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FAW Car to Sell Equity of Hongqi to FAW Group in China at 830 Million RMB
FAW Car to Sell Equity of Hongqi to FAW Group in China at 830 Million RMB

FAW Car in China announced to sell equity of Hongqi to FAW Group on September 18.

Sep. 22 , 2016
Geely Emgrand GL challenging joint-venture brands, with many models priced at RMB 80,000 to 110,000
Geely Emgrand GL challenging joint-venture brands, with many models priced at RMB 80,000 to 110,000

Geely Emgrand GL was officially launched on September 20th, with the price set at RMB 78,800 to 113,800. This is Geely’s third model priced at RMB 80,000 to 110,000, after Emgrand GL and Yuanjing SUV. Besides, Geely’s best-seller Emgrand EC7 is also

Sep. 22 , 2016
Improvement in Consumption Has Caused Drop in Sales of Subcompact in China
Improvement in Consumption Has Caused Drop in Sales of Subcompact in China

Sales of subcompact dropped by 31% while there was double-digit increase in sales of the auto market overall in China in August.

Sep. 21 , 2016
SAIC Advertising and Propaganda expenses reached RMB 4.7b
SAIC Advertising and Propaganda expenses reached RMB 4.7b

Data shows that SAIC’s advertising and propaganda expenses reached RMB 4.74b in the first half of year, top of all domestic listed companies and two times of the total expenses of the runner-up five auto companies. But the proportion of above expense

Sep. 20 , 2016
C-class vehicles in August: New competitors may bring a changing market structure?
C-class vehicles in August: New competitors may bring a changing market structure?

With the launching of new long wheel base Benz E-class car, the new round competition between ABB opens its curtain. It’s noticeablethat Jaguar domestic XFL, the most popular challenger, is quite possible to stand out from second-tier premium brands.

Sep. 19 , 2016
Passengers: Didi Has Raised Price of Taxi Service by 10% in China
Passengers: Didi Has Raised Price of Taxi Service by 10% in China

Acquisition of Uber China has led to increase in price in Taxi service provided by Didi Chuxing, which may be from 5% to 10%, as some passengers have complained.

Sep. 19 , 2016