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Gasgoo.com (Shanghai September 2) - This Monday marked the first day that new energy vehicles are exempted from the vehicle purchase tax. According to a report appearing to the Securities Times, orders for new energy vehicles have soared through the roof this week. New energy vehicle sales are expected to have undergone a new wave of growth by the end of the year.
Sep. 9 , 2014Gasgoo.com (Shanghai) - Now the world's largest automobile market, China has long since been a major part of Volkswagen's global strategy and a major source of its total profits. The Chinese market also possesses great potential for growth, with sales and profits increasing on a daily basis. VW's performance figures over the last few years provides a good example of the rapid growth of the market.
Aug. 12 , 2014Gasgoo.com (Shanghai) - The Chinese passenger automobile market has managed to maintain rapid sales growth during the first half of 2014. A total of 8.87 million automobiles were sold in China over the first six months of the year; that figure represents positive year-on-year growth of 14.8 percent. However, while a few major automobile manufacturers have reported high growth rates, there are still several manufacturers whose performances are a little worrying.
Aug. 12 , 2014