The sales of SUVs and alternative energy vehicles has been roaring ahead in a relatively depressing Chinese passenger vehicle market. However, the sales of SUV models has increased 52% compared against last year while that of alternative energy vehicles has witnessed an astonishing 340% increase compared against last year.
May 13 , 2016Dongfeng Peugeot Citroen Automobile Company Ltd in China released strategic plan yesterday, aiming at revenue of RMB 100 billion yuan and production of 34 new models including six of alternative energy vehicles until 2020.
May 13 , 2016BAIC BJEV released its battery-replacing strategy across the industry on April 26th, which will be implemented from taxies across the nation. In the future, apart from taxis, renting cars and other operating vehicles, private vehicles will also benefit from the strategy. Recently, the first charging and replacing station was co-built by BAIC BJEV and Sinopec in Dabo Road, Beijing City.
May 11 , 2016Result of price adjustment on refined oil products by China’s government will be known on May 12. Some agencies believe that the price will go up for the second time in 2016.
May 11 , 2016Inside sources from Beijing Hyundai has confirmed that Li Yixiu, Sales Director at this joint venture, will leave his position at the company to succeed Fan Jingtao to be the new Vice General Manager at BAIC Motor Sales company while Fan Jiongtao will succeed Li Yixiu as the new Sales Director at Beijing Hyundai.
May 11 , 2016