AUTO SALES IN CHINA ROSE 36.6 PERCENT IN JAN-MARCH PERIOD

Highlights –

• Auto sales in China rose 36.6 percent in the Jan-March period.
• Sales of passenger vehicles increased 38.1 percent year on year.
• Auto sales totaled 2.13 million units in May alone.
• NEV is expected to represent 2...

CHINA TO INVEST IN HAINAN PROVINCE’S GAMING, AEROSPACE, NEV SECTOR

Highlights –

• China to invest in Hainan province’s gaming, aerospace, NEV sector.
• China plans to build a testing ground in the province for economic reforms.
• China gave the status of a “free trade port” to Hainan last...

CHINA EVERGRANDE GROUP TO SELL 10% OF FCB TO 17 INVESTORS

Highlights –

• China Evergrande Group to sell 10% of FCB to 17 investors.
• The company’s online real estate and automobile marketplace will be sold for $2.10 billion.
• The company is doing so to raise funds ahead of the unit’s...

Sales drop by 34%for new energy vehicle launched by china

New energy vehicle sales in China, the world’s largest automobile market, fell for the third month during a row as retardation within the overall market expands to electrical vehicles following cuts in government subsidies.

Sales of NEVs — that embrace hybrids and totally el...