Gasgoo.com (Shanghai) - Foreign brands are continuing to perform strongly in the Chinese passenger automobile market, with their sales growth rate in July still above the industry average. Their combined market share is also continuing to increase, much to the dismay of own brand manufacturers. According to statistics compiled by Gasgoo.com (Chinese), a total of 885,900 foreign branded domestically manufactured passenger automobiles were sold in the country this July; 10.5 percent than the 801,400 sold in July 2013. July also marked the first month that foreign brands' market share broke the 70 percent mark, up 0.3 percent from the previous year.
Sep. 3 , 2014Gasgoo.com (Shanghai August 29) - Earlier this week, Dongfeng Peugeot Citroën's factory in Xiangyang, Hubei announced its new T STT core powertrain technology. The new technology will play an important part in the joint venture's new E Power Strategy. The new 'T' and 'STT' engine technology will be equipped on Dongfeng Peugeot Citroën vehicles powered by 1.6 L CVVT, 1.8 L CVVT, 1.2 L THP, 1.6 L THP and 1.8 L THP engines.
Sep. 3 , 2014Gasgoo.com (Shanghai August 21) - The luxury automobile market in China still possesses large potential for development. Furthermore, with the country now home to 26,600 multimillionaires, the second largest number in the world, automobile manufacturers from across the world have their eyes set on increasing their market share. Most of them have already begun or are planning to begin developing vehicles directly in the country to achieve their sales goals.
Aug. 27 , 2014