Gasgoo.com (Shanghai) - SUV sales in China have been the major driver of growth for the passenger automotive market. Despite a decline in passenger automobile sales this year, the SUV segment’s performance has continued to remain strong. According to statistics from Gasgoo.com (Chinese), a total of 9.53 million passenger automobiles have been sold over the first half of the year. The figure represents slight positive growth of 7.4%, far less than the double digit rates from previous years. 2.71 million of those sales were of SUVs, up a full 48.0% from last year. By comparison, minivan sales increased 16.8% while sedan sales fell 6.0%.

Zotye Auto is currently in full preparation for its IPO, with entire integration in the company’s sales channels, structure of business units, and personnel distribution in management level.