Uxin drives deeper into the red as used car prices tumble
The company’s gross margin turned negative in the second quarter, as an intensifying price war among new car sellers spilled into used cars Key Takeaways: Uxin’s revenue and transaction volume…
Tuhu Car drives out of China garage with Australian acquisition
The world’s largest independent auto aftermarket services chain will pay nearly $200 million for an Australian peer, as it seeks to diversify beyond its anemic home market Key Takeaways: Tuhu…
China domestic car sales sink in August, as exports continue to surge
Car sales in China fell 23.7% in August, as manufacturers continued to aggressively sell their vehicles abroad to offset the weakness at home. Chinese carmakers sold 1.55 million vehicles during…
Keytop hits the skids less than two months after Hong Kong IPO
China’s ‘first smart parking stock’ reported double-digit revenue and profit declines in the first half of 2026, blaming project delays Key Takeaways: Keytop Parking reported its revenue fell 11.9% in…
BAIC Motor posts massive loss amid fierce competition
Automaker BAIC Motor Corp. Ltd. (1958.HK) on Tuesday warned it expects to report a loss of 1.55 billion yuan ($229 million) to 1.65 billion yuan for the first half of…
Autohome launches $400 million share repurchase program
Auto trading services provider Autohome Inc. (ATHM.US; 2518.HK) on Tuesday announced its board has authorized a new $400 million share repurchase program to support the company’s stock. The program took…
Geely, Ford form car-making joint venture in Spain
Geely Automobile Holdings Ltd. (0175.HK) announced on Thursday that it agreed to buy 34% of U.S. auto giant Ford’s (F.US) Spanish operation for 221 million euros ($251 million). Following the…
