- China’s new vehicle sales in 2020 projected to drop 2%, CAAM
China’s auto sales in 2020 are forecasted to slide 2% year on year to around 25.31 million units, Xu Haidong, an assistant to the secretary-general of the China Association of Automobile Manufacture...
Dec. 17 , 2019
- FAW Car expects annual profit growth of 105 mln yuan after two assets transfer
FAW Car, a subsidiary of FAW Group, transferred its assets in economic development zone of Changchun to a stamping dies company dubbed Zhisheng in the capital of Jilin for 81.2 million yuan ($11.5 mil...
Dec. 13 , 2019
- Top 10 homegrown PV, car, SUV models for China by Nov. wholesale volume
Automakers in China sold 2,075,266 locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) last month, down by 4.7% over a year ago.
Dec. 12 , 2019
- China to introduce 27 new imported models from Q4, 2019 to end-2020
From the fourth quarter to the end of 2020, there will be 27 new imported models launched to China’s market, the lowest figure for the recent seven years, according to a report released by Sinomach ...
Dec. 02 , 2019
- XPENG Motors teams up with Alipay on in-car payment function
On November 26, XPENG Motors entered into a cooperation agreement with Alipay, a dominant mobile payment platform in China operated by Alibaba Group Holding, to offer the latter’s payment applicatio...
Nov. 27 , 2019
- Premium auto brands still defy downward market trend in October
A turnaround in national auto sales growth is unlikely in the short term, while most premium carmakers still performed better than a year ago.
Nov. 20 , 2019
- Top 10 China’s locally-produced PV, car, SUV models by Oct. wholesale volume
There were six car models on the top 10 PV model list by Oct. wholesale volume, two models less than that of September.
Nov. 13 , 2019
- Startup NIO launches used car services
NIO formally launched the used car service feature on November 4 as the high-profile Chinese startup determines to differentiate itself from peers.
Nov. 06 , 2019
