Market & Industry
China’s Nov. Vehicle Inventory Alert Index remains at alarming level
China’s Nov. Vehicle Inventory Alert Index remains at alarming level

In November this year, China's Vehicle Inventory Alert Index (VIA), which represents the inventory pressure automobile dealers face, was down by 12.6 percentage points from the year-ago period but up by 0.1 percentage points over a month ago.

Dec. 3 , 2019
Huawei awarded TISAX certification
Huawei awarded TISAX certification

Huawei, a China-based world's leading provider of ICT devices, has obtained the highest Level 3 assessment in TISAX (Trusted Information Security Assessment Exchange) in one shot in Germany.

Dec. 3 , 2019
Chery Holding says Nov. auto sales hit record high for 2019
Chery Holding says Nov. auto sales hit record high for 2019

On the first workday of December, Chery Holding, the parent company of Chery Automobile Co. Ltd, announced its auto sales in November rose 6.2% over a month ago to 74,700 units, a new record-breaking figure achieved so far this year.

Dec. 2 , 2019
FAW’s Hongqi gains best-ever monthly sales in November
FAW’s Hongqi gains best-ever monthly sales in November

FAW Group achieved its highest-ever monthly sales of Hongqi brand with a total of 12,500 vehicles sold last month, a surge of 178% over the year-over period.

Dec. 2 , 2019
Jia Yueting’s EV project in Moganshan likely to fizzle out
Jia Yueting’s EV project in Moganshan likely to fizzle out

Recently, the local government of Deqing County, Zhejiang province has reclaimed the industrial lot located at Moganshan where Jia Yueting once planned to produce vehicles and set up an automotive theme town.

Dec. 1 , 2019
SAIC-Audi project not to sell vehicles before 2022
SAIC-Audi project not to sell vehicles before 2022

Audi is said to be making a plan with partners in China to boost sales and improve its brand value in three years. Besides, the SAIC-Audi project will not sell products before 2022, but the project has been moving forward.

Dec. 1 , 2019