China’s passenger car sales fell 45% on year in Jan 1 – 27 – industry body
Retail sales of passenger vehicles in mainland China reached about 985,000 units in the period of Jan 1-27, falling 45% from a year ago and …
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China’s auto exports surged 54% to jump above 3 mln units in 2022
China exported a total of 3.11 million units of vehicles in 2022, surging 54.4% from a year earlier, according to data released by the China Association of Automobile Manufacturers.
BYD shares hit highest in more than four month on expansion plan in India, strong performance in China in 2022
Chinese electric vehicle maker BYD Company surged as much as 9.1% to hit HK$236.8, the highest in more than four month. Its Shenzhen-traded shares jumped …
China’s passenger car sales rose 3% on year in Dec, 2022 sales grew 1.9% – industry body
China’s retail sales of passenger cars reached 2.169 million units in December of 2022, rising by 3% from a year earlier and jumping by 31.4% from the prior month, marking the fastest month-on-month growth for the month since 2008, according to data released by the China Passenger Car Association on Tuesday.
CATL, BYD saw global market share expand further as South Korean rivals’ share dropped further – research
South Korean electric vehicle battery makers’s global market share dropped in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, shows a research.Â
China’s vehicle inventory alert index rose on year in December – industry body
China’s vehicle inventory alert index, which reflects the inventory pressure on auto dealers, hit 58.2% in December, rising by 2.1 percentage points from a year earlier, but sliding 7.1 percentage points from the previous month.
About 50% of auto dealers in China suffered losses in 2022 – industry body
China’s auto dealers were under high inventory pressure in 2022, and about 50% of dealers suffered losses last year, according to a survey conducted by the China Association of Automobile Manufacturers.Â
Chinese carmakers’ shares tumble amid demand concerns
Chinese automakers are sliding in Hong Kong, with NIO slumping nearly 10% as of 10 am local time, Xpeng Motors down more than 7%, Li Auto falling nearly 6%, Great Wall Motors down 2.2%.
China’s retail sales of passenger cars expected to rise 4.5% on year in Dec – industry association
China’s retail sales of passenger vehicles are expected to reach 2.2 million units in December, rising 4.5% from a year earlier and up 33.3% from the previous month.
Shares of Chinese automakers are rallying on strong passenger car sales last week
Xpeng Motors is surging 11.5%, Nio and Li Auto gaining about 5%, Leapmotor and Great Wall Motors up more than 3%. Data released by the …
China’s retail sales of passenger cars rose 44% on week in Dec 12 – 18 – industry body
China’s retail sales of passenger cars reached 542,000 units in the week of Dec 12 – 18, rising 18% from a year earlier, up 44% …
Czech Carmaker Skoda Auto considers withdrawing from China
Czech carmaker Skoda Auto considers withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by Automobilwoche magazine.
