Market & Industry
Huawei, JAC Group said to build million-yuan-level luxury electric vehicle
Huawei, JAC Group said to build million-yuan-level luxury electric vehicle

Chinese ICT giant Huawei and legacy automaker JAC Group are reportedly teaming up to produce a luxury pure-electric vehicle model with a price range of about 800,000 yuan to 1 million yuan ($122,000 to $153,000), according to a local media outlet.

Apr. 14 , 2023
Gasgoo Daily: ZEEKR partners with Intel on automotive intelligence development
Gasgoo Daily: ZEEKR partners with Intel on automotive intelligence development

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Apr. 13 , 2023
BENTELER, BHAP to build joint factory for automotive chassis business
BENTELER, BHAP to build joint factory for automotive chassis business

BENTELER Investment (China) Co., Ltd. (“BENTELER”) and Beijing Hainachuan Automotive Parts Co., Ltd. (“BHAP”) recently signed an agreement to jointly build a factory in Beijing, according to a post on BENTELER’s WeChat account.

Apr. 13 , 2023
China's new energy vehicle market remains robust in Mar. 2023
China's new energy vehicle market remains robust in Mar. 2023

In March alone, China produced 2.584 million vehicles in total, which jumped 27.2% over the previous month and 15.3% over the previous year, respectively, according to the China Association of Automobile Manufacturers (CAAM).

Apr. 11 , 2023
Toyota, Honda, Nissan continue to struggle with sales slump in China in Mar. 2023
Toyota, Honda, Nissan continue to struggle with sales slump in China in Mar. 2023

The three major Japanese automakers, namely, Toyota Motor, Honda Motor, and Nissan Motor all encountered a double-digit decline in their March sales for the Chinese market compared to the same period last year.

Apr. 11 , 2023
China’s locally-produced passenger vehicle retail sales tick up YoY in Mar. 2023
China’s locally-produced passenger vehicle retail sales tick up YoY in Mar. 2023

China's passenger vehicle (PV) retail sales amounted to 1.587 million units in Mar. 2023, edging up 0.3% from the previous year, while also jumping 14.3% from the previous month, according to the China Passenger Car Association.

Apr. 10 , 2023