Market & Industry
China’s auto output, sales rise YoY but drop MoM in April 2024
China’s auto output, sales rise YoY but drop MoM in April 2024

In April 2024, there had been 2.406 million vehicles produced in China, representing a 10.5% decline from the previous month but a 12.8% rise from the previous year, according to data from the China Association of Automobile Manufacturers (CAAM).

May 11 , 2024
DreamSmart Group announces new executive team, former CEO Shen Ziyu not included
DreamSmart Group announces new executive team, former CEO Shen Ziyu not included

Geely-associated DreamSmart Group recently unveiled its new executive team on its official website. Former Chairman and CEO of DreamSmart Group, Mr. Shen Ziyu, is notably absent from the new executive lineup.

May 11 , 2024
AVATR’s third model officially named AVATR 07
AVATR’s third model officially named AVATR 07

On May 10, AVATR, the premium new energy vehicle brand jointly developed by Changan Automobile, Huawei, and CATL, announced its third production model was officially named the AVATR 07.

May 10 , 2024
HYCAN ships first batch of cars overseas
HYCAN ships first batch of cars overseas

Recently, HYCAN, a Chinese new energy vehicle maker partly backed by GAC Group, officially dispatched its first batch of exported cars from Hangzhou.

May 9 , 2024
Honda Motor's China retail sales drop 22.18% YoY in April
Honda Motor's China retail sales drop 22.18% YoY in April

In April 2024, Honda Motor retailed 73,831 vehicles across China, marking a year-on-year decrease of 22.18%, according to the Japanese automaker's official data.

May 9 , 2024
​Nissan Motor posts 10.43% YoY dip in Apr. China sales
​Nissan Motor posts 10.43% YoY dip in Apr. China sales

On May 8, Japanese automaker Nissan Motor announced its performance for April in China. The company’s total sales, including both passenger vehicles and light commercial vehicles, reached 54,921 units in the world's largest auto market.

May 9 , 2024