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On May 6, Lifan Motors revealed its plan to issue no more than 261 million non-public stock shares to less than ten specified investors, aiming to raise a total of RMB 2.48 billion for the development of NEVs.
May 8 , 2018
JAC posted passenger vehicle (PV) sales of 18,689 units in April, edging up 6.6% from a year earlier.
May 8 , 2018
SAIC Motor boasted a year-on-year sales growth of 13.5% with 569,110 vehicles delivered in April. Meanwhile, the automaker delivered a total of 2,391,530 vehicles in the first four months, up 11% from a year ago, the group announced on May 7.
May 8 , 2018
Changan plans to add RMB 250 million investment in its wholly-owned subsidiary, Changan Russia to meet the subsidiary’s liabilities and supplement its operating funds, according to Changan's statement released on May 7.
May 7 , 2018
After presented the H5, the first model under Hongqi’s new brand strategy at Auto China 2018, FAW Hongqi also held a launch event for the new model, in Shanghai on May 5.
May 7 , 2018
Li Shufu, chairman of Zhejiang Geely Holding Group (Geely Holding), purchased HKD 433 million worth of shares in Geely Auto, Geely Holding’s subsidiary on May 2, according to the Stock Exchange of Hong Kong Limited (SEHK).
May 7 , 2018