Market & Industry
China’s October passenger car sales expected to increase 6% YoY
China’s October passenger car sales expected to increase 6% YoY

Daily retail sales of China’s main passenger vehicle manufactures were 24,760 units during China’s National Holiday this year which spanned from Oct.1 to Oct.8, up by 1% year on year and down 26% month on month.

Oct. 30 , 2020
GAC Group’s Q1-Q3 revenue edges up 0.38% YoY
GAC Group’s Q1-Q3 revenue edges up 0.38% YoY

For the first three quarters, GAC Group’s revenue climbed 0.38% year on year to 42.846 billion yuan ($6.380 billion), according to the financial results the automaker released on October 30.

Oct. 30 , 2020
NIO's monthly outputs reach 5,000 units for first time
NIO's monthly outputs reach 5,000 units for first time

On October 29, NIO's 5,000th complete vehicle produced in this month rolled off the production line at the JAC-NIO Advanced Manufacturing Center.

Oct. 29 , 2020
China’s CATL sees Q3 net profit grow 4.24% year on year
China’s CATL sees Q3 net profit grow 4.24% year on year

In the third quarter of 2020, CATL’s net profit attributable to shareholders rose 4.24% year on year to 1.42 billion yuan ($211.388 million).

Oct. 28 , 2020
Geely Auto’s first CMA-based sedan Xing Rui to go on sale on Nov. 1
Geely Auto’s first CMA-based sedan Xing Rui to go on sale on Nov. 1

The Xing Rui, Geely Auto’s first sedan model based on Compact Modular Architecture (CMA), will hit the market on November 1, according to a posting on Geely Auto’s WeChat account.

Oct. 27 , 2020
SAIC VW's EV-only plant starts official production
SAIC VW's EV-only plant starts official production

On October 27, the ID.4 X, SAIC Volkswagen (SAIC VW)'s first all-electric compact SUV, was formally put into production at the joint venture's NEV-focused plant in Anting, Shanghai.

Oct. 27 , 2020