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China’s state-owned automaker FAW Group signed strategic cooperation agreements with 16 banks which intend to grant credit extension totaling RMB1.015 trillion to the company, according to FAW Group’s official WeChat account.
Oct. 25 , 2018
Shanghai (Gasgoo)- Daimler Mobility Services GmbH and Geely Group Company, Zhejiang Geely Holding Group’s new business subsidiary, announced on October 24 that they will build a joint venture in China to provide premium ride-hailing services.
Oct. 24 , 2018
Chinese EV startup Leapmotor plans to roll out 3 new models over the next three years, including the LP-S01, the LP-T03 and the LP-C11, based on the S, T and C vehicle platform respectively, according to local media.
Oct. 24 , 2018
Local media reported that Ford motor has the intent to increase the stake in Changan Ford, its joint venture with Changan Automobile and the American automaker uses new models as bargaining chips. However, both Changan Ford and Ford China denied t
Oct. 23 , 2018
Gasgoo hereby summarized the sales data released by corresponding automakers. Five out of 10 Chinese automakers on the table suffered YoY sales drop in September. SAIC Motor encountered its first YoY decrease in monthly sales so far this year.
Oct. 23 , 2018
For the first nine months, BAIC Motor’s operating profits jumped 32.69% over a year ago to RMB17.019 billion and its net profits attributable to shareholders amounted to RMB3.806 billion, strikingly surging 93.32% from a year earlier.
Oct. 23 , 2018