News
Mazda China sales jump 20.2% YoY in first quarter
Mazda China sales jump 20.2% YoY in first quarter

Mazda Motor (China) Co., Ltd (Mazda China) announced on April 3rd that the company delivered a total of 77,450 vehicles in China in the first quarter of this year, jumping 20.2% year on year.

Apr. 3 , 2018
Dual-credit policy implements on Apr. 1
Dual-credit policy implements on Apr. 1

The dual-credit policy for passenger vehicle companies went into force on Apr. 1. The scheme targets automakers who produce more than 30,000 vehicles annually.

Apr. 3 , 2018
BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion
BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion

BAIC Motor Corporation Ltd (BAIC Motor) reported that its annual operation revenue boasted a year-on-year increase of 15.50% to RMB 134.158 billion in 2017, which was mainly driven by the rising income from Beijing Benz.

Apr. 3 , 2018
Hongqi H5, first China-branded luxury B-class model to hit market at Auto China 2018
Hongqi H5, first China-branded luxury B-class model to hit market at Auto China 2018

All-new Hongqi H5 will hit the market on Apr. 25 at Auto China 2018. The highly-anticipated new model is not only the first model after Hongqi released its strategy, but also China’s first luxury B-class vehicle model.

Apr. 2 , 2018
Sokon, Baidu sign cooperation framework agreement to deepen cooperation
Sokon, Baidu sign cooperation framework agreement to deepen cooperation

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon) signed a strategic cooperation framework agreement with Baidu on April 2.

Apr. 2 , 2018
NIO Capital, G7, GLP co-fund new energy autonomous truck company
NIO Capital, G7, GLP co-fund new energy autonomous truck company

According to official news, G7, Global Logistic Properties (GLP) and Nio Capital jointly announced that three parties will co-fund a new technology company that is controlled by G7, a China’s Internet of Things (IoT) technology company.

Apr. 2 , 2018