Market & Industry
GM’s sales volume increases 5.3% during the previous six months, while market share decreases for a consecutive third month in China

GM published its global performance report recently, which shows its net profits for ordinary shareholders reaches USD 2.9b during 2016 Q2, increasing 157% with USD 1.1b in the same period of last year.

Aug. 4 , 2016
Jia Yueting hints Yongche will begin the largest prepayment return activity

At the time of coming news that Didi will merge with Uber, Zhou Hang, founder and CEO of Yongche released an open letter and said that, “The future transportation market will be seized by Yongche and Didi. Yongche will design a differentiated route and form unique ecosystem logic.”

Aug. 3 , 2016
Ulin Gogh Va has been Director of Unit of Product Designing of BIEV in China

Ulin Gogh Va has been employed to be Director of Unit of Product Design of BJEV, a subsidiary of BAIC, one of leading automakers in China. The new director will design shape of modes of ARCFOX, a new brand developed by BJEV.

Aug. 3 , 2016
Beijing Transportation Commission released governance results on traffic jam, focusing on static traffic

Beijing Central Area’s Traffic Performance Index turns out to be 5.2 in the first half of year, decreasing 10.3% with the same period of last year. Yesterday, Beijing Transportation Commission released governance result on traffic jam during the first half of year, and static traffic will be the main point of governance this year. A total of 2.01m illegal parking cases have been penalized by relevant departments. Anti-car piles will be installed in 150 municipal roads in the second half of year to protect pedestrians.

Aug. 2 , 2016
China’s Government: Online-hailing Service Has Gained Legal Status

Owners of private vehicles have been approved by the Chinese Government for providing online-hailing service by regulations released on the conference held on July 28, 2016.

Jul. 31 , 2016
Chinese Customers Now Develop More Confidence in Chinese Brands

Improvement in quality of products may guarantee success of Chinese automakers in the market place, as American media has pointed out.

Jul. 31 , 2016