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Volkswagen Group new China strategy focuses on EV offensive, smart mobility service
Volkswagen Group new China strategy focuses on EV offensive, smart mobility service

Volkswagen Group will roll out more than 30 new NEV models over the next two years with 50% local production and work on providing consumers with smart mobility services in China.

Nov. 16 , 2018
Chinese automakers Oct. sales performance summary
Chinese automakers Oct. sales performance summary

Gasgoo hereby rounded up the sales data released by corresponding Chinese automakers as below. Dongfeng Motor Group, Changan Automobile and JAC Motors all came across double-digit YoY decline in Oct. sales.

Nov. 15 , 2018
NDRC denies plan to cut car purchase tax to 5%
NDRC denies plan to cut car purchase tax to 5%

China’s National Development and Reform Commission (NDRC) has never considered or put up the plan to cut the tax on car purchases to 5 percent, Meng Wei, spokeswoman for the commission, said on November 15.

Nov. 15 , 2018
Great Wall Motor to issue ultra-short-term financing bonds of RMB5 bln to optimize debt structure
Great Wall Motor to issue ultra-short-term financing bonds of RMB5 bln to optimize debt structure

Great Wall Motor announced on November 13 that it plans to issue no more than RMB5 billion worth of ultra-short-term financing bonds to optimize its debt structure and the funds raised will be used to supplement working capital.

Nov. 14 , 2018
Geely FY11 “coupe” SUV PHEV has 7 potential names
Geely FY11 “coupe” SUV PHEV has 7 potential names

The patent images of Geely’s all-new SUV code-named FY11 were released from China’s Ministry of Industry and Information Technology (MIIT) in recent days. Unlike the fuel-burning version reported previously, the new FY11 SUV is a PHEV.

Nov. 14 , 2018
WEY P8 GT ready to make debut at Auto Guangzhou 2018
WEY P8 GT ready to make debut at Auto Guangzhou 2018

Great Wall Motor’s premium SUV brand WEY is about to unveil the WEY P8 GT at the upcoming 2018 Guangzhou International Automobile Exhibition, according to local media.

Nov. 14 , 2018