Industry

Carmakers need more time to adjust to carbon credits system: CAAM 

Auto manufacturers need more time to shift to the new-energy vehicle credits system, said the CAAM.

Five Chinese-made SUVs outsell Volkswagen Tiguan in Jan.

Five Chinese-made SUVs outsold their Volkswagen counterpart in China in January. They are the Changan CS75, Baojun 560, Buick Envision, Trumpchi GS4, and Haval H6.

China's proprietary car brands rush to overseas markets

China's proprietary auto brands, including JAC, Geely, and Chery, are seeking to expand their footprints overseas.

Less than 20 pct of NEV quotas left open for individual application in Beijing

The number of new-energy vehicle quotas applied and confirmed to be extended has reached 42,384 in Beijing as of February 8.

Used car sales on upward trend as provinces remove trade barriers

China's used car sales hit a record high in 2016, posting 10.3 percent growth year-on-year, as local authorities have been removing barriers on cross-provincial-border vehicle sales.

New-energy vehicle sales to surge over 50%

China's new-energy vehicle market is expected to keep its more than 50 percent growth this year as more new models will be launched, the China Association of Automobile Manufacturers has said.

NW China's Shaanxi eyes forefront of NEV market this year

Shaanxi province will go all out to enter the first camp in terms of new-energy vehicle sales this year.

Companies

Dongfeng seen benefiting from Opel's technology

Dongfeng Motor Group Co has seen its stake in PSA Group more than double in value to 2.2 billion euros (2.3 billion US dollars), since bailing out the maker of Peugeot and Citroen cars in 2014.

Audi dealers oppose SAIC production, sales plan

Audi AG's dealers in China on Thursday expressed a new wave of opposition to the German carmaker's intention to produce and sell cars with SAIC Motor.

Izzy Zhu to join NextEV as VP

Izzy Zhu, former vice president of Lexus China, will join NextEV as vice president, said a source with the electric car startup.

China's used car trading company Youxin raises millions in funding

Chinese used car trading platform Youxin raised 500 million US dollars in a new round of funding led by TPG Growth, Jeneration Capital and China Vision Capital in January to further expand its businesses, services and branding, according to the company.

Changan expects to sell 3.3 mln vehicles this year

Changan Automobile Company Limited aims to produce and sell more than 3.3 million vehicles this year, according to the company's statement released Wednesday.

BYD to boost battery capacity by 60 pct in 2017

BYD is expanding its Kengzi base to increase its annual battery production capacity by 60 percent this year. The auto manufacturer also plans to introduce eight new-energy vehicles.

Dongfeng Yueda Kia to recall defective automobiles

Dongfeng Yueda Kia Motor Co., Ltd. is to recall 31,803 defective automobiles over defective rear traction rods, according to China's consumer quality watchdog.

BMW Group achieves new sales record in China in January

German automaker BMW Group announced on Friday that its sales in China achieved double-digit growth in January, hitting a new record.

 

Email: lansuying@nbd.com.cn