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Gasgoo.com (Shanghai) - Now the world's largest automobile market, China has long since been a major part of Volkswagen's global strategy and a major source of its total profits. The Chinese market also possesses great potential for growth, with sales and profits increasing on a daily basis. VW's performance figures over the last few years provides a good example of the rapid growth of the market.
Aug. 12 , 2014Gasgoo.com (Shanghai) - The Chinese passenger automobile market has managed to maintain rapid sales growth during the first half of 2014. A total of 8.87 million automobiles were sold in China over the first six months of the year; that figure represents positive year-on-year growth of 14.8 percent. However, while a few major automobile manufacturers have reported high growth rates, there are still several manufacturers whose performances are a little worrying.
Aug. 12 , 2014Gasgoo.com (Shanghai July 29) - Although recent government policies are focusing on pure electric vehicles and many hybrid models have yet to be included in many lists of vehicles eligible for subsidies, Toyota is still firmly committed to bring its hybrid technology to China. Toyota, which has already sold over 6.6 million hybrids worldwide, has its sights set on setting up battery and general assembly operations in China, in order to decrease final retail prices for its vehicles.
Aug. 5 , 2014