Market & Industry
CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM
CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM

On May 9th, the China Banking and Insurance Regulatory Commission ("CBIRC") released on its official website a reply regarding the change of shareholders of 1 AN .COM, a Chinese property insurance company.

May 10 , 2023
Changan Automobile, Geely Holding forge strategic partnership
Changan Automobile, Geely Holding forge strategic partnership

Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") and Zhejiang Geely Holding Group (“Geely Holding”) signed a strategic cooperation framework agreement on May 9.

May 9 , 2023
China’s locally-produced passenger vehicle retail sales edge up 2.5% MoM in Apr. 2023
China’s locally-produced passenger vehicle retail sales edge up 2.5% MoM in Apr. 2023

China's passenger vehicle (PV) retail sales amounted to 1.63 million units in Apr. 2023, surging 55.5% from the previous year, while also ticking up 2.5% from the previous month, according to the China Passenger Car Association (CPCA).

May 9 , 2023
Great Wall Motor sees Apr. 2023 sales soar 73.14% YoY with all brands scoring growth
Great Wall Motor sees Apr. 2023 sales soar 73.14% YoY with all brands scoring growth

Great Wall Motor (“GWM”) said on Monday its monthly new vehicles sales surged 73.14% over a year earlier to 93,107 units in Apr. 2023, reversing the year-on-year downward movement for seven consecutive months ended Mar. this year.

May 9 , 2023
Geely Automobile sees Apr. 2023 sales zoom up 58% YoY
Geely Automobile sees Apr. 2023 sales zoom up 58% YoY

Geely Automobile Holdings Limited today announced its monthly auto sales came in at 113,642 units in Apr. 2023, surging 58% from the previous year, while also rising 3% from the previous month.

May 8 , 2023