Market & Industry
Global first open vehicle to vehicle vertical impact test was held this morning

On 10:40 am of August 5th, global first open vehicle to vehicle vertical impact test was held successfully in the crash lab of China Automotive Technology & Research Center, which is located in Tianjin. The vertical vehicle to vehicle impact test chooses Geely Emgrand GL models to crash with each other with speeds of 50km/h and 16.7km/h respectively.

Aug. 5 , 2016
China Likely to Reduce Per Litter Prices of Refined Oil Price Drop May between 150 RMB yuan and 205 RMB yuan

Analysts believe China may cut the price of refined oil on Friday in response to a drop in global prices of crude oil. The decrease in price of refined oil is expected to be between 190 RMB yuan and 210 RMB yuan per ton.

Aug. 4 , 2016
BYD will invest RMB 10b to expand capacity and launch new models

With the launching of more alternative energy vehicles, BYD begins to expand the battery capacity. News media learned that BYD will invest RMB 11b to increase capitals of the subsidiary two companies, which will be used in the battery capacity expansion project. Battery capacity is expected to be expanded in the future and the research process of alternative energy vehicles will be further accelerated.

Aug. 2 , 2016
Governmental Regulations on Management of Online Hailing Service in China

China’s government has launched additional regulations on management of operation of business of providing online-hailing service in the country. And adjustment on these regulations may be made according to public opinions.

Aug. 2 , 2016
Song Jun to Be Vice General Manager of Geely Automobile in China

Song Jun has been promoted to be vice general manager of Geely Automobile Sales Company, a subsidiary of Geely Group in China.

Aug. 2 , 2016