Based on a relatively low volume level in the same month of last year, PV wholesale got a YoY growth of 12.2% in April 2018, bringing a YTD growth of 5.6%. However, the inventory index reached 1.66 in April 2018, up 7% month on month.
May 22 , 2018
China will speed up the removal of unqualified vehicles for ride-hailing service and revoke the license of ride-hailing platforms that keep refusing to revamp services in accordance with laws and regulations, Cai Tuanjie, an officer from the China’s
May 22 , 2018
China will reduce the import tariffs on complete vehicles and parts from July 1, 2018, in order to expand the reforming and opening up in a large scale.
May 22 , 2018
Geely’s premium vehicle brand, Lynk & Co saw its dealership network expansion with 24 new Lynk & Co centers co-opening on May 20, including in Shanghai, Chengdu and Guangzhou.
May 21 , 2018
Japanese automaker Honda will sell its stake in Honda Automobile (China) to GAC Honda, a joint venture with GAC group, valued at about RMB 602 million (around $94.7 million), according to Honda’s statement released on May 17.
May 21 , 2018
Chinese automaker Great Wall Motor (GWM) reportedly wants to control over 51% shareholdings in the JV with BMW Group, the company revealed at a meeting with some board directors from BMW Group before the conclusion of Auto China 2018.
May 21 , 2018