Dongfeng Liuzhou Motor has targeted its sales goal at 320,000 units this year, shooting for 350,000 units. In response to that, this carmaker has also ramped up its capacity significantly. DFLZ’s new plant will be completed around this November and boost the company’s capacity from currently 250,000 units to 500,000 units, including several SUV and MPV models, which will definitely help this carmaker racing to the first echelon.
Jul. 1 , 2016Geely will publish a “L” series high-end brand with Volvo at the end of year. The brand is positioned between Volvo and Geely and the first new model will be SUV. Yang Xueliang, PR Director of Geely Group, admits that, “Geely will launch a new high-end brand, competing with SAIC Volkswagen and other joint-venture brands.”
Jun. 30 , 2016On June 26th, a JAC electric vehicle got on fire by itself in Sanlitun, Beijing. Witnesses introduces that the vehicle is a JAC iEV5 model, and the fire began at the back wheel. Currently, no casualties have been reported.
Jun. 29 , 2016Shareholders from both China FAW Car Co., Ltd and China Tianjin FAW Xiali Automobile Co.,Ltd met today for reviewing proposal made by China FAW Group to change date for shares changes.
Jun. 28 , 2016Beijing, 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