News
Changan expected to gain profit in Q1 from the year-ago net loss
Changan expected to gain profit in Q1 from the year-ago net loss

Chongqing Changan Automobile Co., Ltd. (Changan) expects its 2020’s first-quarter (Q1) net profit attributable to shareholders reach RMB500 million to RMB750 million.

Apr. 16 , 2020
Jiangsu issues guidelines to revive automobile sales
Jiangsu issues guidelines to revive automobile sales

Jiangsu Provincial Government announced earlier this month its guidance measures to revive automobile consumption, which is hit hard by the coronavirus outbreak.

Apr. 15 , 2020
BYD’s semiconductor unit intends to go public
BYD’s semiconductor unit intends to go public

BYD announced it has completed the internal restructuring of its wholly-owned subsidiary Shenzhen BYD Microelectronics Co., Ltd. (BYD Microelectronics), which will seek to go public at an appropriate moment.

Apr. 15 , 2020
BYD’s Q1 net profit projected to tumble 79.99% to 93.33% year on year
BYD’s Q1 net profit projected to tumble 79.99% to 93.33% year on year

BYD’s net profit attributable to shareholders for the first quarter is forecasted to stand between RMB50 million to RMB150 million, plunging 79.99% to 93.33% compared to the year-ago period.

Apr. 14 , 2020
Groupe Renault sets its new strategy for China
Groupe Renault sets its new strategy for China

Groupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV).

Apr. 14 , 2020
SAIC Motor’s Q1 sales tumble 55.71% from the previous year
SAIC Motor’s Q1 sales tumble 55.71% from the previous year

SAIC Motor saw its first-quarter (Q1) sales slump 55.71% from a year ago to 679,028 units with most of its subsidiaries hit by the coronavirus-caused downturn as well.

Apr. 14 , 2020