Market & Industry
Nissan China’s sales down 11.8% YoY in Jan.
Nissan China’s sales down 11.8% YoY in Jan.

Nissan announced its China sales slid 11.8% year on year to 118,143 units (including PVs and light CVs) in January of 2020, due to the Spring Festival in Jan. this year and the novel coronavirus.

Feb. 11 , 2020
Volvo Cars, Geely Auto seek business combination for a strong global group
Volvo Cars, Geely Auto seek business combination for a strong global group

Volvo Car AB and Geely Automobile Holdings Limited are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies.

Feb. 10 , 2020
China’s auto imports in 2019 show a 2% YoY downward movement
China’s auto imports in 2019 show a 2% YoY downward movement

China’s full-year auto imports in 2019 declined 2% year on year to 1.086 million units, while the volume for the month of December stood at 102,000 units with a significant growth of 24%, according to Sinomach Automobile Co.,Ltd.

Feb. 10 , 2020
China’s Vehicle Inventory Alert Index rises 6.5 percentage points YoY in Jan.
China’s Vehicle Inventory Alert Index rises 6.5 percentage points YoY in Jan.

Last month, China’s Vehicle Inventory Alert Index (VIA), which measures the inventory level of automobile dealers, stood at 62.7%, growing 6.3 and 6.5 percentage points over a month ago and a year ago respectively, according to the CADA.

Feb. 7 , 2020
Sichuan Hyundai becomes China’s first CV maker wholly owned by foreign company
Sichuan Hyundai becomes China’s first CV maker wholly owned by foreign company

South Korean automaker Hyundai has obtained 100% stake in Sichuan Hyundai Motor Co., Ltd., making the latter the first commercial vehicle (CV) manufacturer in China that is wholly owned by a foreign company.

Feb. 7 , 2020
Revealed: 2020 sales target of automakers in China
Revealed: 2020 sales target of automakers in China

Gasgoo hereby compiled the 2020 sales target released by automakers in China.

Feb. 6 , 2020