News
Analysis: The struggle of French brands in the Chinese passenger automobile market

Gasgoo.com (Shanghai) - Over 10.65 million passenger automobiles have been sold in China over the first six months of the year, as China Passenger Car Association sales statistics compiled by Gasgoo.com (Chinese) show. That figure represents year-on-year growth of 11.6%.

Aug. 4 , 2016
China Likely to Reduce Per Litter Prices of Refined Oil Price Drop May between 150 RMB yuan and 205 RMB yuan

Analysts believe China may cut the price of refined oil on Friday in response to a drop in global prices of crude oil. The decrease in price of refined oil is expected to be between 190 RMB yuan and 210 RMB yuan per ton.

Aug. 4 , 2016
GM’s sales volume increases 5.3% during the previous six months, while market share decreases for a consecutive third month in China

GM published its global performance report recently, which shows its net profits for ordinary shareholders reaches USD 2.9b during 2016 Q2, increasing 157% with USD 1.1b in the same period of last year.

Aug. 4 , 2016
BYD will invest RMB 10b to expand capacity and launch new models

With the launching of more alternative energy vehicles, BYD begins to expand the battery capacity. News media learned that BYD will invest RMB 11b to increase capitals of the subsidiary two companies, which will be used in the battery capacity expansion project. Battery capacity is expected to be expanded in the future and the research process of alternative energy vehicles will be further accelerated.

Aug. 2 , 2016
Governmental Regulations on Management of Online Hailing Service in China

China’s government has launched additional regulations on management of operation of business of providing online-hailing service in the country. And adjustment on these regulations may be made according to public opinions.

Aug. 2 , 2016
Song Jun to Be Vice General Manager of Geely Automobile in China

Song Jun has been promoted to be vice general manager of Geely Automobile Sales Company, a subsidiary of Geely Group in China.

Aug. 2 , 2016