Market & Industry
China plans to launch policy to alleviate coronavirus impact on automobile spending
China plans to launch policy to alleviate coronavirus impact on automobile spending

China’s authorities will draw up and promote the policies that help further stabilize automobile consumption, so as to mitigate the impact from coronavirus outbreak, according to a spokesman for China’s Ministry of Commerce (MOFCOM).

Feb. 21 , 2020
Toyota, Nissan, Mazda drop, Honda grows in Jan. China sales
Toyota, Nissan, Mazda drop, Honda grows in Jan. China sales

Four major Japanese automakers have subsequently announced their Jan. sales volume in China.

Feb. 20 , 2020
Honda’s China deliveries grow 9.8% in Jan., Dongfeng Honda wins 21.3% YoY jump
Honda’s China deliveries grow 9.8% in Jan., Dongfeng Honda wins 21.3% YoY jump

Last month, Honda delivered a total of 149,863 new vehicles in China, starting its year of 2020 with an evident growth of 9.8%.

Feb. 20 , 2020
Changan says auto sales in Jan. fall 4.6% YoY
Changan says auto sales in Jan. fall 4.6% YoY

Chongqing Changan Automobile Co., Ltd (Changan) announced it sold 134,578 new vehicles in January, a year-on-year downward movement of 4.6%, versus the estimated 18% decrease for overall auto industry.

Feb. 17 , 2020
Great Wall Motor, General Motors sign agreement for purchase of GM Thailand Rayong Manufacturing facility
Great Wall Motor, General Motors sign agreement for purchase of GM Thailand Rayong Manufacturing facility

Great Wall Motors (GWM) and General Motors (GM) today announced an agreement for the sale of GM Thailand’s manufacturing facilities in Rayong, subject to government and regulatory approvals.

Feb. 17 , 2020
Foshan offers subsidy of RMB2,000-5,000 per vehicle to new car buyers
Foshan offers subsidy of RMB2,000-5,000 per vehicle to new car buyers

Foshan, a prefecture-level city in central Guangdong Province, has become China’s first city that issued the detailed policy to boost automobile consumption.

Feb. 16 , 2020