Market & Industry
Ankai Automobile Faces High Debts Resulted from Overdependence on Alternative Energy Subsidies
Ankai Automobile Faces High Debts Resulted from Overdependence on Alternative Energy Subsidies

It’s revealed from the semi-annual report that Ankai Automobile shows bad financial performance in the first half of year. It has a total sales volume of 4,198 units with year-on-year decline of 2.87%.

Sep. 25 , 2017
Chery will mass produce Level 3 autonomous vehicles in 2019
Chery will mass produce Level 3 autonomous vehicles in 2019

Chery will strive to finish developing the functionality by 2019 or 2020 and plan to mass produce vehicles with Level 3 autonomous features at that time.

Sep. 25 , 2017
Dong Mingzhu may take over FAW’s shares in Xiali
Dong Mingzhu may take over FAW’s shares in Xiali

the listed company FAW Xiali will be abandoned by FAW Holding Co. and FAW Car is the only option for FAW Group’s overall listing.

Sep. 22 , 2017
Borgward’s great personnel changes: Kevin Chen, Executive Vice President of Borgward China likely to resign
Borgward’s great personnel changes: Kevin Chen, Executive Vice President of Borgward China likely to resign

Kevin Chen,Executive Vice President of Borgward China, has submitted his resignation to the board of directors.

Sep. 22 , 2017
HAVAL cuts prices largely once again to win market share
HAVAL cuts prices largely once again to win market share

On Sept. 18, HAVAL officially announced the price reduction of the H6 Coupe 1.5T up to RMB 17,800. The model will be priced between RMB 10,900 and RMB 12,500.

Sep. 21 , 2017
Pickup Operation Certificate will be cancelled in Domestic Market and Favorable Policies will be Released
Pickup Operation Certificate will be cancelled in Domestic Market and Favorable Policies will be Released

all pickup operation certificates will be cancelled by the end of 2018. Currently, there are no strict standards in China to determine whether a pickup is operating model or non-operating model.

Sep. 21 , 2017