Thanks to Chinese buyers’ prevailing flavor of SUVs, the sales of vehicles in China is up by 9.75% to 2,091,700 units in May. However, the growth of SUV sales has been slowing down while the sales of alternative energy vehicles are still expanding at a high pace, according to China Association of Automobile Manufacturers.
Jun. 15 , 2016BAIC Motor Corporation., LTD. and FUJIAN Motor Industry Group Co. have signed an Equity Transaction Agreement in respect of the proposed acquisition by BAIC of the 35% equity interest in Fujian Benz Automobile Co., Ltd. held by FJMOTOR in FuZhou, China, on June 12th. As agreed in the agreement, upon completion of the Equity Transaction, BAIC and FJMOTOR will hold 35% and 15% equity interest in Fujian Benz, respectively, and Daimler Vans Hong Kong Limited will hold the remaining 50% equity interest in Fujian Benz.
Jun. 13 , 2016A list of Top 100 automobile dealers in China in 2015 has been released recently.
Jun. 13 , 2016