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GWM completes 29.17% of 2018 target with cumulative sales over 330,000 units
GWM completes 29.17% of 2018 target with cumulative sales over 330,000 units

GWM sported a year-on-year sales growth of 11.79% with 81,797 units delivered in April, while dropping 7.31% month on month. Meanwhile, the automaker delivered a total of 338,420 units in the first four months, edging down 3.39% year on year.

May 9 , 2018
Changan PSA sets up exclusive marketing department for DS
Changan PSA sets up exclusive marketing department for DS

Changan PSA will continue to position the DS as luxury vehicle brand, and will launch one new DS model per year over the next five years to complete the product lineup of its SUVs.

May 9 , 2018
Dearcc aims to deploy entire NEV industrial chain with RMB 2.5 billion
Dearcc aims to deploy entire NEV industrial chain with RMB 2.5 billion

Dearcc and Uni-Power Group, one of China’s class-leading science & technology finance company, recently signed an agreement on establishing a new energy industrial development fund, which has a management fund scale of more than RMB 2.5 billion.

May 8 , 2018
Borgward North American R&D Center founded
Borgward North American R&D Center founded

On May 7, Borgward announced that the Borgward R&D Silicon Valley Inc. has registered and founded successfully, together with a series of personnel appointments.

May 7 , 2018
Changan Suzuki denies rumor of retreating from China
Changan Suzuki denies rumor of retreating from China

Changan Suzuki clarified that its two parent companies, Changan Auto and Suzuki, have been under a positive discussion in terms of the joint venture’s development.

May 7 , 2018
Changan Russia receives  RMB 250 million investment from Changan
Changan Russia receives RMB 250 million investment from Changan

Changan plans to add RMB 250 million investment in its wholly-owned subsidiary, Changan Russia to meet the subsidiary’s liabilities and supplement its operating funds, according to Changan's statement released on May 7.

May 7 , 2018