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According to an announcement of Dongfeng Motors released in the evening of April 22nd, the company plans to sell its share of Zhengzhou Nissan Automobile to its controlling shareholder Dongfeng Motor Co., Ltd. so as to increase the company’s revenue and functioning quality. After the transaction, Dongfeng Motors will no longer be a shareholder of Zhengzhou Nissan. It’s acknowledged that Dongfeng will resume trading in the stock market in April 25th.
Apr. 25 , 2016Beijing taxi drivers are expected to drive energy-saving alternative energy vehicles by 2020, and then the total private electric vehicle demand by citizens will also reach 450,000 units. Therefore, Beijing City will set up 435,000 charging posts to meet the above demands. Yesterday, Beijing Municipal Development and Reform Commission announced the news by releasing Special Plan for Electric Vehicles Charging Infrastructure in Beijing Municipality (2016-2020).
Apr. 25 , 2016Geely in China invests RMB 8 billion yuan on launching alternative energy vehicles, which will be carried out in Hangzhou city nearby Shanghai since April 20.
Apr. 22 , 2016Recently, most car-sharing platforms have quietly lowered their subsidies for the drivers of their online car-hailing services. Some experts saw this reduction of subsidies as a pressure test for the online car-hailing services, which have long been supported and promoted by large subsidies driven by the need to compete for market shares, and an opportunity to establish a new balance between the online car-sharing platforms and drivers.
Apr. 22 , 2016On April 7th, twenty-four dealers of Changan Ford’s in Hunan Province has started a jointly protest against the car manufacturer from forcing inventory on them. Reportedly, Chinese market’s inventory warning index has been stood above the warning line of 50%, which reflects dangerously high inventory level, since the October in 2014, except for a brief cool off of 48.7% in last August. Establish carmakers including Volvo, BMW, Audi and Mercedes-Benz are all affected.
Apr. 20 , 2016




