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Anti-Korean sentiment hinders Hyundai’s sales growth in China

Hyundai has maintained its rapid pace of sales growth in China last year, which accounted for over a quarter of Hyundai’s overseas sales. The South Korean brand sold 1.14 million units to Chinese consumers in 2016, exceeding the early sales target of 1.12 million, which broke through the million-unit plateau

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BAIC Group executive adjustment for better management and development

BEIJING – Li Feng, Party standing committee member of Beijing Automotive Group Co., Ltd. (BAIC Group), will concurrently work as secretary of the Party committee and dean of BAIC Group New Technology Research Institute and assist Xu Heyi, chairman of BAIC Group, for the management of BAIC Motor Corp., Ltd.

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Head of Qoros says brand to stand on its own – but will it all arrive in time? (II)

It was a shining moment for Qoros Automotive when the Qoros 3 made its global debut at the Geneva Motor Show in 2013 before officially hitting the Chinese market later that year. But that aura has not translated to sales. Despite selling 14,000 vehicles in 2015 that represented a 170

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Survey: luxury car owners experience more problems in ACEN technology

SHANGHAI – Compared with mass market vehicle owners, luxury car owners experience more problems in aspect of audio, communication, entertainment and navigation (ACEN) system, according to the J.D. Power 2015 China Initial Quality Study (IQS) released on October 30. The 2015 China Initial Quality Study (IQS), fielded from April to

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Multinationals pessimistic about the China market

“Overcapacity and insufficient demand will be a long-term phenomenon in China,” Shen Jinjun, director of China Automobile Dealers Association (CADA), was quoted as saying in a signed article published by Jingji Guancha Bao or Economic Observer. Given the current situation, multinational OEMs in China are forced to lower their 2015

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Shanghai-GM announces major price cut

SHANGHAI – Shanghai-GM announced a price cut for its Buick, Cadillac and Chevrolet brand vehicles on May 12, becoming the fifth joint venture which started vehicle price reduction in China after Shanghai-Volkswagen, FAW-Volkswagen, Chang’an-Ford and Beijing-Hyundai. Information on Shanghai-GM’s price cut campaign is included in the following table. Price reduction

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