Gasgoo Daily: CPCA: China’s passenger vehicle inventory volume remains low in the year

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Buick Envista rolls off line

The all-new Buick Envista officially rolled off the production line at SAIC Motor’s factory. The model features a pre-sale price starting 150,000 yuan. The model will formally hit the market on September 23. 

Photo credit: Buick

CPCA: China’s passenger vehicle inventory volume remains low in the year

According to Cui Dongshu, the secretary of the China Passenger Car Association, the country’s passenger vehicle inventory is estimated to be around 3.37 million units. Due to the upcoming peak sales season after September, retail sales in Oct.-Dec. would be relatively high. 

GAC Trumpchi Emkoo to hit market on September 25

The new Emkoo model under GAC Group’s Trumpchi brand will officially hit the market on September 25. Presale of the model has already kicked off with a pre-sale price range of 132,000-172,000 yuan. 

Photo credit: Trumpchi

Skateboard chassis developer U Power to build commercial vehicle headquarters in Hefei

U Power, a Chinese skateboard chassis developer, entered into a cooperation agreement with the government of Feixi county, Hefei city on Sept. 20 at the ongoing 2022 World Manufacturing Convention for its commercial vehicle (CV) headquarters project.

Faurecia, BYD’s joint venture sees 10,000th set of auto seat roll off line at Hefei factory

Shenzhen Faurecia Automotive Parts Co., Ltd. ("Shenzhen Faurecia"), a joint venture between Faurecia and BYD, saw their sixth factory open for business on September 19. The factory is located at Xiatang Industrial Park in Hefei city, the capital of Anhui province, and is also the joint venture's third factory put into operation so far this year.

FAW Capital joins automotive chip supplier ChipON’s C2 financing round

China’s automotive chip supplier ChipON announced on September 20 the completion of its C2 & strategic financing round.

BYD launches eBus Blade Platform at IAA Transportation 2022

BYD, the leading Chinese manufacturer of new energy vehicles (NEVs) and power batteries, showcased its latest innovations in e-Mobility for commercial vehicles at the IAA Transportation 2022 in Hanover this week.