China’s Vehicle Inventory Alert Index stood at 56.1% in June 2021, edging down 0.7 percentage points from the previous year, while climbing 3.2 percentage points from the previous month, according to the CADA.
Jul. 1 , 2021
A 50/50 joint venture between Japanese automaker Toyota and Chinese hydrogen fuel cell engine developer SinoHytec was set up on June 28, signifying that the agreement both parties signed in March of this year has been firmed up.
Jul. 1 , 2021
The industry-wide chip shortage is likely to be alleviated in late July and the chip supply will basically get back to normal in the third or fourth quarter of this year, SAIC Motor’s Chairman Chen Hong said on June 30.
Jun. 30 , 2021
Among the top 10 locally-made PV models by May wholesales, there were eight car models and only two SUV models.
Jun. 28 , 2021
On June 24, Chinese EV startup NIO founded an intelligent driving technology subsidiary, whose legal representative is Qin Lihong, co-founder and president of NIO.
Jun. 28 , 2021
On June 26, Dongfeng Motor set up an independent company for its premium electric vehicle (EV) brand VOYAH, dubbed VOYAH Auto Technology Co.,Ltd., signifying that VOYAH will start operation independently.
Jun. 28 , 2021