Market & Industry
China’s PV market posts sales downturn for two straight years
China’s PV market posts sales downturn for two straight years

In 2019, automakers in China sold a total of 21,469,065 locally-produced PVs (referring to cars, MPVs, SUVs and minibuses), a decrease of 9.3% over the previous year, according to the China Passenger Car Association (CPCA).

Jan. 10 , 2020
Spy shots of Lynk & Co EX11 exposed
Spy shots of Lynk & Co EX11 exposed

Recently, local media managed to get some spy shots of the Lynk & Co-branded all-new seven-seater SUV code-named EX11.

Jan. 10 , 2020
Great Wall Motor’s 2019 full-year sales edge up 0.69%
Great Wall Motor’s 2019 full-year sales edge up 0.69%

Great Wall Motor (GWM) saw its full-year sales in 2019 edge up 0.69% year on year to 1,060,298 units, surpassing 1 million units for the fourth year in a row.

Jan. 10 , 2020
GAC Toyota sees 2019 sales rise 18% YoY
GAC Toyota sees 2019 sales rise 18% YoY

GAC Toyota announced a year-on-year sales growth of 18% to 682,008 units in China through 2019.

Jan. 9 , 2020
SAIC Motor gains YoY sales growth after 15-straight-month downturn
SAIC Motor gains YoY sales growth after 15-straight-month downturn

SAIC Motor announced its annual sales in 2019 shrank 11.54% from a year ago to 6,237,950 units. However, after suffering 15-straight-month year-on-year downturn, the Chinese biggest automaker finally posted growth in December.

Jan. 8 , 2020
Mercedes-Benz, Geely Holding formally establishes global joint venture “smart Automobile Co., Ltd.” for the smart Brand
Mercedes-Benz, Geely Holding formally establishes global joint venture “smart Automobile Co., Ltd.” for the smart Brand

Mercedes-Benz AG (Mercedes-Benz) and Zhejiang Geely Holding Group announced on Jan. 8 that they have formally established the global joint venture “smart Automobile Co., Ltd.” for the smart brand after receiving the regulatory approval.

Jan. 8 , 2020