China has been honored the world’s largest NEV market in terms of both outputs and sales for the fifth year in a row as of 2019, said Xin Guobin, vice minister of China’s Ministry of Industry and Information Technology (MIIT).
Aug. 3 , 2020
FAW Group’s Hongqi reported a July sales volume exceeding 17,500 units, which surged 99% over the previous year. For the first seven months, the premium auto brand saw its sales skyrocket 108% year on year to 875,000 units.
Aug. 3 , 2020
China's Vehicle Inventory Alert Index (VIA) stood at 62.7% in July, which climbed 5.9 and 0.5 percentage points compared to the previous month and the previous year respectively, according to the China Automobile Dealers Association (CADA).
Aug. 3 , 2020
JAC Motors is forecasted to post a net loss attributable to shareholders of 146 million yuan ($20,866,378) for the first half of 2020, a nosedive from the net profit of 125,114,300 yuan ($17,881,386) gained in the year-ago period.
Jul. 31 , 2020
At this year’s Chengdu Motor Show, GAC Group and FCA Group, two parent companies of the joint venture GAC FCA, signed a memorandum of understanding (MoU) to step up their strategic cooperation in China and explore new collaboration opportunities.
Jul. 31 , 2020