Search Results for "Chinese"
This December 4th, Ministry of Industry and Information Technology of the People’s Republic of China(hereinafter referred as MIIT) announced a “clean-up list” of ninety-two “zombie companies” in automobile industry.
Dec. 14 , 2015It’s suspected that Chinese government may introduce a new round of subsidies for car purchase in rural areas of China in the near future. Several listed carmakers, including Changan, had sought confirmation from involved governmental apartments, while nothing had been confirmed yet.
Dec. 10 , 2015Gasgoo.com (Shanghai) - A total of 1.88 million passenger automobiles were sold in China in the month of October, 15.4% more than the 1.63 million sold the previous October. Growth was shared by both domestic own brand manufacturers and foreign-Sino joint venture enterprises. Sales of own brand passenger automobiles increased 27.1%. Passenger automobile sales of American and Japanese passenger automobiles increased 14.9% and 9.1%, while those of German and Korean automobiles growing 8.0% and 4.7%.
Dec. 7 , 2015Gasgoo.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.
Nov. 20 , 2015