News
China solicits public opinion for next stage of development plan on NEV industry
China solicits public opinion for next stage of development plan on NEV industry

China’s Ministry of Industry and Information Technology (MIIT) is soliciting public opinion on the Development Plan on the New Energy Vehicle Industry (2021-2035), which puts forward the vision for China’s next-stage NEV development.

Dec. 3 , 2019
China’s auto sales likely to fall 10% in 2019, CAAM
China’s auto sales likely to fall 10% in 2019, CAAM

Yao Jie, vice secretary general of the China Association of Automobile Manufacturers (CAAM), expected China’s automobile sales in 2019 to decline around 10% amid the downturn trend since July, 2018.

Dec. 3 , 2019
China’s Nov. Vehicle Inventory Alert Index remains at alarming level
China’s Nov. Vehicle Inventory Alert Index remains at alarming level

In November this year, China's Vehicle Inventory Alert Index (VIA), which represents the inventory pressure automobile dealers face, was down by 12.6 percentage points from the year-ago period but up by 0.1 percentage points over a month ago.

Dec. 3 , 2019
China to introduce 27 new imported models from Q4, 2019 to end-2020
China to introduce 27 new imported models from Q4, 2019 to end-2020

From the fourth quarter to the end of 2020, there will be 27 new imported models launched to China’s market, the lowest figure for the recent seven years, according to a report released by Sinomach Automobile Co.,Ltd on November 30.

Dec. 2 , 2019
Beijing Benz offers seven-seater SUV GLB priced from 314,800 yuan
Beijing Benz offers seven-seater SUV GLB priced from 314,800 yuan

Beijing Benz, a Sino-German joint venture, launched the GLB—its seven-seater compact SUV—available with three variants with the guiding price between 314,800 and 354,800 yuan ($44,783-50,473).

Dec. 2 , 2019
Toyota launches mobility service subsidiary in China’s Hainan
Toyota launches mobility service subsidiary in China’s Hainan

Toyota Motor (China) Investment Co., Ltd. (TMCI) formally announced on November 27 the launch of its travelling subsidiary in Hainan, which would focus on offering high-quality mobility services to the southernmost province of Mainland China.

Dec. 2 , 2019