Market & Industry
BYD to increase shipments, aiming at boosting sales to 120,000 units

During BYD’s 2015 General Meeting of stockholders hosted on June 6th, Wang Chuanfu, President at BYD Auto, said that, in second half of 2016, the shipments of alternative energy vehicles will increase rapidly, boosting the company’s overall sales to a next level. Besides, Wang also confirmed that the company will start a new business unit of light rail, which is expected to become BYD’s new growth point in five years.

Jun. 8 , 2016
GAC and LeTV to build JV company, building an Internet ecosystem

GAC Group announced in the evening of June 6th, that the board of directors of the company has passed a proposal regarding adjusting the Internet ecosystem of GAC Group. According to the announcement, the company’s project to develop an Internet ecosystem is funded jointly by GAC Group, LeTV and Urtrust Insurance, with an investment proportion of 45%, 40% and 15% respectively.

Jun. 7 , 2016
Undergoing re-organization, Historical problems of GAC Gonow to be solved gradually

The greatly concerned GAC Gonow dealership “rights protection” incident has new progress recently. According to the latest news, GAC Gonow could provide main parts now and will recover the provision of most parts since June to solve after-sales problem to a maximum extent. Besides, the 400 after-sales hot line has been opened and provides 24 hour customer service.

Jun. 3 , 2016
Public urges government to introduce laws governing the mandatory usage of child safety seats in China

The Children’s Day has just passed, once again drawing public’s attention to the deficiency of traffic safety legislation in China regarding child restraints in cars.

Jun. 3 , 2016
110,000 Charging Stations to be built in South-west China

Chongqing Liangjiang & Laidian Alternative Energy Co., Ltd, providing service of constructing facility for green vehicles in China, will build 110,000 charging stations for 100,000 alternative energy vehicles in Chongqing City of South-west China by 2020.

Jun. 3 , 2016