Market & Industry
NIO expected to be champion startup in China by 2019 insurance registration
NIO expected to be champion startup in China by 2019 insurance registration

In November, 2019, 6,369 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicle (MLI) for EVs made by Chinese startups, versus 6,459 for the month-ago period.

Jan. 5 , 2020
SAIC MAXUS’s 2019 sales grow over 40% YoY
SAIC MAXUS’s 2019 sales grow over 40% YoY

SAIC MAXUS’s 2019 annual sales jumped 42.85% from the year-ago period to 120,017 units.

Jan. 3 , 2020
Lexus’ annual sales in China over 200,000 units for first time
Lexus’ annual sales in China over 200,000 units for first time

​Toyota’s luxury brand Lexus sold 200,521 vehicles in China in the whole year of 2019, which was a year-on-year sales jump of 25%, according to the brand.

Jan. 3 , 2020
FAW-Volkswagen Audi sells 688,888 units in 2019, up 4.2%
FAW-Volkswagen Audi sells 688,888 units in 2019, up 4.2%

The 2019 sales of FAW-Volkswagen Audi rose 4.2% year on year to 688,888 units, marking a new annual sales record.

Jan. 2 , 2020
Geely’s all-new BMA-based SUV ICON to go on sale on Valentine's Day
Geely’s all-new BMA-based SUV ICON to go on sale on Valentine's Day

The ICON, Geely Auto’s second BMA (B-segment Modular Architecture)-based SUV, will formally hit the market on this year’s Valentine's Day, as the automaker tries to express the blessing of “falling in love with technology”.

Jan. 2 , 2020
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said it has agreed to sell 50% stake in a joint venture with Groupe PSA to a subsidiary of Baoneng Automobile Co.,Ltd at a value of RMB1.63 billion.

Jan. 2 , 2020