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Sales of domestically-manufacturedautos rose 36 percent year on year to reach 13.14 million units in the months through September, as lower-priced automobiles have become more affordable for better-off Chinese people, according to data released by the China Association of AutomobileManufacturers (CAAM) on Oct.
China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. of the total.
Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. Sales of China’s domestically-made automobiles totaled 1.09 million units in July, up 63.57
Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chineseauto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobilemanufacturer headquartered in Wuhan, Hubei. Stellantis invested €1.5
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's autoindustry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market. For more articles, please visit CnEVPost.
NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chineseautoindustry in the first quarter. The price war has had a big impact on the autoindustry, and NIO will not follow suit. Photo taken by CnEVPost.) percent from a year earlier and up 14.3
The deputy director of one of the Chinese government’s top think tanks has called for automakers to shift their focus to environmentally friendly and energy saving targets. Tags: Green cars Latest news China China Association of AutomobileManufacturers China autoindustry China energy saving.
Price war has been the most talked about topic in China's autoindustry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
Image credit: Chery New Energy) Chineseauto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.
In the next few years, 70% of electric vehicles in Russia will use Chinese charging stations. According to statistics from the China Automobile Dealers Association, my country’s auto exports will reach 2.015 million in 2021, a year-on-year increase of 101.1%, exceeding 2 million for the first time in history.
A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year.
de Meo tries to avoid blame for fines industry knew were coming Today, Luca de Meo, who is CEO of Renault and also head of the European AutomobileManufacturers Association (ACEA), said to Inter radio in France that fines could total €15 billion if fleet emissions remain at today’s level, or that automakers would need to give up the production of 2.5
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