News
Geely-backed Proton gains 50.7% year-on-year surge in Jan.-Apr. sales
Geely-backed Proton gains 50.7% year-on-year surge in Jan.-Apr. sales

Proton, a Malaysia’s national carmaker backed by Geely Holding Group, sold 7,011 new vehicles in April, gaining a year-on-year surge of 73.5% and a month-on-month jump of 14.1%, according to a press release from Geely’s official WeChat account.

May 6 , 2019
China announces 10 cities/provinces for pre-owned car export pilot program
China announces 10 cities/provinces for pre-owned car export pilot program

China’s authority announced on May 5 the first batch of cities/provinces that are allowed to conduct the pilot program of exporting pre-owned cars.

May 6 , 2019
Hainan Province to remove NEV local subsidy from June 26
Hainan Province to remove NEV local subsidy from June 26

The government of China’s Hainan Province recently announced that consumers who buy new energy vehicles (NEVs) with license (excluding buses and fuel cell vehicles) will no longer enjoy the subsidy offered by local government from June 26 on.

May 6 , 2019
Geely’s new energy battery research institute in Jiaxing to start operation in 2019
Geely’s new energy battery research institute in Jiaxing to start operation in 2019

Geely Technology Group (Geely Tech) signed on April 29 an agreement with local government of Xiuzhou District, Jiaxing, Zhejiang Province to build a new energy battery research institute at Xiuzhou Hi-tech Industrial Development Zone.

May 5 , 2019
Changan Automobile sees 250.62% year-on-year plunge in Q1 net profit attributable to shareholders
Changan Automobile sees 250.62% year-on-year plunge in Q1 net profit attributable to shareholders

Chongqing Changan Automobile Co., Ltd said on April 30 that its operating income in the first quarter of the year slumped 20% over the previous year to RMB16.008 billion.

May 5 , 2019
GAC Group posts 28.4% year-on-year drop in Q1 net profit
GAC Group posts 28.4% year-on-year drop in Q1 net profit

GAC Group’s revenue for the first quarter of 2019 reached RMB14.256 billion, slumping 25.74% compared with the same period last year, the automaker reported on April 29.

May 5 , 2019