Market & Industry
Beijing completes auto insurance fee reform, insurance fee for running red lights rises 45% at most

Beijing, one of the trial districts for business auto insurance fee reform completed the system switch at 10:00 p.m. of yesterday. It’s learned that the first contract was signed by Pingan Property and Casualty Insurance Company, Beijing Branch. Currently, the reform has carried out in 36 provinces across the country.

Jun. 28 , 2016
Pingan becomes AutoHome’s biggest shareholder, the former CEO and CFO are forced to quit

Pingan announced on June 25th that, Pingan has finished AutoHome’s share transfer with Telstra and officially becomes AutoHome’s biggest shareholder, holding 47.4% shares with a price of USD 1.6b.

Jun. 27 , 2016
A China’s Provider of Taxi Service Has Asked for Governmental Regulations on Service of Online Car Renting

Shanghai Dazhong Taxi & Car Leasing Corporate in China has asked for governmental investigation into operation of companies proving service of car renting online by Ministry of Transport of China, reflecting the fact that development of business of online car rental has made threat to taxi market in China.

Jun. 27 , 2016
BAIC BJEV joins hands with Uber to promote timeshare car rental

On the occasion of this year’s World Environment Day, BAIC BJEV announced on the platform of a Zhongguancun-based business incubator that the company with join hands with car sharing company Uber to promote timeshare car rental service.

Jun. 27 , 2016
Sales of alternative energy vehicles in Guangzhou to exceed 1 million units by 2025

Chinese city Guangzhou has channeled great effort into developing and promoting the use of alternative energy vehicles, under the guidance of Made in China 2025, a ten year national plan issued by China’s State Council. Against this backdrop, the 7th China(Guangzhou) International New Energy Automobile Industry Expo 2016 will be held in Guangzhou between July 15 to June 17.

Jun. 23 , 2016