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FAW Group 2019 auto sales edge up 1.3%, full-year revenue hits RMB620 billion
FAW Group 2019 auto sales edge up 1.3%, full-year revenue hits RMB620 billion

FAW Group sold 3.464 million vehicles through 2019, achieving a growth of 1.3% compared with the year-ago period, and outpacing the overall auto industry by 10 percentage points, the state-owned automaker announced via its WeChat account.

Jan. 6 , 2020
Mazda’s China retail sales in Dec., 2019 jump 19.2% year on year
Mazda’s China retail sales in Dec., 2019 jump 19.2% year on year

Mazda Motor (China) Co., Ltd. said its new car retail sales in December, 2019 reached 24,492 units, of which FAW Mazda and Changan Mazda contributed 10,418 units and 14,074 units respectively.

Jan. 6 , 2020
NIO expected to be champion startup in China by 2019 insurance registration
NIO expected to be champion startup in China by 2019 insurance registration

In November, 2019, 6,369 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicle (MLI) for EVs made by Chinese startups, versus 6,459 for the month-ago period.

Jan. 5 , 2020
Leading Ideal One deliveries exceed 1,000 units
Leading Ideal One deliveries exceed 1,000 units

Leading Ideal (“Lixiang” in Chinese, formerly known as CHJ Automotive) saw its first model, the Leading Ideal One, have production of 1,530 units in the first mass production month and more than 1,000 units were delivered to consumers.

Jan. 3 , 2020
Price of China-made Model 3 Standard Range-Plus reduced to RMB299,050 after subsidy
Price of China-made Model 3 Standard Range-Plus reduced to RMB299,050 after subsidy

Prior to the scale delivery of the China-built Tesla Model 3, the EV manufacturer has offered the first round of price reduction to consumers in China.

Jan. 3 , 2020
China’s VIA exceeding official warning threshold for 24 straight months
China’s VIA exceeding official warning threshold for 24 straight months

In December, China’s Vehicle Inventory Alert Index (VIA), which measures the inventory level of automobile dealers, stood at 59.0%, dropping 7.1 percentage points from the year-ago period and 3.5 percentage points over the previous month.

Jan. 3 , 2020