Market & Industry
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
SAIC-GM-Wuling announces 2020 plan
SAIC-GM-Wuling announces 2020 plan

SAIC-GM-Wuling Automobile will concentrate on four sectors, namely Wuling brand, New Baojun brand, Baojun brand and new energy segment this year.

Jan. 8 , 2020
Changan Automobile’s Dec. sales soar 31% YoY, YTD sales show contracted decline
Changan Automobile’s Dec. sales soar 31% YoY, YTD sales show contracted decline

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said its new vehicle sales in December 2019 soared 31% over a year ago to 193,716 units, maintaining the growth from November.

Jan. 7 , 2020
Tesla announces start of Model Y’s local production in China
Tesla announces start of Model Y’s local production in China

Tesla formally kicked off the large-scale delivery of its China-made Model 3 sedans on January 7 at its Shanghai plant. Meanwhile, the project of the Model Y is to be launched there, according to a living video broadcast from Tesla’s Weibo account.

Jan. 7 , 2020