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GAC Honda to acquire 100% stake of Honda Automobile China
GAC Honda to acquire 100% stake of Honda Automobile China

GAC announced to transfer its 25% stake in Honda Automobile (China) through the open market. Besides, the board of the group also approved GAC Honda’s plan to acquire 100% stake of Honda Automobile (China).

Dec. 20 , 2017
Haval H6 November sales slump by 23 percent
Haval H6 November sales slump by 23 percent

In November, the SUV sales in China totaled 1,108,182 units, jumping 7.6 percent year on year and accounting for 43.4 percent of the total PV sales volume. China self-owned brand has an outstanding performance by November SUV sales.

Dec. 20 , 2017
GAC Mitsubishi factory to increase capacity by 100,000 units
GAC Mitsubishi factory to increase capacity by 100,000 units

It's learned from GAC Group official news that the group has approved the expansion and renovation plan of the joint venture’s second phase project. When the factory expansion completes, GAC Mitsubishi annual capacity will increase 100,000 units.

Dec. 19 , 2017
Beijing allows road testing of autonomous vehicle
Beijing allows road testing of autonomous vehicle

Today, Beijing Municipal Commission of Transport issued a guidance on autonomous vehicle road testing and a regulation on autonomous vehicle road testing, to encourage, support and regulate the development of autonomous vehicles.

Dec. 18 , 2017
NIO starts to design third mass-production vehicle
NIO starts to design third mass-production vehicle

On December 16th, NIO officially launched its first mass-production electric vehicle ES8 in the press conference held in Wukesong Center with over 1 thousand participants. T

Dec. 18 , 2017
Customizable Hongqi L5 starts presale with starting price of RMB 6 million ($907,860)
Customizable Hongqi L5 starts presale with starting price of RMB 6 million ($907,860)

According to the source from FAW Group, Hongqi, Chinese national vehicle marque, decided to start the global customization of the L5, which is Hongqi’s high-end vehicle model.

Dec. 18 , 2017