Market & Industry
Changan Mazda, FAW Mazda rumored to merge soon
Changan Mazda, FAW Mazda rumored to merge soon

Mazda Motor’s two Chinese joint ventures will soon announce merger of their businesses and combine sales channels in September, according to a local media outlet, citing a source at a Changan Mazda 4S shop.

Jul. 2 , 2021
XPeng records best-ever monthly deliveries in June 2021
XPeng records best-ever monthly deliveries in June 2021

In June 2021, XPeng Inc. achieved its highest-ever monthly deliveries with 6,565 new vehicles delivered, representing a 617% year-over-year surge and a 15% month-on-month growth, the startup said on Wedneday.

Jul. 1 , 2021
Hongqi first-half sales more than double to 145,000 vehicles
Hongqi first-half sales more than double to 145,000 vehicles

The brand aims to sell 400,000 vehicles, but by the end of June, it just finished 36.25% of its annual target.

Jul. 1 , 2021
SAIC Motor’s chairman says auto chip shortage likely to ease in late July
SAIC Motor’s chairman says auto chip shortage likely to ease in late July

The industry-wide chip shortage is likely to be alleviated in late July and the chip supply will basically get back to normal in the third or fourth quarter of this year, SAIC Motor’s Chairman Chen Hong said on June 30.

Jun. 30 , 2021
Insurance registrations of Chinese NEV startups in May rocket over 200% YoY
Insurance registrations of Chinese NEV startups in May rocket over 200% YoY

In May, the registration of the vehicles from Chinese EV startups reached roughly 30,100 units, zooming up 221.6% from a year earlier, while also rising 10.1% from the previous month.

Jun. 29 , 2021
Baidu’s AVP system likely to be introduced in GWM’s WEY Mocha in 2nd half of 2021
Baidu’s AVP system likely to be introduced in GWM’s WEY Mocha in 2nd half of 2021

Chinese Internet giant Baidu announced on June 29 it has co-worked with Great Wall Motor (GWM) on automated valet parking (AVP) system, which is expected for introduction into a mass-produced model in the second half of this year.

Jun. 29 , 2021