Market & Industry
FMC to Receive $47.14 Million Financing while Tencent and Foxconn is to Exit
FMC to Receive $47.14 Million Financing while Tencent and Foxconn is to Exit

On December 28th, Harmony Auto announced in its statement that, it will unit Lihe Auto Technology Co., Ltd, Jinheng Investment Co., Ltd and FMC management to raising fund for FMC Cayman for A-round of investment.

Dec. 29 , 2016
Policy Outlook in 2017: Less Subsidiaries and Higher Auto Purchasing Expenditure
Policy Outlook in 2017: Less Subsidiaries and Higher Auto Purchasing Expenditure

Although Chinese auto market faces a macroeconomic downturn in 2016, the market also achieves a two-digit growth stimulated by the halving purchasing tax policy and implementation of alternative energy vehicles. The following parts will give a brief

Dec. 28 , 2016
Some Areas may Practice “National Sixth” Standards ahead of Time
Some Areas may Practice “National Sixth” Standards ahead of Time

Limits and measurement methods for emissions from light-duty vehicles (China 6) was jointly issued by State General Administration of Quality Supervision, Inspection and Quarantine, and Ministry of Environmental Protection on December 23th. Two emiss

Dec. 28 , 2016
Ford Prepares for New Reform at the Crossroad of Achieving 1m Units' Sales
Ford Prepares for New Reform at the Crossroad of Achieving 1m Units' Sales

Influenced by the flourishing Chinese auto market, Ford’s sales in China exceed 1m units one month ahead of time this year. Official data shows that Ford has total sales of 1.09m units from January to November, higher than the 985,000 units in last y

Dec. 27 , 2016
China's Lynk & CO To Sell Cars At Extremely Competitive Prices
China's Lynk & CO To Sell Cars At Extremely Competitive Prices

Geely, a Chinese multinational automaker and owner of the car brand Lynk and Co, is planning to introduce changes to the way people purchase and own cars. Lynk and Co will have its cars engineered and designed in Sweden, built in China and sold direc

Dec. 27 , 2016
BMW to recall 193,611 vehicles in China
BMW to recall 193,611 vehicles in China

BMW will recall 193,611 vehicles in China's mainland due to defective airbags, the country's quality watchdog has said.

Dec. 26 , 2016