Market & Industry
Great Wall Motor’s four brands all gain YoY, MoM growth in Sept. sales
Great Wall Motor’s four brands all gain YoY, MoM growth in Sept. sales

Great Wall Motor (GWM) said its vehicle sales vigorously grew 17.79% from a year earlier to 117,812 units last month. As of September, the Chinese biggest SUV and pickup manufacturer had achieved YoY sales growth for fifth month in a row.

Oct. 9 , 2020
Chery Holding says export volume leaps 23.3% YoY in September
Chery Holding says export volume leaps 23.3% YoY in September

Chery Holding said its new vehicle sales in September reached 69,075 units, of which 10,565 vehicles were exported to overseas markets, representing a 23.3% year-on-year growth.

Oct. 9 , 2020
Changan Auto achieves YoY sales growth for six straight months
Changan Auto achieves YoY sales growth for six straight months

With 205,543 vehicles sold, Chongqing Changan Automobile Co., Ltd. (Changan Auto) reported a 28.65% year-on-year leap in Sept. sales, achieving growth for six consecutive months.

Oct. 9 , 2020
Horizon Robotics, Continental AG to team up on high-level ADAS, driving automation
Horizon Robotics, Continental AG to team up on high-level ADAS, driving automation

Horizon Robotics and the German automotive parts manufacturer Continental AG recently signed a memorandum of understanding (MoU) to carry out in-depth cooperation in high-level ADAS and driving automation.

Sep. 30 , 2020
NIO to plow $600 million in expanding equity interest in NIO China
NIO to plow $600 million in expanding equity interest in NIO China

On September 25, 2020, NIO Inc. (“NIO” or the “Company”), through its wholly owned subsidiary, signed an agreement to subscribe for the newly increased capital of NIO (Anhui) Holding Co., Ltd. at a subscription price of $600 million.

Sep. 30 , 2020
China’s Jan.-Aug. imported auto volume drop 26.6% year on year
China’s Jan.-Aug. imported auto volume drop 26.6% year on year

For the first eight months of 2020, China imported a total of 515,000 vehicles (including chassis), posting a year-on-year decrease of 26.6%, and saw the year-to-date import value of automobiles reach 172.42 billion yuan ($25.311 billion).

Sep. 29 , 2020