Market & Industry
Evergrande Auto begins trial production at Shanghai, Guangzhou manufacturing plants
Evergrande Auto begins trial production at Shanghai, Guangzhou manufacturing plants

Evergrande Auto, the EV unit of Chinese property conglomerate Evergrande Group, has recently kicked off the trial production at its Shanghai and Guangzhou manufacturing bases, according to a local media outlet.

Nov. 12 , 2020
China auto sales jump 12.5% YoY in October
China auto sales jump 12.5% YoY in October

China auto outputs and sales reached 2.552 million units and 2.573 million units respectively in October, jumping 11% and 12.5% from a year ago, according to the CAAM.

Nov. 11 , 2020
Evergrande Auto unveils new logo for Hengchi brand
Evergrande Auto unveils new logo for Hengchi brand

Evergrande Auto, the EV unit of Chinese property conglomerate Evergrande Group, launched its all-new brand logo that coveys its ambition to become a world-class new energy vehicle (NEV) developer and manufacturer.

Nov. 10 , 2020
China's homegrown PV retail sales grow 8% year on year in October
China's homegrown PV retail sales grow 8% year on year in October

In October, around 2.021 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year growth of 8%, according to the China Passenger Car Association (CPCA).

Nov. 9 , 2020
China’s PV sales likely to rebound by 4.6% in 2021: Gasgoo
China’s PV sales likely to rebound by 4.6% in 2021: Gasgoo

China’s PV sales are expected to fall by 8% this year and grow by 4.6% next year, Roy Lu, director of Gasgoo Auto Research Institute (GARI), said at the 2020 Annual Global Auto Industry Summit held by Gasgoo.

Nov. 9 , 2020
GAC Group sales up by 21.53% in October
GAC Group sales up by 21.53% in October

As of October, the group has achieved 76.27% of its annual sales target.

Nov. 9 , 2020