The heavyweight autos successively published July production and sales bulletins. The statistics published recently by SAIC, GAC, Changan Auto and JAC showed that July sales all further grew year-on-year and month-on-month. Since July and August are generally the low seasons of auto sales, this year’s low season is not slow at all.
Aug. 12 , 2013JAC(300197.SZ) president An Jin, appointed one and a half year ago, made adjustments again on the organizational structure after on the products structure. JAC’s semi-annual report published recently showed that the revenue of the first half year reached 17.98 billion yuan, the net profits 520 million yuan, rising 62% year-on-year.
Aug. 12 , 2013BMW made a big announcement that it will launch its pure electronic auto I3 to Beijing, New York and London at the same time. After 4 days, Volkswagen issues sustainable traffic solution, which is taken as its new energy strategy countermove.
Aug. 9 , 2013Shanghai Volkswagen's one millionth Skoda rolled off the assembly line of its Yizheng factory in Jiangsu earlier this July, a new record for a European brand operating in the country. However, the first half year was not smooth for Skoda. Another 5 dealers exit from the network, among which Skoda Shenzhen Zhaofang was the first 4S shop in China. Bad sales must be the top reason for the dealer to withdraw.
Aug. 8 , 2013As Infiniti and Acura announced Chinese-made plan, Lexus, the Japanese luxury car brand which earliest entered Chinese market, began to take action. Recently, it was said that GAC has been always making long-term and deep research of Lexus’s Chinese-made plan and also negotiating with Toyota the possibility and concrete operation means. Meanwhile, Jiang Jizhe, Lexus newly appointed Executive Vice President, also stated in the recent interview that it was a hot topic for Lexus to realize localization in China.
Aug. 8 , 2013Last year’s series of events posed serious impact on all Japanese car brands in China. The first half year’s market changes also proved that the recovery will be long lasting. Therefore, China Nissan Motor Co. tried to change the original model of depending on passenger car to realize fast growth and turns to use multi-plates, including passenger car and light commercial car in order to reach the 10% market share in China earlier.
Aug. 8 , 2013