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Three subsidiaries of Dongfeng merge
Three subsidiaries of Dongfeng merge

Three companies in Dongfeng Group released announcement on December 19th that Dongfeng Huashen Automobile Company Ltd. would merge Dongfeng Shiyan Special Commercial Vehicle Co. Ltd. and Dongfeng Shiyan Special Vehicle Body Co. Ltd.

Dec. 21 , 2017
CAAM predicts 3% growth in auto sales of 2018
CAAM predicts 3% growth in auto sales of 2018

China Association of Automotive Manufacturers (CAAM) predicted that 2018 automobile sales will have a year-on-year growth of 3% with an annual sales volume of 29.87 million units.

Dec. 21 , 2017
Didi raises over 4 billion dollars in latest financing round
Didi raises over 4 billion dollars in latest financing round

Didi Chuxing, Chinese ride-sharing giant, announced that the company raised more than 4 billion dollars in the latest round of financing. The company plans to further increase its investment in transportation artificial intelligence (AI) technology.

Dec. 21 , 2017
Chery secures strategic partner for another subsidiary
Chery secures strategic partner for another subsidiary

On December 18, Chery Automobile signed an agreement with Yibin municipal government in Sichuan province. According to the agreement, Cowin Auto, a subsidy of Chery, will be moved from Wuhu, Anhui province to Yibin.

Dec. 20 , 2017
JAC Motors to establish first plant in Brazil
JAC Motors to establish first plant in Brazil

Anhui Jianghuai Automobile Group Corp., Ltd. (China’s JAC) announced on Dec 18 that it will set up the first plant in Brazil.

Dec. 20 , 2017
Baojun 530 may surpass Haval H6 in sales
Baojun 530 may surpass Haval H6 in sales

As the champion on the SUV sales list for nearly 60 months, Haval H6 can be said to be the king in the field of SUV. However, the Baojun 530, a new SUV under Baojun marque owned by SAIC-GM-Wuling, may threaten its leading position.

Dec. 20 , 2017