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
Tag: AUTO
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
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.
Tesla’s latest price cut backed by engineering innovations, company sticks to cost-based pricing, said executive
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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.
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.
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
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
NIO suffers user data breach, hacker demands $2.25 million worth of bitcoin
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China’s commercial vehicle sales fell 7.5% in Nov from a year earlier
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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.
China’s auto sales fell 7.9% on year in Nov, down 7.1% from previous month – industry body
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China’s installed capacity of power batteries rose 64.5% on year in Nov – industry body
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Li Auto reported weaker-than-expected revenue for Q3, net loss widened
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Tesla said to shorten production shifts at Shanghai plant as inventory climbs
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BYD becomes 3rd largest shareholder of Chinese lithium supplier Chengxin
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Tesla offers limited time discount to Chinese buyers
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Guangzhou aims to bring its fuel cell car industry to more than 10 billion yuan by 2025 – government plan
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China’s vehicle inventory alert index climbed in Nov; over 40% auto dealers temporarily closed stores last month – industry body
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Tesla Shanghai factory’s vehicle delivery hit record in November
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Chinese carmakers rallied amid market speculation of purchase tax cut extension
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BYD ranked top-selling car brands in China in first four weeks of Nov
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Volkswagen expects sales in China to stagnate at 3.3 mln in 2022
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BYD reportedly plans to mass produce sodium-ion batteries in Q2 2023
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China’s WM Motor said to cut salaries, shelf benefits amid sluggish sales
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Several luxury car brands in China start offering discounts of up to 20% in price guides
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Xpeng Motors set up subsidiary with 5 bn yuan registered capital, business scope includes battery manufacturing
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BYD received 64 electric bus orders from largest bus operator in Nordic Nobina
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Tesla’s delivery waiting time in China cut to 1 – 5 weeks
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China’s passenger car sales rose 7.2% on year in Oct, NEV penetration hit 30.2% – industry association
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Berkshire Hathaway sold BYD shares for third time since August
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Year 2023 to be more painful for China’s auto industry, passenger vehicle sale may drop double-digit – Credit Suisse
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China’s retail sales of passenger vehicles rose 11% on year in October – industry association
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China’s auto spending expected to stay firm, used car sales remain strong – research
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NIO’s two factories in Hefei temporarily suspended production amid Covid outbreaks – report
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October vehicle delivery data of Nio, Xpeng, Li Auto, etc
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Geely Auto submit proposal to spin-off, separate listing of new energy unit Zeekr
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Sanya city offers additional subsidies up to 10,000 yuan per car for battery swap NEVs
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Chinese carmakers account for 5% of electric cars sold in Europe this year, share may reach 18% by 2025 – research
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China’s vehicle inventory alert index rose in Sept, indicating higher inventory pressure on dealers
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Volkswagen’s unit to spend $2 bn for stake in joint venture with Horizon Robotics
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China’s retail sales of new energy passenger cars rose 14.7% on month in Sept, penetration rate hit 31.8% – industry body
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China’s passenger car exports surged 85% on year in September – industry body
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China’s retail sales of passenger cars likely rose 21% on year in September – industry association
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Chinese automakers see sell-off, J.P.Morgan expects more pressure on auto stocks, slashed target prices on BYD, Great Wall Motor
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Chinese carmaker BYD surges on strong sales in Sept, partnership with car rental firm SIXT
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