SAIC Motor announced its annual net profit attributable to shareholders slumped 28.9% year on year to RMB25.603 billion, showing the first-time downturn since the group went public in 2011.
Apr. 14 , 2020
Dongfeng Motor Group and Renault S.A. plan to restructure their joint venture Dongfeng Renault Automotive Company (DRAC) given the downturn in China’s automobile market and the subsidiary’s unsound operational performance.
Apr. 14 , 2020
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
Automakers in China sold 56,410 locally-produced new energy PVs (NEPVs) in March, a year-on-year slump of 49%.
Apr. 13 , 2020
Maple, a NEV brand backed by Geely Technology Group, was formally launched on April 10 with the presale of its first model, the Maple 30x, kicking off at the same time.
Apr. 13 , 2020
In March, GAC Group clocked a year-on-year sales drop of 39.55%, but saw a significant rebound compared to the previous month.
Apr. 13 , 2020