ill increase investment on new cars and adjust their development strategies.
The auto industry has entered into high-quality developing stage. The Great Wall will phase
out more low-end products and push more new cars, said Wei Jianjun, president of Great Wall M
MC’s revenue showed a decline of 9.88 percent year-on-year to 28.25 billion yuan in 2
018, and the net profits attributable to shareholders was 92 million yuan, slumping 86.71 percent.
FAW Car said its revenue was 26.24 billion yuan last year, down 5.94 percent from a year e
arlier, and the net profits attributable to shareholders was 155 million yuan, sliding 44.88 percent.
otors.This year, Geely will focus on enhancing market sh
are in response to the market’s uncertainties, An Conghui, president and CEO of Geely Auto Group, said.
In 2019, Geely will launch six new models and 10 facelifts, National Business Daily said.