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Dongfeng Motor Group to wholly control Dongfeng Renault after Renault’s transfer
Dongfeng Motor Group to wholly control Dongfeng Renault after Renault’s transfer

Dongfeng Motor Group and Renault S.A. plan to restructure their joint venture Dongfeng Renault Automotive Company (DRAC) given the downturn in China’s automobile market and the subsidiary’s unsound operational performance.

Apr. 14 , 2020
BYD’s Q1 net profit projected to tumble 79.99% to 93.33% year on year
BYD’s Q1 net profit projected to tumble 79.99% to 93.33% year on year

BYD’s net profit attributable to shareholders for the first quarter is forecasted to stand between RMB50 million to RMB150 million, plunging 79.99% to 93.33% compared to the year-ago period.

Apr. 14 , 2020
Groupe Renault sets its new strategy for China
Groupe Renault sets its new strategy for China

Groupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV).

Apr. 14 , 2020
Geely-backed affordable NEV brand Maple starts presale of first model Maple 30x
Geely-backed affordable NEV brand Maple starts presale of first model Maple 30x

Maple, a NEV brand backed by Geely Technology Group, was formally launched on April 10 with the presale of its first model, the Maple 30x, kicking off at the same time.

Apr. 13 , 2020
GAC Group’s March sales decline 39.55% from a year ago
GAC Group’s March sales decline 39.55% from a year ago

In March, GAC Group clocked a year-on-year sales drop of 39.55%, but saw a significant rebound compared to the previous month.

Apr. 13 , 2020
Chongqing Changan Automobile records 32.1% year-on-year drop in Q1 sales
Chongqing Changan Automobile records 32.1% year-on-year drop in Q1 sales

Chongqing Changan Automobile Co., Ltd. (Changan) announced that its March sales slid 28.7% over a year ago to 139,737 units.

Apr. 13 , 2020