Market & Industry
Chery Holding says export volume leaps 23.3% YoY in September
Chery Holding says export volume leaps 23.3% YoY in September

Chery Holding said its new vehicle sales in September reached 69,075 units, of which 10,565 vehicles were exported to overseas markets, representing a 23.3% year-on-year growth.

Oct. 9 , 2020
Changan Auto achieves YoY sales growth for six straight months
Changan Auto achieves YoY sales growth for six straight months

With 205,543 vehicles sold, Chongqing Changan Automobile Co., Ltd. (Changan Auto) reported a 28.65% year-on-year leap in Sept. sales, achieving growth for six consecutive months.

Oct. 9 , 2020
Geely Auto completes 66% of revised 2020 sales target as of Sept.
Geely Auto completes 66% of revised 2020 sales target as of Sept.

Geely Automobile Holdings Limited (called “Geely Auto” for short) and its subsidiaries sold a total of 126,365 new vehicles in September, an increase of roughly 11% from the year-ago period and up around 11% from the previous month.

Oct. 9 , 2020
NIO to plow $600 million in expanding equity interest in NIO China
NIO to plow $600 million in expanding equity interest in NIO China

On September 25, 2020, NIO Inc. (“NIO” or the “Company”), through its wholly owned subsidiary, signed an agreement to subscribe for the newly increased capital of NIO (Anhui) Holding Co., Ltd. at a subscription price of $600 million.

Sep. 30 , 2020
China’s Jan.-Aug. imported auto volume drop 26.6% year on year
China’s Jan.-Aug. imported auto volume drop 26.6% year on year

For the first eight months of 2020, China imported a total of 515,000 vehicles (including chassis), posting a year-on-year decrease of 26.6%, and saw the year-to-date import value of automobiles reach 172.42 billion yuan ($25.311 billion).

Sep. 29 , 2020
CATL, FAW’s power battery joint venture starts production
CATL, FAW’s power battery joint venture starts production

CATL-FAW Power Battery Co.,Ltd. (called “CATL-FAW” for short), a joint venture between the Chinese power battery giant CATL and automaker FAW Group, has been put into operation on September 28, according to a posting via CATL’s WeChat account.

Sep. 29 , 2020