Uxin gets new cash injection as its used car superstores gain speed
The company said it closed a deal first announced last September to sell new stock to shared ride operator Dida for $7.5 million Key Takeaways: Uxin has received $7.5 million…
BRIEF: BMW partner Brilliance Auto’s profit tumbles 60%
Automaker Brilliance China Automotive Holdings Ltd. (1114.HK) said on Sunday its profit last year fell 60%, mainly due to weak performance of its joint venture with German auto giant BMW…
BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
Concurrent restructuring plans announced by car-making listed units of Dongfeng Motor Corp. and China South Industries Group have led to speculation that the two large state-owned automakers may be preparing…
BRIEF: Guangzhou Auto’s sales, output plunge in October
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) said on Thursday it sold 185,800 vehicles in October, down 17.23% year-on-year, with sedan sales plummeting 23.65%. Its production volume for the month…
Cango builds up global capabilities in search of new direction
The car trader’s export-oriented AutoCango.com site is rapidly building up traffic, logging 370,000 page views since its launch in March Key Takeaways: Cango is aggressively building up a customer base…
INDUSTRY BRIEF: China’s car sales fall in August as NEVs outpower gas vehicles
Chinese car sales fell 1.1% in August to 1.92 million units, marking a fifth straight month of declines, Reuters reported on Monday, citing new data from China Passenger Car Association…
Cango jumps on China car export bandwagon with focus on used vehicles
The car trader’s export-focused Autocango.com site, which launched in March, had more than 20,000 registered users in 207 countries and regions at the end of August Key Takeaways: Cango’s used…
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BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
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BRIEF: Guangzhou Auto’s sales, output plunge in October
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