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Gasgoo.com (Shanghai) - China is now entering a new era where small SUVs rule the market. Smaller SUVs are becoming more and more popular among Chinese buyers. As a result, an increasing number of enterprises are introducing small SUV models, making the market all the more competitive. According to statistics from Gasgoo.com (Chinese), small SUV sales in China jumped 88.4% from just 56,527 units last July to 106,500 units this July. A total of 918,600 small SUVs have been sold over the first seven months of the year, representing positive year-on-year growth of 156.2%. Small SUV sales now account for 29.6% of all passenger automobiles sold in the country.

Gasgoo.com (Shanghai September 2) - FAW Car has released recently half year fiscal report that revenue dropped 13.39 percent from a year earlier to 13.8 billion yuan in the first half. Net income attributed to the shareholders of listed companies slumped 48 percent.