Market & Industry
China's auto sales dip for 14 straight months
China's auto sales dip for 14 straight months

Vehicle sales in China, the world's largest auto market, presented the 14th-month-in-a-row year-on-year decline as of August, 2019.

Sep. 11 , 2019
Top 10 locally-produced PV, car, SUV models in China by August wholesale volume
Top 10 locally-produced PV, car, SUV models in China by August wholesale volume

There were eight car models among the top 10 PV models by August wholesale volume. The Haval H6 was the only SUV model that entered the top 10 list, while still posted a year-on-year sales downturn.

Sep. 11 , 2019
SAIC Motor’s sales decline for 12 straight months
SAIC Motor’s sales decline for 12 straight months

Chinese biggest automaker SAIC Motor reported a 7.87% year-on-year decrease in August sales, a slower downturn than that of July, but still faced the 12th-month-in-a-row decline.

Sep. 10 , 2019
BYD’s NEV sales growth still remains negative in August
BYD’s NEV sales growth still remains negative in August

Sales at BYD fell 13.95% to 36,009 units in August, versus the 16.96% year-on-year drop in July sales, according to the automaker’s latest sales report.

Sep. 9 , 2019
Zhejiang Geely pumps money into German flying taxi startup Volocopter
Zhejiang Geely pumps money into German flying taxi startup Volocopter

German flying taxi startup Volocopter announced it has raised 50 million euros ($55.13 million) in the first funding of Series C round, which was led by Zhejiang Geely Holding Group (Geely).

Sep. 9 , 2019
Federal Chancellor Angela Merkel Opens New Webasto Location in Wuhan, China
Federal Chancellor Angela Merkel Opens New Webasto Location in Wuhan, China

Federal Chancellor Angela Merkel, accompanied by a top-level German business delegation, visited the new location of automotive supplier Webasto in the city of Wuhan (Hubei Province).

Sep. 8 , 2019