Market & Industry
GAC’s 30% compound growth rate in the past two decades lies in open cooperation
GAC’s 30% compound growth rate in the past two decades lies in open cooperation

GAC Group keeps a compound growth rate of nearly 30% in the past two decades.

Jun. 9 , 2017
LETV’s RMB 2b Corporate Bond faces Issuance Suspension, cutting off its cash flow
LETV’s RMB 2b Corporate Bond faces Issuance Suspension, cutting off its cash flow

On the night of June 7th, information on Shenzhen Stock Exchange’s website shows that LETV’s RMB 2b corporate bond will face issuance suspension, meaning a financial failure and cutting off management team and shareholders’ hope.

Jun. 9 , 2017
GWM sold 68,900 units in May, while Haval H6 continues to be SUV sales champion
GWM sold 68,900 units in May, while Haval H6 continues to be SUV sales champion

GWM released data on June 6th that it sells 68,942 units in May with a year-on-year decrease of 3.76%. The total sales volume reaches 396,272 units from January to May, increasing 3.02% year-on-year. Exported vehicles grow to 3,259 units.

Jun. 9 , 2017
Changan Auto’s sales volume shows a two-digit growth in May
Changan Auto’s sales volume shows a two-digit growth in May

Last night, Changan Auto released its production and sales volume in May. Data shows that its sales volume reaches 196,419 units with a monthly growth of 21.35% and year-to-year decline of 5.34%.

Jun. 7 , 2017
Geely’s sales volume increases 67% in May, accomplishing 44% of annual target
Geely’s sales volume increases 67% in May, accomplishing 44% of annual target

Geely Auto released its sales data showing that its sales volume reaches 76,546 units in May and increases 67% with the same period of last year. The sales volume in domestic market reaches 76,339 units, increasing 73% year-to-year.

Jun. 7 , 2017
Geely Spends 30 Billion Yuan Building Xi'an Base
Geely Spends 30 Billion Yuan Building Xi'an Base

Recently, Geely Group announced the acquisition of Proton Motor's 49.9% stake, showing its determination to enter the Southeast Asian market. IIA learns from Geely Automobile official that Geely Automobile Group will invest 30 billion yuan in Xi'an.

Jun. 7 , 2017