Market & Industry
300,000th vehicle for SAIC Motor PV’s Zhengzhou base rolls off production line on May 29
300,000th vehicle for SAIC Motor PV’s Zhengzhou base rolls off production line on May 29

SAIC Motor Passenger Vehicle (SAIC Motor PV), a wholly-owned subsidiary of China’s biggest auto group SAIC Motor, saw the 300,000th vehicle for its Zhengzhou plant officially roll off the production line on May 29.

May 30 , 2019
Tesla prices China-build Model 3 from RMB328,000
Tesla prices China-build Model 3 from RMB328,000

On May 31, Tesla annouced that it would price the China-made Model 3 standard-range upgrade version from RMB328,000.

May 30 , 2019
Geely unveils first hydrogen fuel cell bus F12
Geely unveils first hydrogen fuel cell bus F12

Geely New Energy Commercial Vehicle Group (GVC) on May 29 launched two new zero-emission bus models in Beijing—the F12 hydrogen fuel cell bus and the C11 all-electric intercity bus.

May 30 , 2019
Volkswagen China, Mobility Asia, JAC Motors team up on Hefei smart city program
Volkswagen China, Mobility Asia, JAC Motors team up on Hefei smart city program

On May 27, Mobility Asia, a wholly-owned subsidiary of VW Group, struck a strategic cooperation framework deal with Volkswagen Group China, JAC Motors and Hefei Provincial Government for a “smart city” program to be built in Hefei.

May 28 , 2019
China issues detail policies regarding Vehicle Purchase Tax Law
China issues detail policies regarding Vehicle Purchase Tax Law

To implement earnestly Vehicle Purchase Tax Law of the PRC, China’s Ministry of Finance and State Taxation Administration jointly issued on May 24 the Announcement on Detailed Policies Concerning Vehicle Purchase Tax, which shall come into effect on

May 27 , 2019
Chery Holding gains at least RMB10 billion worth of credit line from China Everbright Bank
Chery Holding gains at least RMB10 billion worth of credit line from China Everbright Bank

On May 23, Chery Holdings Co.,Ltd signed a strategic cooperation agreement with China Everbright Bank for a credit line worth over RMB10 billion.

May 27 , 2019