Market & Industry
SAIC MAXUS’s 2019 sales grow over 40% YoY
SAIC MAXUS’s 2019 sales grow over 40% YoY

SAIC MAXUS’s 2019 annual sales jumped 42.85% from the year-ago period to 120,017 units.

Jan. 3 , 2020
Lexus’ annual sales in China over 200,000 units for first time
Lexus’ annual sales in China over 200,000 units for first time

​Toyota’s luxury brand Lexus sold 200,521 vehicles in China in the whole year of 2019, which was a year-on-year sales jump of 25%, according to the brand.

Jan. 3 , 2020
China’s VIA exceeding official warning threshold for 24 straight months
China’s VIA exceeding official warning threshold for 24 straight months

In December, China’s Vehicle Inventory Alert Index (VIA), which measures the inventory level of automobile dealers, stood at 59.0%, dropping 7.1 percentage points from the year-ago period and 3.5 percentage points over the previous month.

Jan. 3 , 2020
Geely’s all-new BMA-based SUV ICON to go on sale on Valentine's Day
Geely’s all-new BMA-based SUV ICON to go on sale on Valentine's Day

The ICON, Geely Auto’s second BMA (B-segment Modular Architecture)-based SUV, will formally hit the market on this year’s Valentine's Day, as the automaker tries to express the blessing of “falling in love with technology”.

Jan. 2 , 2020
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said it has agreed to sell 50% stake in a joint venture with Groupe PSA to a subsidiary of Baoneng Automobile Co.,Ltd at a value of RMB1.63 billion.

Jan. 2 , 2020
Baidu wins 40 licenses to test self-driving vehicles carrying passengers
Baidu wins 40 licenses to test self-driving vehicles carrying passengers

Chinese multinational technology company Baidu announced on December 30 it was granted 40 road test licenses for passenger-carrying autonomous driving by regulators in Beijing.

Dec. 31 , 2019