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CA, PA ICVs to account for over 50% of new car sales in 2025
CA, PA ICVs to account for over 50% of new car sales in 2025

China’s Technology Roadmap for Intelligent-Connected Vehicles 2.0 was formally launched at the 2020 WICV (World Intelligent Connected Vehicles Conference) kicking off on November 11.

Nov. 11 , 2020
China auto sales jump 12.5% YoY in October
China auto sales jump 12.5% YoY in October

China auto outputs and sales reached 2.552 million units and 2.573 million units respectively in October, jumping 11% and 12.5% from a year ago, according to the CAAM.

Nov. 11 , 2020
Li ONE honored best-selling new energy SUV model in China by Oct. insurance registrations
Li ONE honored best-selling new energy SUV model in China by Oct. insurance registrations

Li ONE, the PHEV model of startup Li Auto, was once again honored the hottest-selling new energy SUV models in October with an insurance registration of 3,438 units, according to China Automotive Technology & Research Center (CATARC).

Nov. 11 , 2020
GAC Group’s NEV unit said to go public on STAR Market
GAC Group’s NEV unit said to go public on STAR Market

GAC NE, the NEV unit of GAC Group, will unveil its IPO plan as early as November and is mulling over the listing on the sci-tech innovation board (STAR Market), a local media outlet reported earlier this month.

Nov. 10 , 2020
FAW nabs year-on-year growth in both Oct. sales and outputs
FAW nabs year-on-year growth in both Oct. sales and outputs

FAW Group sold 354,504 new vehicles in October, a year-on-year growth of 6.8%, and saw its production volume jump 12% to 341,323 units.

Nov. 10 , 2020
SAIC Motor, Alibaba to team up on new retail business
SAIC Motor, Alibaba to team up on new retail business

SAIC Motor and the e-commerce giant Alibaba Group entered into a cooperation agreement on November 8 to jointly boost the digital transition for automotive retail business, the automaker announced via its WeChat account.

Nov. 10 , 2020