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Tesla accused of consumer fraud by a Beijing company
Tesla accused of consumer fraud by a Beijing company

A Beijing company took Tesla to the court, saying the electric carmaker should be responsible for its failure to get a free license plate for its new bought Model X 100D, Techweb reported.

Sep. 5 , 2017
JAC SUV Net Profit Falls by 40.31% in the First Half Year
JAC SUV Net Profit Falls by 40.31% in the First Half Year

August 31, JAC released its 2017 semi-annual report, which shows operating income of JAC in the first half of 2017 is 25.313 billion yuan, a year-on-year decrease of 4.08%. Net profit of the shareholders is 345 million yuan.

Sep. 4 , 2017
GAC Trumpchi Makes Use of its Advantages to Cope with “Double Credit” Pressure
GAC Trumpchi Makes Use of its Advantages to Cope with “Double Credit” Pressure

GAC Trumpchi achieves rapid growth when domestic auto market shows slowing growth rate.It launches two SUV models GS7 and GS3 in Wuzhen. “These are two important and strategic models of GAC Trumpchi。

Sep. 4 , 2017
Profit of BAIC Group Slumps 59% in the first half of year
Profit of BAIC Group Slumps 59% in the first half of year

BAIC released its 2017 semi-annual performance report showing that the net profit decreases nearly 60% year-on-year in the first half of year, influenced by the RMB 3.3b deficit of Beijing brands and halving sales volume for Beijing Hyundai.

Sep. 1 , 2017
A number of independent brands join, SAIC increases 200 million investment for timeshare rental
A number of independent brands join, SAIC increases 200 million investment for timeshare rental

Morefun car-sharing comes into market , the car-sharing area add another independent brand again—Beiqi. Up to now, Geely, BYD, SAIC and many other auto brands have joined the time-sharing rental, and they all use new energy vehicles as operation sub

Aug. 31 , 2017
SAIC Group Profits Most Among all Domestic Auto Groups
SAIC Group Profits Most Among all Domestic Auto Groups

SAIC Group released its 2017 semi-annual report on the night of August 29th, showing that the group has total operating revenue of RMB 396.41b with year-on-year growth of 12.85%.

Aug. 31 , 2017