SAIC’s Roewe brand showcases its models at the 2023 Shanghai auto show. [Photo provided to CHINA DAILY] BEIJING – China’s auto sales rose 10.6 percent year-on-year to 6.72 million units in the first quarter of this year, data from the China Association of Automobile Manufacturers showed Wednesday. In March alone, auto sales exceeded 2.69 million… Continue reading China’s auto sales up 10.6% in Q1
Author: China Daily Online News
2024 Shanghai Auto Culture Festival revs its engine this April
[Photo provided to chinadaily.com.cn] The 2024 Shanghai Auto Culture Festival will be held in Jiading district from April 19 to May 31, celebrating the return of the Formula 1 Chinese Grand Prix as well as the 20th anniversary of its landing in Shanghai. The Formula 1 Chinese Grand Prix, which has been absent in Shanghai… Continue reading 2024 Shanghai Auto Culture Festival revs its engine this April
Chinese NEV makers encouraged to develop oversea markets
Visitors look at an electric MG Cyberster during the 45th Bangkok International Motor Show in Bangkok, Thailand, March 27, 2024. [Photo/Xinhua] The Ministry of Industry and Information Technology, China’s top industry regulator, said in an exclusive interview with China Daily that it will step up efforts to encourage Chinese new energy vehicle enterprises to accelerate… Continue reading Chinese NEV makers encouraged to develop oversea markets
Tesla pulls a U-turn on affordable vehicle plans
Tesla showcases its models at the Beijing auto show in 2020. [LI FUSHENG/CHINA DAILY] Tesla has canceled its long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages. The automaker will continue developing self-driving robotaxis on the… Continue reading Tesla pulls a U-turn on affordable vehicle plans
Spotlight on decade of Jaguar Land Rover’s charitable works
The Dream-Building Corner in the Jaguar Land Rover dealership in Beijing’s Sihui area. [Photo/China Daily] At the Jaguar Land Rover dealership in Beijing’s Sihui area, a special section was set up last week. The section, called the Dream-Building Corner, has nothing to do with car displays or sales though. It instead features the British carmaker’s… Continue reading Spotlight on decade of Jaguar Land Rover’s charitable works
Chinese company to produce Slovakia’s flying cars
BRATISLAVA – A Chinese company is set to manufacture certified flying cars developed by Slovak company Klein Vision. On Thursday, Klein Vision announced that it sold its flying cars’ production and sales authorization for the Chinese market to Hebei Jianxin Flying Car Technology, a company based in Cangzhou, North China’s Hebei province, in March this… Continue reading Chinese company to produce Slovakia’s flying cars
China relaxes loan ratios for car purchases
BEIJING — China has released a plan to relax the loan ratios for personal vehicle purchases in a bid to boost consumption and trade-in of automobiles. Financial institutions can independently determine the upper limits of loan ratios for personal gasoline cars and new energy vehicles (NEVs) purchases, according to the plan issued by the country’s… Continue reading China relaxes loan ratios for car purchases
Xiaomi Auto asks suppliers to ramp up production capacity
This photo taken on March 25, 2024 shows assembly lines at a plant of Xiaomi in Beijing, capital of China. Chinese tech firm Xiaomi on Thursday night released its first self-developed new energy vehicle model SU7. [Photo/Xinhua] Xiaomi Auto recently required suppliers for its SU7 electric car to increase production capacity to 10,000 vehicles per… Continue reading Xiaomi Auto asks suppliers to ramp up production capacity
GAC Group announces share repurchase plan
Workers assemble GAC Aion new energy vehicles at a plant in Guangzhou, Guangdong province, in July. [Photo/Xinhua] GAC Group, one of the major automobile manufacturers based in Guangzhou, Guangdong province, announced for the first time its intention to repurchase A-shares and H-shares worth 500 million yuan ($69.15 million) to 1 billion yuan, according to the… Continue reading GAC Group announces share repurchase plan
Shanghai company completes world’s first delivery of ‘air taxi’
Prosperity also known as an “air taxi”, is developed by AutoFlight , a leading eVTOL developer based in Shanghai. [Photo provided to chinadaily.com.cn] AutoFlight, a leading electric vertical takeoff and landing (eVTOL) technology company, recently delivered the first Prosperity eVTOL aircraft to a pioneering operator in Japan for Advanced Air Mobility, which marks the first… Continue reading Shanghai company completes world’s first delivery of ‘air taxi’