A smart, vertical parking lot in Guiyang, Guizhou province helps drivers park their vehicles automatically, saving space and improving efficiency. [PHOTO/CHINA DAILY] BEIJING – The China Development Bank (CDB), one of the country’s policy banks, has stepped up financial support for the construction of smart parking infrastructure. As of June, the lender had issued 50… Continue reading Chinese policy bank steps up financial support for smart parking
Author: China Daily Online News
China’s auto industry logs robust growth in January-May
A Chery Holding Group employee installs parts in a vehicle at the company’s plant in Wuhu, Anhui province. [Photo/Xinhua] BEIJING – China’s automobile industry registered steady expansion in terms of production, revenue and profit during the first five months of this year, industry data showed. The industrial added value of the sector rose 14.2 percent… Continue reading China’s auto industry logs robust growth in January-May
Car buyers in China more ‘decisive’ than before, says survey
BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING / FOR CHINA DAILY] Car buyers in China need less time than before when they make decisions in the showrooms, according to a JD Power study released on Thursday. The study shows that 73 percent of the polled… Continue reading Car buyers in China more ‘decisive’ than before, says survey
Geely’s Farizon raises $600 million in Series A round
Farizon said it expects to see total sales reach 1 million units in five years. [Photo provided to chinadaily.com.cn] Farizon Auto, a new energy commercial vehicle manufacturer owned by China’s Geely Holding Group, said on Thursday that it has raised $600 million in a Series A funding round. The fundraising round, which was led by… Continue reading Geely’s Farizon raises $600 million in Series A round
China FAW Group ends anniversary ceremony with dazzling drone show
China FAW Group, a leading automaker based in Changchun, Jilin province, topped of its ceremony marking the new Hongqi HS3 vehicle on Monday night with a 2,000-drone light show. In the grand finale, the drones flew over the night sky and formed a series of images and Chinese characters, including the new car, the brand… Continue reading China FAW Group ends anniversary ceremony with dazzling drone show
Volkswagen revs up electrification shift to deepen China presence
A Volkswagen charging station is displayed at the Auto Shanghai show, in Shanghai, China, on April 18, 2023. [Photo/Agencies] TIANJIN – German carmaker Volkswagen Group is revving up its electrification transformation in a bid to expand its presence in the Chinese market. “With a resilient market position, we are laying the foundation to further accelerate… Continue reading Volkswagen revs up electrification shift to deepen China presence
Robot warriors appear at Changchun auto expo
Robot warriors appear at the ongoing 20th Changchun International Auto Expo in Changchun, Jilin province. [Photo by Bai Shi/For chinadaily.com.cn] A group of robot warriors appeared at the ongoing 20th Changchun International Auto Expo in Changchun, Jilin province. In full armor and wielding sharp knives — as in classic Chinese and foreign literature — they… Continue reading Robot warriors appear at Changchun auto expo
China’s auto exports jump 75.7% in H1
Export-bound vehicles await loading at Lianyungang Port in Jiangsu province in June. [WANG CHUN/FOR CHINA DAILY] BEIJING — China’s automobile exports soared 75.7 percent year-on-year in the first half of this year (H1), sustaining the trend of robust expansion, data from the China Association of Automobile Manufacturers showed. During the period, the country exported 2.14… Continue reading China’s auto exports jump 75.7% in H1
70 years on, China’s auto industry becomes major force in global auto landscape
Welding robots work at a welding workshop of sedan manufacturer FAW-Hongqi in Changchun, Northeast China’s Jilin province, July 6, 2023. [Photo/Xinhua] CHANGCHUN — China’s leading automaker FAW Group Co Ltd celebrated its 70th anniversary as its 55.77 millionth car rolled off the intelligent production line on Saturday. The construction of the First Automotive Works, China’s… Continue reading 70 years on, China’s auto industry becomes major force in global auto landscape
Chinese-branded passenger car sales up 22.4% in H1
This photo shows the final inspection line of the new energy vehicle assembly shop of GAC Aion in Guangzhou, Guangdong province, July 3, 2023. [Photo/Xinhua] BEIJING — Sales of Chinese-brand passenger vehicles grew 22.4 percent year- on-year in the first half of the year (H1), industry data showed. About 5.99 million Chinese-brand passenger vehicles were… Continue reading Chinese-branded passenger car sales up 22.4% in H1