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Former MIIT minister: Chinese companies shall cooperate to overcome chip shortage
Former MIIT minister: Chinese companies shall cooperate to overcome chip shortage

The chip shortage situation should be dealt with domestically by promoting collaborations between local auto companies and ICT enterprises, said Miao Wei, former minister of MIIT.

Oct. 12 , 2021
Great Wall Motor not rule out buying plant in Western Europe
Great Wall Motor not rule out buying plant in Western Europe

As Great Wall Motor is accelerating its global business layout, it is possible for the automaker to acquire a manufacturing plant in Western Europe, sources inside the company told a local media outlet.

Oct. 12 , 2021
Automotive solution provider Neusoft Reach banks RMB650 million
Automotive solution provider Neusoft Reach banks RMB650 million

China’s software giant, Neusoft, announced an RMB650 million ($101 million) worth of investment received by its subsidiary, Neusoft Reach , completing the branch’s first round of financing for business expansion.

Oct. 12 , 2021
China vehicle sales down by 19.6% YoY in September
China vehicle sales down by 19.6% YoY in September

China’s new vehicle sales fell 19.6% from a year ago to 2.067 million units in September, according to the China Association of Automobile Manufacturers (CAAM).

Oct. 12 , 2021
Tesla sells 56,006 China-made vehicles in September, local sales surging
Tesla sells 56,006 China-made vehicles in September, local sales surging

Among those Shanghai-made Tesla vehicles sold last month, 3,853 vehicles were exported from China to foreign markets, slumping 87.7% from a month ago, while local sales in China surged 304.8% to 52,153 month on month.

Oct. 12 , 2021
China's homegrown PV deliveries in Sept. drop 17.3% year on year
China's homegrown PV deliveries in Sept. drop 17.3% year on year

In September 2021, around 1.606 million locally-produced PVs were handed over to consumers in China, representing a year-on-year drop of 17.3%, while climbing 8.9% month on month, according to the CPCA.

Oct. 12 , 2021