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Dual-credit policy implements on Apr. 1
Dual-credit policy implements on Apr. 1

The dual-credit policy for passenger vehicle companies went into force on Apr. 1. The scheme targets automakers who produce more than 30,000 vehicles annually.

Apr. 3 , 2018
BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion
BAIC Motor 2017 net profit declines 4.7% to RMB 10.998 billion

BAIC Motor Corporation Ltd (BAIC Motor) reported that its annual operation revenue boasted a year-on-year increase of 15.50% to RMB 134.158 billion in 2017, which was mainly driven by the rising income from Beijing Benz.

Apr. 3 , 2018
Dongfeng Nissan posts YoY sales growth of 5% in Q1
Dongfeng Nissan posts YoY sales growth of 5% in Q1

Dongfeng Nissan reported a MoM sales surge of 48.6% to 86,354 units in March. Its cumulative sales in the first quarter reached 242,767 units, up 5% over the previous year, according to Dongfeng Nissan’s latest output and sales report.

Apr. 3 , 2018
Sokon, Baidu sign cooperation framework agreement to deepen cooperation
Sokon, Baidu sign cooperation framework agreement to deepen cooperation

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon) signed a strategic cooperation framework agreement with Baidu on April 2.

Apr. 2 , 2018
NIO Capital, G7, GLP co-fund new energy autonomous truck company
NIO Capital, G7, GLP co-fund new energy autonomous truck company

According to official news, G7, Global Logistic Properties (GLP) and Nio Capital jointly announced that three parties will co-fund a new technology company that is controlled by G7, a China’s Internet of Things (IoT) technology company.

Apr. 2 , 2018
Geely to release three new EV models in 2018
Geely to release three new EV models in 2018

Geely will make further deployment in NEV field and shape a product lineup with almost 40 NEV models by 2020. It will release 3 NEV models in 2018.

Apr. 2 , 2018