Market & Industry
Clarify Tesla Agency Rumor, Sinomach Stock Price Roller Coaster

Withpaper of announcement, rumor about Sinomach exclusive agent Tesla has stopped immediately. Night of Feb 19, Sinomach has clarified that Tesla sales strategy is directly globally, which means it is nonsense that some media says Sinomach will agent Tesla exclusive. Sinomach just takes commission of Tesla to get Model S Chinese 3C certification.

Feb. 24 , 2014
GloballyAccidentally ExposedReflects Prius Struggle Situation in China: Best Game but No One Played

Prius, which called “Hybrid Originator”, has met some problems recently. Japan Toyota has announced to recall 1.9 million 3rd Prius hybrid power globally. It is because of control model of hybrid existing problems, which may cause car automatically shut down. Recalled cars are concerned about rolled off operation line from March 2009 to Feb 5 2014. It has concerns with 713 thousand cars in North America, and 997 thousand in Japan, and 130 thousand in Europe. It concerns with some cars in China as well.

Feb. 24 , 2014
GM New CEO China Test: Cadillac Renaissance Brings Profit

Less than one month since Mary bora assumes her position of GM Automobile CEO, she comesto the largest single market of GM, China. She visits governor of Shanghai city, SAIC senior management, and hold GM (China) employee conference. All the activities are around a center—GM development in China in the future.

Feb. 24 , 2014
Mini Car Sales Decline Almost 10%, Companies Need Transition

In 2013, Chinese automobile industry has experience double-digital growth after 2 years tiny growth. However, mini car segment sales have not realized fast growth, but even decline. In 2013, Chinese mini car segment sales are accumulated 1.59 million, which has declined 9.6% over 1.76 million sales of 2012.

Feb. 20 , 2014
GAC Matches Automatic Drive, Stock Rises Up to Day Limit

Tesla new energy boom has not faded, but automatic drive becomes the next blue ocean for Chinese automobile manufacturers. According to report yesterday, Guangzhou Automobile Group Co., Ltd. Automotive Engineering Research Institute has signed contact with Chinese Academy of Sciences research institutions. It plans to match into automatic drive segment.

Feb. 20 , 2014
Geely May Cancel Three Sub-brands, and Integrated Back to Geely

Last Monday, Geely Automobile (hereinafter referred to as Geely) offers 45 Emgrand and Englon barrier-free taxis for “2014 APEC Senior Officials First Round Conference”. Some attendance points out that it could be the last show for Emgrand and Englon. According to arrangement, Geely plans for new brand strategy, which will cancelexisted Emgrand, Englon and Gleagle, and integrates them with Geely brand.

Feb. 20 , 2014