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Summary: Chinese sedan market in January
Gasgoo.com (Shanghai) - The Chinese sedan market contracted again in January. According to statistics from Gasgoo.com (Chinese), a total of 1.11 million sedans were sold in the country over the course of the month, down 9.1% year-on-year. Sedans accounted for 56.1% of all passenger automobiles sold in January, compared to 62.9% from the previous January.
Mar. 11 , 2016Alternative Energy Vehicles Account HALF of BYD’s Profits for the Very First Time in 2015
Recently, Chinese domestic carmaker BYD has announced that its net profits in 2015 jumped 552.63% to totally 2.829 billion rmb. It’s observed that alternative energy vehicles are the main driver for BYD’s hugely increased profits. Now the alternative energy vehicles account HALF of this carmaker’s profits while the percentage of that in 2014 is still 27.05%.
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