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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry 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. Sales of domestic sedans hit 2.22

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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

Green Car Congress

The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.

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Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets

Green Car Congress

He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 In fact, annual sales and production could exceed 17 million, CAAM said.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of Automobile Manufacturers (CAAM). Official figures for vehicle production and sales are scheduled for release next Monday. People’s Daily.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

Terms of the sale were not disclosed. The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers. Headquartered in Saginaw, Mich., Headquartered in Saginaw, Mich.,

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

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

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European car sales up 15% in July, EV sales rise more than 60%

Electric Cars Report

European new car sales jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, according to data from the European Automobile Manufacturers Association (ACEA).

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