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Gross profits of six China’s auto dealers in 2013 up 4.8 percent

BEIJING – Combined gross profits of six Chinese public-listed automotive dealers at their automobile sales in 2013 grew by 4.8 percent on a yearly basis to ¥7.702 billion ($1.232 billion) reported Gasgoo.com recently. Their combined revenues during the year reached ¥173.224 billion, up 5.9 percent. Average gross profit margin of

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Denza EV to go on sale in September as “safest EV in China”

  BEIJING – The Denza all-electric vehicle, produced by Shenzhen BYD Daimler New Technology Co., Ltd. (BDNT), will hit the market in September at a starting price of ¥369,000 ($69,492) before subsidies. BYD and Daimler, which formed BDNT four years ago as the first Sino-German joint venture dedicated to an

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Net profits of six PV dealers up 17.1 percent in H1 2013

BEIJING – Combined profits of six Chinese public-listed dealers, whose major business focuses are passenger vehicle distribution and related aftersales service, grew by 17.1 percent on a yearly basis to ¥1.512 billion ($246.9 million) in the first six months of the year, reported Gasgoo.com. Total revenues achieved by these dealers

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