FAW-Xiali Automobile turned the sales slide in the previous years into positive growth in the first half of the year in China. However, the growth rate falls far behind that of the general vehicle market in the same period and the company is troubled with huge deficits.
Aug. 6 , 2015In July, a Chinese version of Tesla EV, named “You Xia” (Ranger literally) intelligent vehicle has triggered another hot discussion in China. There have been eight Chinese traditional automakers implementing strategy in intelligent vehicles.
Aug. 5 , 2015Gasgoo.com (Shanghai) - With growth in the Chinese passenger automotive market as a whole slowing down, the luxury automotive market has also started to lag. Leading luxury brands Audi and BMW both were only able to post very slight positive sales growth rates over the first half of the year, while growth rates for second-tier brands varied heavily, with Jaguar Land Rover, Lexus and Volvo all suffering declines in sales.
Aug. 4 , 2015Gasgoo.com (Shanghai) - The Chinese SUV market has continued to achieve rapid growth over the first six months of the year. According to Gasgoo.com (Chinese), a total of 2.71 million SUVs were sold in the country from January to June, representing positive year-on-year growth of 48%. In particular, own brands’ were able to see their sales nearly double, growing 95.5%. By comparison, sales of foreign brand SUVs only increased 15.5%. A total of 1.25 million foreign brand SUVs, accounting for 46.4% of all SUVs sold in the country over the first half of the year, down 13 percentage points from the previous year.
Aug. 4 , 2015