Market & Industry
China’s Vehicle Inventory Alert Index in June edges up 2.6 percentage points MoM
China’s Vehicle Inventory Alert Index in June edges up 2.6 percentage points MoM

China’s Vehicle Inventory Alert Index (VIA) stood at 56.8% in June, which climbed 2.6 and 6.4 percentage points compared to the previous month and the previous year respectively, according to the China Automobile Dealers Association (CADA).

Jul. 2 , 2020
JAC Motors to set up mid-/high-end MPV base in Bozhou
JAC Motors to set up mid-/high-end MPV base in Bozhou

JAC Motors inked on June 30 an agreement with Bozhou municipal government to build mid-/high-end MPVs at Anhui Jianghuai Anchi Automobile Co., Ltd., a wholly-owned subsidiary of the Hefei-based automaker.

Jul. 2 , 2020
Former Ford’s management talent named Commerce VP of Hyundai China
Former Ford’s management talent named Commerce VP of Hyundai China

Li Hongpeng, a former senior executive of Ford Motor, has been appointed as Vice President of Commerce of Hyundai Motor Group (China) Ltd., managing Hyundai’s China strategic planning and market expansion business.

Jun. 30 , 2020
Dongfeng, Changan, FAW co-unveil NEV & ICV-focused joint venture
Dongfeng, Changan, FAW co-unveil NEV & ICV-focused joint venture

Zhongqi Chuangzhi Technology Co.,Ltd. (called “Zhongqing Chuangzhi” for short), a joint venture co-funded by three state-owned automakers—Dongfeng, FAW and Changan, was officially launched on June 29 in Nanjing.

Jun. 30 , 2020
NIO EC6’s first pre-production car comes off production line
NIO EC6’s first pre-production car comes off production line

The first pre-production NIO EC6 has rolled off the production line at the Hefei-based JAC-NIO Advanced Manufacturing Center, where also the ES8 and the ES6 are produced, a local media reported on June 28.

Jun. 29 , 2020