Industry

China punishes 7 automakers for green subsidy breaches

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

Proprietary auto brands eye big 2017 

Booming sales in 2016 give proprietary auto brands strong confidence. Companies like Chery and SAIC have announced ambitious sales targets for 2017, far higher than the CAAM's expectation.

China's auto finance assets see 70-fold rise in a decade 

China's automotive finance assets saw a 70-fold increase from 6.27 billion yuan (913.94 million US dollars) in late 2005 to 419.06 billion yuan (61.08 billion US dollars) at the end of 2015.

Gree gets closer to car manufacturing plan

It appears that Dong Mingzhu's dream of making cars will come true in Tianjin following the signing of an agreement between Gree Electric, Zhuhai YinLong, and Tianjin municipal government.

Jan. sales of eight Chinese auto manufacturers 

Eight Chinese auto companies, including SAIC Group, DFG, and Geely, have announced their vehicle sales for January. Of these companies, Geely reported the highest year-over-year growth.

Green subsidies to be granted to charging facilities

China is expected to grant green subsidies to charging facilities to further drive the development of new-energy vehicles.  

China becomes world's largest NEV market in 2016 

China delivered around 507,000 NEVs in 2016, overtaking the US to become the world's largest NEV market by sales.

Companies

Recall of imported Jaguar XF begins

Jaguar Land Rover on Monday began recalling the 2013-2015 imported Jaguar XF cars over potential fire risks.

Appetite for Cadillac boosts GM prospects

General Motors Co is firing on all cylinders, selling 10 million cars in a year for the first time, and riding a big gain in China with record sales for Cadillac.

Great Wall Motor earns 10.5 bln yuan last year 

Great Wall Motor gained 10.5 billion yuan (1.5 billion US dollars) in net profits in 2016, up 30.87 percent over the previous year, the company's fiscal report shows.

BMW sales top 500,000 cars in China for the first time

BMW sales in China surpassed 500,000 cars for the first time ever in 2016, driven by the launch of a series of new models.

Beijing issues first online ride-hailing platform license

China's car-hailing platform Shouqi Limousine and Chauffeur Wednesday received the first online car-hailing platform business license issued by Beijing transport authorities.

Mercedes-Benz likely No. 1 in China's premium car sector in Jan.

Mercedes-Benz is expected to secure the top spot in China's premium car segment in January, with its sales reaching a record 58,800 cars.

Changan Ford sales slip to 70,000-plus cars in Jan.

Changan Ford's vehicle sales shrank 38 percent year-over-year to 70,238 units in January, partly because of the tax cut on small cars.

 

Email: lansuying@nbd.com.cn