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China’s premium car market in 2017: Sales top 2.57 million units, some dealers earn more than £¤100 million

Who was the winner? It depends In December 2017, 12 premium car brands sold 247,375 vehicles in China, up 23.4 percent year-on-year and 4 percent more than the previous month. Total sales for 2017 were 2,574,689 units, up 18.4 percent. In 2018, the premium car market is expected to continue

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Geely H1 2017 profit up 128 percent to £¤4.344 billion, revenues up 118 percent

HANGZHOU, Zhejiang – Geely Automobile Holdings Ltd., the Hong Kong-listed subsidiary of Geely Holding Group, said on August 16 its profits for the first half of 2017 rose 128 percent to ¥4.344 billion on revenues of ¥39.424 billion, which was up 118 percent. The company attributed the rise in both

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Porsche to prioritize customer and dealer satisfaction over volume growth in China

BEIJING – Quality, rather than volume, will be the primary focus of Porsche in China this year as the German sports car brand seeks to maintain momentum in what is now its largest global market two consecutive years running. That was the message from Franz Jung, president and CEO of

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Listed lithium battery companies report surge on H1 2016 revenues and profits

BEIJING – According to a China Securities Journal’s report, as of August 22, among the 53 listed lithium battery companies, 46 had disclosed their H1 performance forecasts, and 35 reported growth on net profit, while 15 predicted at least 100 percent growth on profit. Statistics shows 23 lithium battery companies

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Heavy-duty truck market likely to achieve positive growth this year

The long depressing Chinese heavy-duty truck market witnessed a solid start in the first quarter this year. According to the latest statistics of China Association of Automobile Manufacturers (CAAM), output and sales of heavy-duty trucks in the first quarter reached 154,900 and 147,100 units respectively, up 0.02 and 9.3 percent

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