyundai’s Releases its 2017 Plan, with Many New Models being Launched

Beijing Hyundai will welcome its 15th anniversary in 2017. According to its target released at the beginning of year, it will sprint for 1.25m units' sales volume this year.

Mar. 21 , 2017
GWM WEY Meets Obstacle in Sprinting for High Sales, Haval Lowers Price for Increasing Sales Volume
GWM WEY Meets Obstacle in Sprinting for High Sales, Haval Lowers Price for Increasing Sales Volume

After the exposed high-end brand WEY’s late launch this year, GWM also meets decreasing sales volume and has to lower price for sales recovery. Experts say that H6 is showing fatigue in increasing sales, forcing GWM to find another sales growth point

Mar. 21 , 2017
BAIC Invests 1 billion in Promising Car-sharing Service
BAIC Invests 1 billion in Promising Car-sharing Service

Wang also pointed out that the purchase restrict policies in big cities are drawing the costs of car ownership higher for which more and more customers are turning to car-sharing service.

Mar. 20 , 2017
JAC New Energy Vehicles February Sales Decreased by nearly 90%
JAC New Energy Vehicles February Sales Decreased by nearly 90%

JAC new energy vehicles are experiencing sustained decline. In January this year, sales of JAC pure electric passenger vehicles was zero. In February, JAC pure electric passenger vehicles sales experienced a decline of nearly 90%.

Mar. 20 , 2017
NEXTEV Complete $600M Equity Trading Leading by Tencent and Baidu
NEXTEV Complete $600M Equity Trading Leading by Tencent and Baidu

NEXTEV, the newly-developing automaker, has completed an equity trading of $600 million leading by Tencent and Baidu and followed by other companies. After the investment, the market value of NEXTEV is about RMB20 billion yuan.

Mar. 17 , 2017