Market & Industry
China's vehicle inventory alert index in May drops 9.6 percentage points MoM
China's vehicle inventory alert index in May drops 9.6 percentage points MoM

China's vehicle inventory alert index (“VIA”), which reflects the inventory pressure on automobile dealers, declined 9.6 percentage points month on month in May 2022, according to the China Automobile Dealers Association (CADA).

May 31 , 2022
Gasgoo Daily: BYD’s DENZA to launch concept SUV model
Gasgoo Daily: BYD’s DENZA to launch concept SUV model

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.

May 31 , 2022
China cuts vehicle purchase tax on some PVs to boost consumption
China cuts vehicle purchase tax on some PVs to boost consumption

On May 31st, China’s Ministry of Finance released an announcement on the policy of reducing the vehicle purchase tax on some of the passenger vehicles (PVs) in China.

May 31 , 2022
BYD scores over 140% YoY spike in April PV registrations, greatly driven by NEVs
BYD scores over 140% YoY spike in April PV registrations, greatly driven by NEVs

In April 2022, China's registrations of locally-made passenger vehicles ("PV") reached 969,092 units, but BYD weathered the general slowdown unscathed.

May 30 , 2022
Gasgoo Daily: NIO says order volume spikes in May in Shanghai
Gasgoo Daily: NIO says order volume spikes in May in Shanghai

With Gasgoo Daily, we will offer daily important automotive news in China.

May 30 , 2022
Li Auto to build power semiconductor R&D, production base in Suzhou
Li Auto to build power semiconductor R&D, production base in Suzhou

Li Auto inked an agreement a few days ago to build a power semiconductor R&D and manufacturing base in Suzhou Hi-Tech Industrial Development Zone (or Suzhou New District, called “SND” for short), Jiangsu province.

May 30 , 2022