News
Li Auto records highest monthly sales in August
Li Auto records highest monthly sales in August

From January to August, the model’s delivery totaled 14,656.

Sep. 2 , 2020
Chery Automobile scores 21.1% YoY leap in August sales
Chery Automobile scores 21.1% YoY leap in August sales

Chery Holding said its vehicle sales reached 64,403 units in August, of which 40,207 units were from Chery Automobile, a 21.1% surge compared to a year ago.

Sep. 2 , 2020
SAIC Motor secures 50 bln yuan credit line from the Export-Import Bank of China
SAIC Motor secures 50 bln yuan credit line from the Export-Import Bank of China

Chinese largest automaker SAIC Motor said it signed an agreement on September 1 with the Export-Import Bank of China for a credit line worth 50 billion yuan ($7.315 billion).

Sep. 2 , 2020
FAW Hongqi’s auto sales zoom 110% YoY in August
FAW Hongqi’s auto sales zoom 110% YoY in August

Hongqi, Chinese luxury car brand owned by FAW Group, saw its sales hit a record high of over 21,000 units in August, a substantial year-on-year growth of 110%, according to a posting on Hongqi’s WeChat account.

Sep. 1 , 2020
China’s Vehicle Inventory Alert Index edges down 0.5 percentage points YoY to 52.8% in Aug.
China’s Vehicle Inventory Alert Index edges down 0.5 percentage points YoY to 52.8% in Aug.

China’s Vehicle Inventory Alert Index (VIA) stood at 52.8% in August, which declined 9.9 and 0.5 percentage points compared to the previous month and to the previous year respectively, according to the China Automobile Dealers Association (CADA).

Sep. 1 , 2020
GAC Group records 52.87% slump in first-half net profit
GAC Group records 52.87% slump in first-half net profit

GAC Group announced that its operating revenue of the first half of 2020 shrank 9.54% from a year ago to 25.439 billion yuan and the semi-annual net profit attributable to shareholders plunged 52.87% year on year to roughly 2.318 billion yuan.

Sep. 1 , 2020