Market & Industry
CAAM proposes removal of NEV purchase limit, continuing NEV subsidy policy
CAAM proposes removal of NEV purchase limit, continuing NEV subsidy policy

China Association of Automobile Manufacturers (CAAM), the social organization where China auto outputs and sales are released from, on March 12 proposed the removal of NEV purchase limits.

Mar. 12 , 2020
Porsche China exits 2019 boasting remarkable sales performance and forges ahead into a new epoch
Porsche China exits 2019 boasting remarkable sales performance and forges ahead into a new epoch

In 2019, Porsche China delivered 86,752 new vehicles to customers, increasing 8% compared with 2018, and accounting for a total of 31% of Porsche AG worldwide sales.

Mar. 12 , 2020
China auto sales in Feb. plummet 79.1% year on year
China auto sales in Feb. plummet 79.1% year on year

China auto sales plunged 79.1% year on year to 310,000 units in February, according to the China Association of Automobile Manufacturers (CAAM).

Mar. 12 , 2020
MIIT urges Tesla to keep China-made cars consistent with its promise
MIIT urges Tesla to keep China-made cars consistent with its promise

The MIIT on March 10 summoned executives of Tesla (Shanghai) Co.,Ltd. for a face-to-face meeting and urged the company to keep the production of its China-built vehicles consistent with its promis

Mar. 10 , 2020
Great Wall Motor says auto sales in Feb. tumble 85.48% YoY
Great Wall Motor says auto sales in Feb. tumble 85.48% YoY

Great Wall Motor, China’s biggest SUV and pickup manufacturer, faced a year-on-year plunge of 85.48% in Feb. with only 10,023 new vehicles sold.

Mar. 10 , 2020
GAC Group’s auto sales significantly drop in Feb., but new energy PV sales still surge
GAC Group’s auto sales significantly drop in Feb., but new energy PV sales still surge

GAC Group sold 19,347 new vehicles during the anti-coronavirus month, suffering a year-on-year plunge of 81.08%. With 195,618 units sold in total, the decrease in year-to-date sales stood at 37.3%.

Mar. 10 , 2020