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GAC Group posts 1.13% year-on-year growth in 2018 revenue
GAC Group posts 1.13% year-on-year growth in 2018 revenue

GAC Group announced on March 29 that its full-year consolidated revenue in 2018 edged up 1.13% year on year to around RMB72.38 billion and its net profit attributable to shareholders of parent company slightly climb 1.08% over the previous year to RM

Apr. 1 , 2019
Didi-owned Xiaoju Automobile Solutions upgrades car rental business
Didi-owned Xiaoju Automobile Solutions upgrades car rental business

Xiaoju Automobile Solutions has integrated its automobile operation center, hourly car rental business unit and new retail arm and upgraded them into a department dubbed “Xiaoju Car Rental Service".

Mar. 29 , 2019
BYD launches 9 new models on the same day with price starting at RMB79,900
BYD launches 9 new models on the same day with price starting at RMB79,900

BYD launched a total of 9 new models at its Spring launch event on March 28, covering four major Dynasty series—the BYD Tang, Yuan, Song and Qin.

Mar. 29 , 2019
NIO said to launch supercharger stations in April
NIO said to launch supercharger stations in April

China-based startup NIO is ready to launch supercharger stations in April and officially open its “one click for power” service in the near future to further facility the EV charging for consumers, according to local media outlets.

Mar. 28 , 2019
EV startup WM Motor to build autonomous driving tech hub in Sichuan
EV startup WM Motor to build autonomous driving tech hub in Sichuan

WM Motor plans to establish an autonomous driving technology hub in Mianyang, Sichuan Province, to form a closed loop that covers the entire process from R&D to mass production and speed up the mass production of autonomous driving R&D achievements,

Mar. 28 , 2019
China’s JV-owned, self-owned car brands lower prices prior to VAT drop
China’s JV-owned, self-owned car brands lower prices prior to VAT drop

FAW-VW, SAIC-Volkswagen’s Skoda and MG recently said they would lower their suggested retail prices in China following 7 premium car brands who had already announced price cut decisions before China’s VAT drop policy officially comes into effect.

Mar. 27 , 2019