Market & Industry
FAW inks MoU with Volkswagen Group for import of CKDs, complete vehicles
FAW inks MoU with Volkswagen Group for import of CKDs, complete vehicles

At the 3rd China International Import Expo (CIIE), China FAW Group, the Changanchun-based state-owned automaker, signed a memorandum of understanding (MoU) about import business with German auto giant Volkswagen Group.

Nov. 5 , 2020
Changan Auto records YoY sales growth for 7th month in a row
Changan Auto records YoY sales growth for 7th month in a row

Chongqing Changan Automobile Co., Ltd. (Changan Auto) gained a 29.65% year-on-year growth by selling 212,640 vehicles last month. As of Oct., the automaker had achieved increase for the seventh month in a row.

Nov. 5 , 2020
BYD sees NEV sales shoot up 84.75% YoY in Oct.
BYD sees NEV sales shoot up 84.75% YoY in Oct.

BYD’s new vehicle sales reached 47,732 units in Oct., jumping 16.05% year on year and rising 13.15% month on month.

Nov. 5 , 2020
Changan Auto boasts 230.98% year-on-year surge in Q1-Q3 net profit
Changan Auto boasts 230.98% year-on-year surge in Q1-Q3 net profit

Chongqing Changan Automobile Co., Ltd. said its net profit attributable to shareholders amounted to 3.486 billion yuan ($520.318 million) for the first three quarters, shooting up 230.98% over a year ago.

Nov. 3 , 2020
NIO Inc. Provides October 2020 Delivery Update
NIO Inc. Provides October 2020 Delivery Update

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its October 2020 delivery results.

Nov. 3 , 2020
Wait time for homegrown Model 3s extended to 4-6 weeks in China
Wait time for homegrown Model 3s extended to 4-6 weeks in China

The wait time for China-made Model 3s has been extended to four to six weeks from the previous one to two weeks for consumers in the Chinese Mainland, according to Tesla’s China official website.

Nov. 2 , 2020