A pedestrian walks past an outlet of Uxin, a used car dealing platform, in Shanghai. [Photo/China Daily] Up to 64 percent of secondhand vehicle buyers in China used financial tools in 2022, hitting the same level of new vehicles, according to an annual study by JD Power. The figure was 10 percentage points higher than… Continue reading Used vehicle financing hits record high in China
Author: China Daily Online News
Geely raises stake in Aston Martin to 17%
In this photo illustration, new logo of “Aston Martin” is displayed on a mobile phone screen in front of a computer screen displaying “Aston Martin” in Ankara, Turkiye on August 4, 2022. [Photo/VCG] HANGZHOU – Zhejiang Geely Holding Group on Thursday announced that it has increased its stake in British sports car maker Aston Martin… Continue reading Geely raises stake in Aston Martin to 17%
BMW celebrates 20th anniversary of taking root in China
A BMW is on display at an auto show in Shanghai on April 27, 2023. [Photo/VCG] SHENYANG – BMW Group’s joint venture in China, BMW Brilliance Automotive Ltd (BBA), on Thursday marked the company’s 20th anniversary, announcing further investment and localization of its electro-mobility in China. During a press conference by the company, it said… Continue reading BMW celebrates 20th anniversary of taking root in China
China issues guideline to promote new energy vehicles in rural areas
BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING/FOR CHINA DAILY] BEIJING – China has released a guideline to support people living in rural areas to purchase and use new energy vehicles (NEVs), with a focus on boosting the construction of charging infrastructures. The guideline was jointly… Continue reading China issues guideline to promote new energy vehicles in rural areas
Wuling EVs enable Indonesia’s green mobility
Wuling Air electric vehicles at the camp of Wuling Motors Indonesia are on standby for the 42nd ASEAN Summit in Labuan Bajo, Indonesia. Wuling provided commuter services for delegations to and from the summit venue from May 9 to 11. [Photo/Xinhua] Current chair of ASEAN woos investment, promotes ecosystem for new energy vehicles LABUAN BAJO,… Continue reading Wuling EVs enable Indonesia’s green mobility
Battery maker Zenergy unveils new plant in Changshu
Zenergy’s new battery plant starts operations in Changshu, Jiangsu province, on May 9, 2023. [Photo provided to chinadaily.com.cn] Chinese battery maker Zenergy’s new 25 GWh plant has started operations in Changshu, Jiangsu province, which is expected to help it better meet the growing demand in China, one of the world’s largest battery markets. Cao Fang,… Continue reading Battery maker Zenergy unveils new plant in Changshu
China’s auto exports continue steady growth
A car ro-ro ship is docked at the port of Yantai to load vehicles for export in Yantai, East China’s Shandong province, March 14, 2023. [Photo/VCG] The export volume of Chinese automobile enterprises reached 376,000 units, an increase of 1.7 times year-on-year in April this year, continuing to grow rapidly, CCTV reported on Sunday. From… Continue reading China’s auto exports continue steady growth
Support drives unmanned vehicles in Shanghai
Riding a self-driving taxi in central Shanghai is still futuristic, but one can already see these unmanned vehicles doing test runs in the municipality’s Pudong New Area. The robotaxis strictly follow all traffic rules and regulations — stopping at red lights, minding obstacles, braking or accelerating when necessary and making U-turns. The Shanghai Pudong Jinqiao… Continue reading Support drives unmanned vehicles in Shanghai
Car revolution entering second half: Chinese EV expert
Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. [Photo provided to China Daily] HONG KONG – Electric vehicles have grown in popularity as the world is pushing for net-zero carbon emissions. Hong Kong engineering scientist C.C. Chan, an expert in electric cars, believed it is time for the… Continue reading Car revolution entering second half: Chinese EV expert
Hozon’s electric Neta marque hits Malaysian market
Neta’s booth is crowded with visitors at the Malaysia Autoshow 2023, held from May 4 to 7, 2023 in Kuala Lumpur, Malaysia. [Photo provided to chinadaily.com.cn] Neta, an electric car marque owned by Chinese startup Hozon, launched its Neta V model at the Malaysia Autoshow 2023 that ran from May 4 to 7, marking its… Continue reading Hozon’s electric Neta marque hits Malaysian market