Market & Industry
China November auto sales down 9.1% YoY
China November auto sales down 9.1% YoY

By the end of last month, the country has sold 23.489 million vehicles this year, increasing 4.5% from a year ago.

Dec. 10 , 2021
Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors
Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors

The commercial vehicle subsidiary of BAIC Group, Foton, announced that its subsidiary Beijing Borgward received a court-ordered seizure for its RMB2.2 billion worth of assets, petitioned by creditors.

Dec. 10 , 2021
Gasgoo Daily: Pony.ai licensed to test autonomous cars in Shenzhen
Gasgoo Daily: Pony.ai licensed to test autonomous cars in Shenzhen

With Gasgoo Daily, we will offer daily important automotive news in China.

Dec. 9 , 2021
China's homegrown PV retail sales in Nov. drop 12.5% YoY, while rise 6.2% MoM
China's homegrown PV retail sales in Nov. drop 12.5% YoY, while rise 6.2% MoM

In November 2021, the retail sales of locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 1.845 million units, dipping 12.5% year on year, while climbing 6.2% month on month, according to the CPCA.

Dec. 8 , 2021
Former VP at Hyundai Motor Group (China) joins Wanda Group’s auto tech service firm
Former VP at Hyundai Motor Group (China) joins Wanda Group’s auto tech service firm

Li Hongpeng has resigned as Vice President of Commerce with Hyundai Motor Group (China) Ltd. and will become President of Wanda Automobile Technology Service Co.,Ltd. from Jan. 2022.

Dec. 8 , 2021
JAC Group Nov. battery-electric PV sales skyrocket 177.6% YoY
JAC Group Nov. battery-electric PV sales skyrocket 177.6% YoY

JAC Group reported a prominent November sales performance, with growing sales results in both commercial and passenger vehicle sectors.

Dec. 8 , 2021