China's biggest automaker SAIC Motor today reported that its auto sales in Feb. reached 47,365 units, versus 362,945 units sold in the year-ago period. Besides, the sales for the first two months aggregated 447,573 units, plunging 54.07% YoY.
Mar. 6 , 2020
Two subsidiaries of Shanghai-based SAIC Motor—SAIC Maxus and Shanghai Huizhong Automobile Manufacturing Co.,Ltd. (SHAC)—have reportedly started adjusting salaries of employees.
Mar. 6 , 2020
Hit by the COVID-19 epidemic, most global automakers encountered steep plunge in China market last month. The Japanese automaker Honda said its China deliveries in February reached only 11,288 units, slumping 85.1% from the previous year.
Mar. 6 , 2020
HOZON Auto, the company behind the EV brand NETA, and the power battery giant CATL forged a strategic partnership on March 2 to step up the collaboration in NEV battery field.
Mar. 4 , 2020
BYD announced on March 2 its subsidiary BYD Auto Industry Co.,Ltd scored RMB1,342,260,000 of central government subsidy for new energy vehicle promotion that occurred in 2017.
Mar. 4 , 2020
After conveying the determination to bolster auto consumption, Guangzhou municipal government rapidly honored its promise by launching a set of materialized policies.
Mar. 3 , 2020