Market & Industry
Toyota, Honda, Nissan China sales up, Mazda sales down in Oct.
Toyota, Honda, Nissan China sales up, Mazda sales down in Oct.

Most Japanese brands sustained robust growth for their China businesses in October. Both Toyota and Honda posted double-digit increase in China sales last month. Notably, Toyota was also the fastest-growing one in terms of Jan.-Oct. sales.

Nov. 13 , 2020
Geely’s CV unit to buy 116.3 mln shares issued by Hualing Xingma
Geely’s CV unit to buy 116.3 mln shares issued by Hualing Xingma

Geely Commercial Vehicles Group (GCV) is about to acquire not more than 116.3 million A shares launched by the truck manufacturer Hualing Xingma through a non-public issuance, as part of efforts to strengthen Geely’s offensive in CV area.

Nov. 13 , 2020
Guangdong aims to put first fuel cell PVs into pilot operation in 2022
Guangdong aims to put first fuel cell PVs into pilot operation in 2022

Guangdong province will strive to achieve the demonstration of its first hydrogen fuel cell passenger vehicles in 2022.

Nov. 12 , 2020
Beijing Hyundai delivers 48,000 vehicles in Oct.
Beijing Hyundai delivers 48,000 vehicles in Oct.

Compared with the previous month, the joint venture achieved a sales growth of 15.3%.

Nov. 10 , 2020
FAW nabs year-on-year growth in both Oct. sales and outputs
FAW nabs year-on-year growth in both Oct. sales and outputs

FAW Group sold 354,504 new vehicles in October, a year-on-year growth of 6.8%, and saw its production volume jump 12% to 341,323 units.

Nov. 10 , 2020
SAIC Motor, Alibaba to team up on new retail business
SAIC Motor, Alibaba to team up on new retail business

SAIC Motor and the e-commerce giant Alibaba Group entered into a cooperation agreement on November 8 to jointly boost the digital transition for automotive retail business, the automaker announced via its WeChat account.

Nov. 10 , 2020