For the first half of 2021, China’s retail sales of automobile reached roughly 2.2 trillion yuan, leaping 30.4% from the previous year and representing contribution of 13% to the growth in the retail sales of consumer goods.
Jul. 23 , 2021
FAW Group will acquire 5% stake in Changan Mazda, currently a 50/50 joint venture between Chongqing Changan Automobile Co., Ltd. and Mazda Motor Corporation, according to a local media outlet.
Jul. 23 , 2021
China’s retail sales of locally-produced passenger vehicles (merely including cars, SUV, and MPVs) are anticipated to reach 1.53 million units in July 2021, dropping 4.3% year on year, according to the China Passenger Car Association (CPCA).
Jul. 23 , 2021
Shanghai expects the annual output value of its new energy vehicle (NEV) manufacturing industry to reach around 350 billion yuan ($54.123 billion) by 2025, according to a document Shanghai municipal government issued earlier this week.
Jul. 22 , 2021
On July 21, BAIC Group and China Development Bank’s Beijing branch entered into a strategic cooperation agreement under which the latter will grant a credit line worth 50 billion yuan ($7.722 billion).
Jul. 21 , 2021
Basic earnings per share increased from 0.12 yuan to 0.38 yuan.
Jul. 21 , 2021