Search

Gasgoo.com (Shanghai) - According to statistics compiled by Gasgoo.com (Chinese), a total of 610,776 SUVs were sold in China in the month of April, up 30.7% from the previous year. SUVs accounted for 36.0% of all vehicles sold in the country over the course of the month, compared to an overall market share of 29.7% last April. A total of 2.57 million SUVs have been sold over the first four months of the year, representing year-on-year sales growth of 46.2%.

GAC Group planned to spend around ¥3.571 billion to buy the remaining 49% stake in GAC Gonow, which was a joint venture co-owned by GAC and Gonow, and make it an wholly-owned subsidiary of the group, according to an announcement released by the company on March 18th. Besides, GAC group has confirmed that the new Gonow will focus on the development of several new sedan and SUV models, and later renamed the company to GAC Group Passenger Vehicles (Hangzhou) company. However, shortly after the group’s purchase an

On June 6th, the 2016 (7th) global auto forum opens in Chongqing Yuelai International Convention Center. Considering such factors as the unbalanced global economic recovery and China’s new normal Economy, the theme of forum is set as “Strategic Fulcrum of the new round industrial development and China’s opportunity: “13th-five” plan and Made in China 2025”.