News
Sales volume of Luxgen Decreases 68.7% in August and it accelerates the Layout of 18 New Models
Sales volume of Luxgen Decreases 68.7% in August and it accelerates the Layout of 18 New Models

​Luxgen brand sells 1,000 units in August with year-on-year decline of 68.7%. According to Dongfeng Yulong 510 plan, it will launch 10 new models in the future five years with eight alternative energy versions.

Sep. 5 , 2017
Sales Volume of Haima Auto Faces Decline for Eight Consecutive Months
Sales Volume of Haima Auto Faces Decline for Eight Consecutive Months

Haima Auto released its August production and sales volume data on September 4th, showing that the company produces 8,274 units in August with year-on-year decline of 41.92%. The sales data turns out to be 10,638 units, declining 16.18%.

Sep. 5 , 2017
Tesla accused of consumer fraud by a Beijing company
Tesla accused of consumer fraud by a Beijing company

A Beijing company took Tesla to the court, saying the electric carmaker should be responsible for its failure to get a free license plate for its new bought Model X 100D, Techweb reported.

Sep. 5 , 2017
Guangzhou Automobile Group will increase 15 billion Yuan to improve the ability of independent research
Guangzhou Automobile Group will increase 15 billion Yuan to improve the ability of independent research

Guangzhou Automobile Group made an announcement which showed that the Chinese Commission has approved GAC’ s application for an increase of 15 billion Yuan to mainly improve the product development capabilities of independent brands.

Sep. 1 , 2017
It’s said the Double Credit Policy will be Postponed
It’s said the Double Credit Policy will be Postponed

It’s said the credit policy for alternative energy vehicles will be postponed to implement in the year 2019, and that the proportion in 2019 and 2020 keeps to be 10% and 12% respectively.

Sep. 1 , 2017
Profit of BAIC Group Slumps 59% in the first half of year
Profit of BAIC Group Slumps 59% in the first half of year

BAIC released its 2017 semi-annual performance report showing that the net profit decreases nearly 60% year-on-year in the first half of year, influenced by the RMB 3.3b deficit of Beijing brands and halving sales volume for Beijing Hyundai.

Sep. 1 , 2017