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The National Bureau of Statistics revealed that Chinese auto manufacturing industry gained net profit of RMB 335.99 billion during the first half of 2018, representing a year-on-year growth of 4.9%.
Aug. 6 , 2018
Qoros Auto delivered 6,115 vehicles in July, achieving high year-on-year growth for 7 consecutive months since Baoneng Group joined as a new strategic investor, and handed over 36,639 vehicles for the first seven months in total.
Aug. 6 , 2018
Chery Holding Group reported a year-on-year sales jump of 26.5% with 55,880 vehicles delivered in July. For the first seven months, the group handed over a total of 399,000 vehicles by far this year.
Aug. 6 , 2018
On July 31, the Ministry of Finance together with other three government departments jointly announced that new energy vehicles (NEV) and vessels will be exempt from vehicle and vessel tax, and such tax for energy-saving vehicles will be halved.
Aug. 2 , 2018
On August 1, JD Logistics, WM Motor, Global Logistic Properties, JUMA jointly announced the establishment of a smart truck joint venture, which will work on developing new type of intelligent trucks and may put them into volume production in 2020.
Aug. 2 , 2018
China-based EV startup Xpeng Motors announced on August 2 that it has completed a RMB 4billion worth of Series B+ round financing, which was the largest single round of financing so far this year among Chinese vehicle startups by the value raised.
Aug. 2 , 2018