Market & Industry
Top 10 car, SUV models in China by December wholesale volume
Top 10 car, SUV models in China by December wholesale volume

In terms of full-year performance, PV wholesale volume totaled 23,237,043 units nationwide, sliding 4% from the previous year. The annual sales of cars and SUVs both showed YoY decline of 2.8%.

Jan. 16 , 2019
Evergrande Health gains 51% stake in NEVS with value of $930 million
Evergrande Health gains 51% stake in NEVS with value of $930 million

Evergrande Health obtained 51% stake in NEVS, a Sweden-headquartered electric vehicle maker, according to an announcement released by Evergrande Health on January 15.

Jan. 15 , 2019
Magna, BAIC BJEV celebrate the opening of new engineering center
Magna, BAIC BJEV celebrate the opening of new engineering center

On January 15, Magna celebrated the opening of a new engineering center which is part of its joint venture with Beijing Electric Vehicle Co. Ltd (BJEV).

Jan. 15 , 2019
China’s car population grows up to 240 million units by the end of 2018
China’s car population grows up to 240 million units by the end of 2018

There were a total of 31.72 million motor vehicles newly registered in China last year, making the country’s motor vehicle population up to around 327 million units by the end of 2018.

Jan. 14 , 2019
Haval launches “5-2-1” global strategy to roll out over 20 new models by 2023
Haval launches “5-2-1” global strategy to roll out over 20 new models by 2023

On January 13, 2019, Haval released the “Haval 5-2-1” Strategy, aiming to develop itself into the “world’s No.1 professional SUV brand” with annual sales up to 2 million units globally over the next five years.

Jan. 14 , 2019
China's vehicle sales in 2018 drop 2.76% YoY to 28,080,600 units, CAAM
China's vehicle sales in 2018 drop 2.76% YoY to 28,080,600 units, CAAM

China's vehicle outputs and sales in 2018 reached 27,809,200 units and 28,080,600 units, dropping 4.16% and 2.76% year on year respectively, according to sales data released by China Association of Automobile Manufacturers (CAAM).

Jan. 14 , 2019