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Chinese automakers tabulated on 2018 Fortune Global 500 list
Chinese automakers tabulated on 2018 Fortune Global 500 list

The world’s 500 largest companies on the newly-unveiled list generated $30 trillion in revenues and $1.9 trillion in profits in 2017. A total of 6 automakers from Mainland China entered into the list.

Jul. 20 , 2018
Beijing adjusts NEV subsidies
Beijing adjusts NEV subsidies

The Beijing Finance Bureau announced that Beijing will adjust the municipal subsidies of new energy vehicles (NEV), saying that both the central government and local subsidies will be no more than 60% of car price.

Jul. 20 , 2018
Renault Brilliance Jinbei to launch 7 new models, first SUV model images exposed
Renault Brilliance Jinbei to launch 7 new models, first SUV model images exposed

The patent images and some parameters of the first model developed by Renault Brilliance Jinbei Automotive Co.,Ltd have been exposed recently.

Jul. 20 , 2018
Geely Automobile Holdings acquires three auto companies with RMB 3.173 billion in total
Geely Automobile Holdings acquires three auto companies with RMB 3.173 billion in total

Zhejiang Jirun, an indirect 99%-owned subsidiary of Geely Automobile Holdings, entered into the DJD Acquistion Agreement with Hangzhou Components, pursuant to which Zhejiang Jirun agreed to acquire the entire equity of Hangzhou Geely Automobile.

Jul. 19 , 2018
GAC Group plans to set up JVs with CATL
GAC Group plans to set up JVs with CATL

GAC Group announced that it plans to sign a joint venture operation contract with Contemporary Amperex Technology Limited (CATL) on July 19 in Guangzhou.

Jul. 19 , 2018
Two model projects of GAC FCA approved by GAC Group
Two model projects of GAC FCA approved by GAC Group

GAC Group announced that its board of directors agreed to implement two model projects of GAC FCA, a joint venture of GAC and Fiat Chrysler, as well as a model project of GAC Motor.

Jul. 19 , 2018