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Summary: Foreign brand automobile sales in China
Summary: Foreign brand automobile sales in China

According to statistics collected by the China Passenger Car Association and reported on by Gasgoo.com (Chinese), a total of 1.66 million passenger automobiles were sold in China in the month of April. While the figure is down 12.9% from the amount s

May 31 , 2017
Zotye Auto released new model plan including T700L and T800
Zotye Auto released new model plan including T700L and T800

We learn from Zotye Auto’s official website that Zotye will launch new MPV, Zotye S300, Zotye S700, Zotye T700L, Zotye T800 and other models in the future.

May 31 , 2017
Changan launched official price cuts to promote sales
Changan launched official price cuts to promote sales

It’s learned from official news that Changan will start official price cut for the first time in 2017. Any customer buying CS15, CS24, CS75, New Eado, New Eado XT, Alsvin V3, Alsvin V7, New Benni and Raeton will enjoy price benefits from RMB 4,000 to

May 31 , 2017
Smarter Energy transfers 40% shares of Detroit Electric to Far East Holding Group
Smarter Energy transfers 40% shares of Detroit Electric to Far East Holding Group

Smarter Energy released announcement on May 24th that it plans to transfer 40% shares of Detroit Electric to the shareholder Far East Holding Group for free.

May 26 , 2017
Newly launched luxury car models in June
Newly launched luxury car models in June

As a middle-size Lexus model, IS series always get high attention in the market. It’s known that the new model IS300 will be launched in June with 2.0T engine. The pre-selling price is at least RMB 335,000 for the four different models.

May 25 , 2017
Geely purchased two foreign brands and became Lotus’s biggest shareholder
Geely purchased two foreign brands and became Lotus’s biggest shareholder

On May 24th, Geely signed a binding key tem agreement with DRB-HICOM Group in Malaysia. Geely will purchase 49.9% shares of Proton Holding and 51% shares of luxury racing car brand Lotus Group from DRB.

May 25 , 2017