Market & Industry
Changan Auto to build 2 to 3 manufacturing bases overseas by 2025
Changan Auto to build 2 to 3 manufacturing bases overseas by 2025

Changan Auto unveiled its new energy vehicle brand Shenlan (meaning deep blue in English), and its goal to vigorously expand its new energy, intelligent, and overseas influences at the Changan Automobile Global Partner Conference on April 13th.

Apr. 13 , 2022
China imported PV deliveries drop 14.4% YoY in Jan.-Feb. 2022
China imported PV deliveries drop 14.4% YoY in Jan.-Feb. 2022

For the first two months of 2022, there were 130,488 imported passenger vehicles (PVs) delivered across China, representing a 14.4% decrease year-over-year.

Apr. 13 , 2022
Dongfeng Motor Group to acquire Dongfeng Peugeot Citroen Auto Finance Company in whole
Dongfeng Motor Group to acquire Dongfeng Peugeot Citroen Auto Finance Company in whole

On April 12th, Dongfeng Motor Group Co., Ltd. (DFM) announced that the company has struck a deal to acquire a 75% of stake in Dongfeng Peugeot Citroen Auto Finance Co., Ltd. (DPCAFC) from PFN and Dongfeng Peugeot Citroen Automobile (DPCA).

Apr. 13 , 2022
Great Wall Motor issues price rise on WEY-branded vehicles
Great Wall Motor issues price rise on WEY-branded vehicles

On April 12th, Great Wall Motor announced that its WEY brand will see a price increase on its coffee lineup from RMB5,000 to RMB12,000 ($785 to $1,885) depending on trims.

Apr. 12 , 2022
Honda, Nissan, Mazda posts 2-digit drop in Mar. China sales, but Toyota gains growth
Honda, Nissan, Mazda posts 2-digit drop in Mar. China sales, but Toyota gains growth

Toyota Motor (“Toyota”) logged the smallest drop in its first-quarter China sales thanks to the positive impetus it gained in both February and March.

Apr. 12 , 2022
SGMW’s Wuling Jiachen MPV comes off production line
SGMW’s Wuling Jiachen MPV comes off production line

On April 12, SAIC-GM-Wuling (SGMW), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, saw the first batch of Wuling Jiachen MPVs roll off the production line.

Apr. 12 , 2022