Hong Kong-listed automakers’ market value halves this year: CPCA
Hong Kong-listed automakers had a combined market value of 870 billion yuan ($129 billion) in September, down 11% month-on-month and down by half year-on-year, the China Passenger Car Association said…
BRIEF: Geely acquires stake in Renault Brazil, gains local resources
Geely Automobile Holdings Ltd. (0175.HK) and its parent, Geely Holding Group, have agreed to acquire 26.4% of the Brazilian unit of French carmaker Renault SA(RNO.PA), which will share its production…
BRIEF: Wuling Motors profit soars on cost controls, government subsidies
Automaker Wuling Motors Holdings Ltd. (0305.HK) said on Wednesday it expects to report its profit jumped 79% last year to 42 million yuan ($5.78 million) from 23.47 million yuan in…
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