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  • Earnings of China's major automaker up 26 pct in 2021

    Great Wall Motor, China's leading sport utility vehicle and pickup manufacturer, saw rising profit last year amid booming sales, the company said Sunday in an earnings estimate.

    January24,2022


  • China's leading automaker FAW posts strong sales growth

    First Automotive Works (FAW) Group Co., Ltd., China's leading automaker, sold 314,454 vehicles in August, up 14 percent year on year, according to corporate sources.

    September09,2020


  • China's automaker Geely 2019 net profit slides 35 pct on yr to RMB8.3 billion

    Chinese automake Geely Automobile Holdings Ltd (HK.0175) (Geely Auto) on Monday reported a 35 percent year-on-year decline in its net profit in 2019, which came to 8.3 billion yuan.

    April01,2020


  • Mercedes-Benz recalls vehicles in China over defective catalytic converter

    German carmaker Mercedes-Benz has started recalling 302 automobiles in China due to problematic catalytic converters, according to China's market regulator.

    August05,2019


  • China's automaker Chery plans to further improve products, brand, distribution and service

    China's automaker Chery recently announced plans to further improve its performance in the second half of 2019 in the aspects of products, brand, distribution and service.

    July30,2019


  • Chinese electric automaker Nio recalls 4,803 vehicles

    Chinese electric vehicle maker Nio Inc. will recall 4,803 automobiles from the Chinese market starting Thursday, according to the country's top quality watchdog.

    June28,2019


  • Chinese, European automakers set up joint platform for manufacturing premium EVs in China

    Austrian automaker Magna Steyr and Chinese electronic vehicle maker Beijing Electric Vehicles (BJEV) on Tuesday celebrated the opening of a new development center.

    January18,2019


  • U.S. automakers see great opportunities in China

    U.S. automakers saw great opportunities in Chinese market as the trade issue between China and the United States appears to be moving into a new, calmer phase, automotive executives have told Xinhua at the ongoing North American International Auto Show.

    January17,2019


  • China's largest SUV maker sales down in 2018

    Great Wall Motor Co. Ltd., China's largest sport utility vehicles (SUV) and pickup maker, sold more than 1.05 million vehicles in 2018, down 1.6 percent year on year.

    January10,2019


  • Chery wins award for its best overseas image again

    China's automaker Chery won the best overseas image award in 2018 for the third time, with it ranking fifth in the list of the top 20 Chinese enterprises with the best overseas image.

    December20,2018


  • Chery wins award for its best overseas image again

    China's automaker Chery won the best overseas image award in 2018 for the third time, with it ranking fifth in the list of the top 20 Chinese enterprises with the best overseas image.

    December20,2018


  • BMW to hold the majority of the stake in BBA

    The German carmaker BMW Group will become the largest shareholder of the joint venture BMW Brilliance Automotive (BBA), according to Brilliance China Automotive Holdings (BCAH).

    October12,2018


  • Italy's Ferrari launches new "icon" models, as part of 5-year strategy plan

    Italian luxury automaker Ferrari launched two new car models here on Tuesday, as part of a mid-term strategy plan unveiled on occasion of the company's Capital Markets Day.

    September20,2018


  • Italy's Ferrari announces 15 new cars in 5-year business plan

    Italian luxury automaker Ferrari would put 15 new cars on the market by 2022, including hybrid models that would concern up to 60 percent of its production, the company revealed on Tuesday.

    September20,2018


  • Daimler welcomes long-term shareholder from China

    While confirming that Chinese entrepreneur Li Shufu, Chairman of Geely, has acquired 9.69 percent of the Daimler AG shares, the German automotive manufacturer said in a press information sent to Xinhua that it welcomes the new long-term shareholder.

    February26,2018


  • Lincoln brings quiet luxury to China

    U.S. automaker Lincoln has unveiled two models at the Shanghai auto show as part of its commitment to offering Chinese customers more diverse products and enhanced personalized ownership experiences.

    April21,2017


  • Tesla to raise more than USD1 bln for producing new electric car

    Tesla Motors, Inc. said Wednesday it plans to offer 250 million U.S. dollars worth of common stock and 750 million dollars in convertible notes due in 2022, to help finance its production of upcoming Model 3 electric car.

    March17,2017


  • Automakers post massive profit growth

    The majority of China's publicly listed carmakers witnessed a leap in their profit margins last year, boosted by large sales volumes and higher pricing strategies linked to fresh lineups.

    February20,2017


  • Chinese automaker gaining ground in Ecuador: report

    A Chinese car brand is gaining market shares in Ecuador, the daily El Comercio reported on Sunday.

    February06,2017


  • China punishes 7 automakers for green subsidy breaches

    The Ministry of Industry and Information Technology (MIIT) has cut subsidy qualifications for seven Chinese automakers over subsidy cheating.

    February06,2017


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