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Summary: Chinese passenger automobile market in November
Summary: Chinese passenger automobile market in November

A total of 2.55 million passenger automobiles were sold in China this November. That figure is a slight .2% than the 2.54 million sold in November of 2016. Both the sedan and MPV segments saw their sales decrease, while the SUV segment achieved good

Dec. 23 , 2017
Ministry of Commerce approves JAC Volkswagen's NEV program
Ministry of Commerce approves JAC Volkswagen's NEV program

On December 21, JAC announced that the program that jointly produce pure electric passenger vehicles with Volkswagen (China) Investment Co., Ltd. has been approved by MOFCOM

Dec. 22 , 2017
Changan ambitious to sell 80,000 NEVs next year
Changan ambitious to sell 80,000 NEVs next year

Changan will expand the existing new energy and trial workshop in Beijing factory. At the launching ceremony of Changan Raeton CC, Gong Bing, vice president of Changan, said that they targets 80,000-unit sales of its new energy vehicle next year.

Dec. 22 , 2017
TOP 10 Models from American brands by November Sales in China
TOP 10 Models from American brands by November Sales in China

According to data released by the China Passenger Car Association, New Excelle was the best seller among all models from American brands. Last month, the sales of New Excelle were 37,993 units, up 6.82 percent year on year but down 20.55 percent mont

Dec. 22 , 2017
Tencent participates in new financing round of WM Motor
Tencent participates in new financing round of WM Motor

WM Motor is reported to have closed another round of financing recently. The round has four participants, including China Structural Reform Fund Corporation Limited, China Minmetals H.K (Holdings) Limited, Sequoia Capital China and Tencent.

Dec. 22 , 2017
New energy vehicle sales likely to exceed 700,000 in 2017
New energy vehicle sales likely to exceed 700,000 in 2017

On December 12, Gao Feng, spokesman of Ministry of Commerce of the People's Republic of China said at the press conference that according to the statistics, the annual sales of 2017 is expected to exceed 700,000 units.

Dec. 22 , 2017