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China will exempt Tesla’s electric vehicles from its vehicle purchase tax, China’s Ministry of Industry and Information Technology (MIIT) said on August 30, amongst an escalating trade tension with the United State.
Sep. 2 , 2019
GAC Group posted double-digit year-over-year decrease in both first-half revenue and net profit, according to the automaker’s interim report.
Sep. 2 , 2019
Changan Automobile said its first-half revenue dropped 16.18% over the prior-year to RMB29.876 billion, while it posted a loss in shareholders’ net profit of RMB2.24 billion, a year-on-year plunge of 239.17%.
Sep. 2 , 2019
Gasgoo compiled the sales data offered by eight mainstream premium vehicle manufacturers. All of them accomplished year-on-year growth in July sales. Except Jaguar Land Rover, the other seven all posted increase in year-to-date sales.
Aug. 29 , 2019
China Evergrande Group, the Chinese property giant which is also famous for its crossover car building moves, unveiled its NEV brand name on August 28 at the AFC Champions League quarter-final.
Aug. 29 , 2019
BAIC Motor Corporation Limited (BAIC Motor) reported a year-on-year jump of 14.1% in the first-half revenue, while its semi-annual net profit slumped 25.9% from a year ago.
Aug. 28 , 2019