Market & Industry
SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics
SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics

SAIC Motor on December 9 inked a framework agreement with China Post Group to carry out strategic collaboration on complete vehicle procurement, fleet operation, finance, express & logistics and market expansion.

Dec. 11 , 2019
JAC Motors releases 2020 production and sales plan
JAC Motors releases 2020 production and sales plan

JAC Motors expects the combined production and sales of its complete vehicles and chassis to reach 450,000 to 500,000 in 2020, according to a filing from the company on December 11.

Dec. 11 , 2019
DRiV celebrates opening of Asia headquarters in Shanghai to continue its investment in China
DRiV celebrates opening of Asia headquarters in Shanghai to continue its investment in China

On December 6, DRiV Incorporated celebrated the official opening of its new Asia Pacific headquarters.

Dec. 11 , 2019
China’s PV market fails to see year-on-year rebound in November
China’s PV market fails to see year-on-year rebound in November

In November, automakers in China sold a total of 2,075,266 locally-produced PVs (referring to cars, MPVs, SUVs and minibuses), posting a year-on-year decrease of 4.7%, while achieving an evident growth of 7.5% from the previous month.

Dec. 9 , 2019
SAIC Volkswagen gets sales growth after 14-successive-month downturn
SAIC Volkswagen gets sales growth after 14-successive-month downturn

After eleven months of the year passed, SAIC Motor, the Chinese largest automaker, has not got sales rebound yet. According to the latest sales report, the automaker posted 9.58% and 13.33% year-on-year decline in November and year-to-date sales.

Dec. 9 , 2019
GAC Group clocks drop in Jan.-Nov. wholesale volume, but deliveries rise
GAC Group clocks drop in Jan.-Nov. wholesale volume, but deliveries rise

GAC Group reported a year-on-year drop of 4.27% in November wholesale volume, 8.93 percentage points less than the Oct. sales. By the end of November, 2019, the Guangzhou-based automakers had been facing sales downturn for five successive months.

Dec. 9 , 2019