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Jia Yueting:A-round finance will be accomplished in the year to achieve mass production for LeAuto
Jia Yueting:A-round finance will be accomplished in the year to achieve mass production for LeAuto

Media reported that Jia Yueting said on the meeting that funds would be invested on businesses to combine unlisted companies. Listed companies will also be focused to become an eco-system. LeAuto will accelerate the financing process to achieve vehic

Jun. 29 , 2017
Qoros Responds to Rumor: New Investors Are Undetermined
Qoros Responds to Rumor: New Investors Are Undetermined

June 27, Qoros issued a statement that no confirmed information about can be disclosed and that Qoros Motor as well as shareholders will insist an open attitude to welcome investors from all parties. This statement undoubtedly denies the rumor about

Jun. 28 , 2017
Changan Auto CS55 would be sold in the next month with pre-sale price of RMB 98,000
Changan Auto CS55 would be sold in the next month with pre-sale price of RMB 98,000

Changan Auto has launched four “CS” series SUV models including CS15, CS35, CS75 and CS95. According to plan, it would launch a new compact SUV model SUV CS55 in the year. The new model has made debut on Shanghai Auto Show this year and would be offi

Jun. 28 , 2017
Summary: The state of the Chinese SUV market in May
Summary: The state of the Chinese SUV market in May

Statistics reported on by Gasgoo.com (Chinese) show that total SUV sales in China in the month of May totaled 723,413 units. That figure represents year-on-year growth of 13.5%, which is respectable given the fact that passenger automobile sales as a

Jun. 27 , 2017
FOXCONN Invests 25 Billion Yuan to Construct Seven Projects in Kunshan
FOXCONN Invests 25 Billion Yuan to Construct Seven Projects in Kunshan

On 23rd June afternoon, Foxconn Technology Group and Kunshan government signed an agreement of comprehensively deepening strategic cooperation. According to the agreement, Foxconn will invest 25 billion yuan to construct seven projects in Kunshan.

Jun. 26 , 2017
Alternative energy vehicle companies cheated subsidies for a total of RMB 1.67b, and half companies sold less than 500 units in half year
Alternative energy vehicle companies cheated subsidies for a total of RMB 1.67b, and half companies sold less than 500 units in half year

Recently, the State Auditing Administration released an audit report on the 2016 central budget implementation and other financial data, revealing some problems in the popularization process of alternative energy vehicles, including the higher standa

Jun. 26 , 2017