Gonow marries GAC

(Gonow’s GS1 model) Gonow Auto Co., Ltd., a Zhejiang-based, private-owned automaker, marries GAC, or Guangzhou Automobile Group Co.. On April 26, a ceremony was hold in Hangzhou, Zhejiang, to officially seal the deal. GAC will have a stake of 51% in the restructured company, now called GAC Gonow, and Gonow 49%. Analysts point out that […]

Domestic Brands Losing SUV Market

Facing fierce competition from foreign-owned, global brands, the home-grown Chinese auto industry, which is still coming of age, has shown surprising resilience. In the first three months of this year, native automakers held a near 50% share of China’s passenger vehicle market, selling 1.75 million units. However, this number looks less assuring if one considers […]

Best Sellers in March

Chinese auto sales continued to soar in March, reaching a new monthly high in history with a total of 1.735 mn vehicles sold. Passenger vehicle sales reached 1.265 mn, posting a staggering 63% increase from the year-earlier level. Sedan sales totaled 849,700; SUV sales 104,000. Here are the top 10 best-selling sedans and SUVs in […]