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Ford posts YoY sales slump of 30% in China for February
Ford posts YoY sales slump of 30% in China for February

Ford Motor Company announced on Mar. 9 that it delivered 47,438 vehicles in China for February with a slump of 30% over the previous year.

Mar. 9 , 2018
All-new Geely Emgrand hits market with starting price of RMB 69,800
All-new Geely Emgrand hits market with starting price of RMB 69,800

Geely Auto announced on March 6th that its all-new Emgrand officially went on sale at prices ranging from RMB 69,800 to RMB 98,800.

Mar. 9 , 2018
Dongfeng Yueda Kia suffers MoM sales slump of 95.9% in February
Dongfeng Yueda Kia suffers MoM sales slump of 95.9% in February

Dongfeng Yueda Kia delivered 2,050 vehicles, plunging 95.9% month on month and 34% year on year in February. In the past two months of 2018, Dongfeng Yueda KIA sold 51,700 units with a YoY decrease of 15.5%.

Mar. 9 , 2018
Great Wall Motor to invest RMB 20 billion for EV development by 2020
Great Wall Motor to invest RMB 20 billion for EV development by 2020

Great Wall Motor aims to sell 2 million vehicles in 2025, and 700,000 units of the total volume are expected to be electric vehicles. Its president also added that her company would like to invest RMB 20 billion by 2020 to develop electric vehicles.

Mar. 8 , 2018
FAW, Audi signs MoUs on establishing two new companies
FAW, Audi signs MoUs on establishing two new companies

China FAW Group Corporation (FAW) signed two MoUs on establishing two new companies with Volkswagen AG and Audi AG on Mar. 7 in Geneva.

Mar. 8 , 2018
Didi, BAIC Group sign strategic agreement to promote carsharing operation
Didi, BAIC Group sign strategic agreement to promote carsharing operation

On March 7th, Didi, a China’s ride-hailing giant, announced that it signs a strategic cooperation agreement with the state-owned automaker BAIC Group to jointly extend businesses in NEV and carsharing areas.

Mar. 8 , 2018