Market & Industry
Faraday Future’s Jia Yueting sued by State Grid branch
Faraday Future’s Jia Yueting sued by State Grid branch

Billionaire Jia Yueting, the founder of Faraday Future Intelligent Electric Inc., is facing another financial lawsuit filed by Yingda Capital Management Co., Ltd., according to the Chinese corporate registry platform Qichacha.

Oct. 13 , 2021
Gasgoo Daily: Tesla annual vehicle production to reach 20 million vehicles
Gasgoo Daily: Tesla annual vehicle production to reach 20 million vehicles

With Gasgoo Daily, we will offer important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Oct. 13 , 2021
General Motors Q3 China sales drop, only Wuling sales growing
General Motors Q3 China sales drop, only Wuling sales growing

Wuling was the only brand with year-on-year growth in the quarter.

Oct. 13 , 2021
China’s car parc amounts to 297 million units by end of Sept. 2021
China’s car parc amounts to 297 million units by end of Sept. 2021

China’s motor vehicle parc amounted to roughly 390 million units by the end of September 2021, of which 297 million units were automobiles, according to China’s Ministry of Public Security (MPS).

Oct. 12 , 2021
SAIC Motor becomes direct shareholder of  Iveco's joint venture in China
SAIC Motor becomes direct shareholder of Iveco's joint venture in China

Nanjing Iveco Automobile Co.,Ltd. (Naveco), a Nanjing-based company principally engaging in manufacturing light-duty commercial vehicle, recently introduced SAIC Motor as a director investor, according to Tianyancha.

Oct. 12 , 2021
China vehicle sales down by 19.6% YoY in September
China vehicle sales down by 19.6% YoY in September

China’s new vehicle sales fell 19.6% from a year ago to 2.067 million units in September, according to the China Association of Automobile Manufacturers (CAAM).

Oct. 12 , 2021