Search Results for "Chinese"

Gasgoo.com (Shanghai) - The Chinese automotive market has seen previously high growth rates fall in 2015, with negative growth being reported in certain months. However, on the whole the market still managed to achieve positive year-on-year growth over the first three quarters of the year. The majority of domestic own brand automotive manufacturing enterprises have achieved positive year-on-year growth over the first three quarters of the year, with BYD seeing its net profits over quintuple from the previous year. At the other end of the spectrum, FAW Xiali saw its net deficit decrease even further.

On November 10th 2015, leaders from eight Chinese industry giants inked their names on a multi-party declarationto promote “Car-Share 4.0” project during a strategic press conference held in Xixi valley, a new high-tech park in Hangzhou, China.

Gasgoo.com (Shanghai) - As the total number of automobiles on Chinese roads continues to increase, it has become an inevitable fact that market growth will also drop off. In spite of this, it was unexpected by many that market growth rates would fall as far as they did this year. Earlier this year, the China Association of Automobile Manufacturers revised its sales growth forecast for 2015 from 7% down to just 3%. The sedan segment has been pointed out in particular for slowing the overall market down.