People visit the exhibition area of BYD, China’s new energy vehicle manufacturer, during the 19th China (Changchun) International Automobile Expo in Changchun, capital of Northeast China’s Jilin province, July 15, 2022. [Photo/Xinhua] BEIJING — China saw about 2.24 million passenger vehicles sold in June, of which 1.2 million were domestic brands, accounting for 53.7 percent… Continue reading Homegrown passenger vehicles secure half of domestic market in June
Author: China Daily Online News
Electric brand smart to raise up to $300 million in series A round
The smart #3 is scheduled to hit the European market in early 2024. [Photo provided to chinadaily.com.cn] Mercedes and Geely joint venture-smart Automobile Co- announced a plan on Friday to raise $250 million to $300 million, as part of its efforts to accelerate its global development. The electric brand said this series A round will… Continue reading Electric brand smart to raise up to $300 million in series A round
China’s NEV sales surge 44.1% in H1
Employees work at the Tesla Gigafactory in Shanghai, Nov 20, 2020. [Photo/Xinhua] BEIJING – China’s new energy vehicle (NEV) sales surged 44.1 percent year-on-year to nearly 3.75 million units in the first half of 2023, data from the China Association of Automobile Manufacturers showed Tuesday. NEV sales in June stood at 806,000 units, increasing 35.2… Continue reading China’s NEV sales surge 44.1% in H1
China’s auto sales up 9.8% in H1
BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING/FOR CHINA DAILY] BEIJING – China’s auto sales rose 9.8 percent year-on-year to 13.24 million units in the first half of 2023, data from the China Association of Automobile Manufacturers showed Tuesday. Auto sales reached about 2.62 million units… Continue reading China’s auto sales up 9.8% in H1
Geely, Renault to build powertrain joint venture
Geely showcases one of its methanol trucks at the 5th Methanol Vehicles and Fuel Application Equipment Exhibition held in Beijing from June 15 to 16, 2023. [Photo provided to chinadaily.com.cn] Geely said on Tuesday it has signed a binding agreement with Renault to build a powertrain technology company that will offer products to both of… Continue reading Geely, Renault to build powertrain joint venture
Skyworth highlights safety in race to win customers
He Yongpan, vice-president of Skyworth Auto, explains newly added safety features of its model EV6, on July 6. [Photo provided to chinadaily.com.cn] Skyworth Auto has prioritized safety features in its models as the Chinese carmaker explores the increasingly heated new energy vehicle market. He Yongpan, vice-president of the carmaker, said it has introduced its latest… Continue reading Skyworth highlights safety in race to win customers
Faster localization vital to realize Audi’s ambitions
Hildegard Wortmann, member of Audi’s board of management for sales and marketing. [Photo provided to chinadaily.com.cn] Audi has great potential in China and the key to its success in the world’s largest auto market is faster localization, said a senior executive. “China is so important to us and very close to my heart. I think… Continue reading Faster localization vital to realize Audi’s ambitions
Driverless taxis to start paid service in capital
Baidu and Pony.ai’s autonomous driving vehicles test on the street in Yizhuang in Beijing’s southern suburb. CHINA DAILY Driverless: Trials a solid foundation for commercial run A larger fleet of driverless taxis will soon be available for hire in the capital city as the Office of the Beijing High-Level Autonomous Driving Demonstration Zone has decided to… Continue reading Driverless taxis to start paid service in capital
China’s annual auto sales expected to peak at 40m units
Workers are busy in the Lingang factory of SAIC Motor in Shanghai. [Photo/Xinhua] SHANGHAI — China’s annual auto sales are expected to peak at around 40 million units, said Fu Bingfeng, executive vice-president and secretary general of the China Association of Automobile Manufacturers. Fu said that the forecast was made at the 2023 China Auto… Continue reading China’s annual auto sales expected to peak at 40m units
China’s leading EV producer posts strong sales in H1
BJEV, a subsidiary of China’s BAIC Group, showcases its Arcfox-branded electric vehicle at the Guangzhou auto show in 2019. [Photo by Li Fusheng/China Daily] BEIJING — Beijing Electric Vehicle Co (BJEV), the electric car-making arm of Beijing Automotive Group Co Ltd (BAIC Group), sold 35,191 vehicles in the first half of this year. The figure… Continue reading China’s leading EV producer posts strong sales in H1