Alibaba Group jointly released OS’ Car with SAIC Motor in Hangzhou on July 6th, beginning the reform of auto industry.Roewe RX5, the first global OS’ Car which can have a mass production, made its debut on the conference. The press announced that Roewe RX5 was priced at RMB 99,800 to 186,800.
Jul. 7 , 2016Faraday Future, invested by Jia Yueting, announces to invest USD 1b to build electric auto factory in Nevada. But reports from foreign media claims that Jia Yueting is forced to raise funds by way of stock rights pledge, which has roused doubts of Nevada’s financial minister Schwartz. He needs a more detailed explanation for how Jia Yueting and Faraday will raise funds, or he will not consider the issuing of government bonds.
Jul. 6 , 2016According to GWM’s latest announcement, its sales volume reaches 450,300 units in the previous six months, increasing 8.4%. The sales volume in June increases 29%, benefited from H6’s 60% growth and H7’s new car sales.
Jul. 6 , 2016Hyundai and KIA groups have lukewarm performances in China in recent years. Hyundai released Q1, 2016 financial report in April, showing that it has a net profit of Won 1,687b, decreasing 12%. It’s the ninth consecutive quarter of sales decrease. Report also analyses that the reason comes in bad sales volume in China market.
Jul. 5 , 2016