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BAIC Motor reports profit of RMB4.083 billion, down by 7.8%
BAIC Motor reports profit of RMB4.083 billion, down by 7.8%

BAIC Motor, BAIC Group’s Hong Kong listed subsidiary, announced its 2019 net profit attributable to equity holders slid 7.8% from the year-ago period to RMB4.083 billion, and the basic earnings per share dropped 9.1% to RMB0.5.

Mar. 31 , 2020
China’s authorities roll out market-saving policies to spur car sales
China’s authorities roll out market-saving policies to spur car sales

China auto industry is calling for stronger incentives to spur domestic auto sales, which are further crippled by the COVID-19 spread after two consecutive years of downturn.

Mar. 30 , 2020
Geely Automobile reports 35% YoY drop in 2019 net profit
Geely Automobile reports 35% YoY drop in 2019 net profit

Geely Automobile released its annual result of 2019 on March 30.

Mar. 30 , 2020
Shenzhen to issue policy on promoting passenger-carrying ICV trial operation
Shenzhen to issue policy on promoting passenger-carrying ICV trial operation

Shenzhen is soliciting public opinions on the draft guidelines on promoting application and demonstration of ICVs (the Guidelines), which will allow self-driving cars to carry passengers and freight on certain areas.

Mar. 27 , 2020
Hangzhou adds 20,000 fuel-burning car license plates to simulate auto sales
Hangzhou adds 20,000 fuel-burning car license plates to simulate auto sales

China’s local governments are taking steps to boost car sales that have fallen for two consecutive years and are worsened due to the coronavirus pandemic by increasing annual quota of new license plates.

Mar. 27 , 2020
Dongfeng-PSA joint venture resumes production at Wuhan plant
Dongfeng-PSA joint venture resumes production at Wuhan plant

DPCA announced it officially resumed the work and production at its Wuhan plant on March 25 after a two-month shutdown due to the coronavirus spread.

Mar. 26 , 2020