Market & Industry
Car and City: October 2021 registrations of SERES SF5
Car and City: October 2021 registrations of SERES SF5

Insurance registrations of the SF5 totaled 1,926 vehicles in China in October, representing a jump of 72.4% compared with the previous month while the year-to-date registrations of the model stood at 5,150 vehicles this year.

Dec. 10 , 2021
China November auto sales down 9.1% YoY
China November auto sales down 9.1% YoY

By the end of last month, the country has sold 23.489 million vehicles this year, increasing 4.5% from a year ago.

Dec. 10 , 2021
Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors
Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors

The commercial vehicle subsidiary of BAIC Group, Foton, announced that its subsidiary Beijing Borgward received a court-ordered seizure for its RMB2.2 billion worth of assets, petitioned by creditors.

Dec. 10 , 2021
BAIC BJEV Nov. sales remain flat MoM
BAIC BJEV Nov. sales remain flat MoM

BAIC Bluepark, the holding company of BAIC BJEV, saw a year-on-year increase in its November sales while production remained low.

Dec. 8 , 2021
China's homegrown PV retail sales in Nov. drop 12.5% YoY, while rise 6.2% MoM
China's homegrown PV retail sales in Nov. drop 12.5% YoY, while rise 6.2% MoM

In November 2021, the retail sales of locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 1.845 million units, dipping 12.5% year on year, while climbing 6.2% month on month, according to the CPCA.

Dec. 8 , 2021
Former VP at Hyundai Motor Group (China) joins Wanda Group’s auto tech service firm
Former VP at Hyundai Motor Group (China) joins Wanda Group’s auto tech service firm

Li Hongpeng has resigned as Vice President of Commerce with Hyundai Motor Group (China) Ltd. and will become President of Wanda Automobile Technology Service Co.,Ltd. from Jan. 2022.

Dec. 8 , 2021