Industry

Chinese auto parts firms see growth in net income

Sixty-one Chinese auto parts companies recently announced forecasts for their performance in 2016. Over 90 percent of them registered growth in net income, with only six predicting a YOY slip.

Landscape of Chinese premium car market changes

Mercedes-Benz dethroned Audi as the king of premium cars in China in January. BMW came second with sales of 51,300 cars.

Rise of online evaluation platforms to push up used car sales

The rise of car evaluation companies is expected to give a strong boost to used car sales based on their vast databases.

German giants do battle in luxury sector

Audi, BMW and Mercedes-Benz consolidated their top-three positions in China's premium car market, accounting for 72.5 percent of the top 10 brands' total sales.

Eight new cars to hit market this week

Eight new cars will come into the market this week. Among them include the all-new BMW 1 Series Sedan, new Buick GL8, BYD Tang 100, Qin 100, new Chevrolet Camaro RS, and new Land Rover Discovery.

Guangzhou to ban 'yellow label' cars from road

"Yellow label" vehicles will be banned from the road in southern China's Guangzhou city starting May 1.

Beijing to switch to Beijing VI standard-compliant fuel on March 1

Beijing will start using fuel compliant with the city's VI standard on March 1.

Companies

BAIC BJEV plans to get listed in 2018

BAIC BJEV is planning to get listed in 2018, aiming to be the first NEV stock on China's securities market.

UCAR gains 7 bln yuan of strategic investment

UCAR secured more than 7 billion yuan (1.02 billion US dollars) of strategic investment in a new financing round, said the company's Chairman and CEO Lu Zhengyao.

Tesla's China sales triple to over $1 billion

Tesla's revenue from China more than tripled to 1.07 billion US dollars last year, rekindling faith that the country will eventually become the company's biggest market as predicted by Tesla boss Elon Musk.

Baidu restructure focuses on intelligent driving

Search engine Baidu has announced it will establish an intelligent driving group, headed by company president and artificial intelligence expert Lu Qi.

Geely, Proton likely to reach a deal by June

Zhejiang Geely Holding Group and Proton Holdings Bhd are expected to enter into a deal by June, with an agreement expected to be inked in April as the soonest.

NEVs to account for 20-25 pct of Skoda's total sales by 2025

New-energy vehicles will account for 20 percent to 25 percent in Skoda's total vehicle sales by 2025, according to the marque's development plan.

Email: lansuying@nbd.com.cn