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【February, 2019】China Passenger Vehicle Sales Analysis
【February, 2019】China Passenger Vehicle Sales Analysis

Dropping to a new low point, PV wholesales only showed 1.21 million units, down 16.8% YoY in February 2019. The YTD wholesales reached 3.23 million units and also had a big slide of 16.6% YoY.

Mar. 22 , 2019
CHJ Automotive to accept LEADING IDEAL ONE orders on April 10
CHJ Automotive to accept LEADING IDEAL ONE orders on April 10

China’s EV startup CHJ Automotive is ready to announce the price of the LEADING IDEAL ONE and start to accept orders of the new model on April 10.

Mar. 22 , 2019
11 companies including FAW, Tencent, Alibaba set up RMB9.76 bln fund for NEV car-sharing business
11 companies including FAW, Tencent, Alibaba set up RMB9.76 bln fund for NEV car-sharing business

Changan Automobile announced on March 22 that it has signed an agreement in Nanjing with ten companies including Suning, FAW Group, Dongfeng Motor, Tencent and Alibaba, etc., to build a joint venture that focuses on NEV-based car-sharing businesses.

Mar. 22 , 2019
Geely Auto posts 18% year-on-year growth in 2018 net profit
Geely Auto posts 18% year-on-year growth in 2018 net profit

Geely Automobile Holdings Limited reported on March 21 that its annual revenues in 2018 grew 15% year on year to RMB106.6 billion and the full-year net profits attributed to shareholders jumped 18 % over a year ago to RMB12.55 billion.

Mar. 21 , 2019
New Geely Emgrand GSe to be sold in March with EV range up to 400km
New Geely Emgrand GSe to be sold in March with EV range up to 400km

In March, the automaker is going to launch the new Emgrand GSe with a driving range increased by 13% to 400km, said Zheng Zhuang, general manager of Geely New Energy sales company.

Mar. 21 , 2019
Infiniti joins price cut movement in response to China’s VAT drop
Infiniti joins price cut movement in response to China’s VAT drop

Infiniti recently released its price cut announcement for China’s market in response to the government’s VAT drop policy for manufacturing industry.

Mar. 21 , 2019