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China sees better-than-expected recovery in automobile market
China's automobile market continues to rebound in September and the retail sales of passenger vehicles are expected to increase by about 8 percent year-on-year, according to China Automobile Dealers Association (CADA).
September21,2020
Chinese market becomes "most important pillar" for German carmakers in Q2: Ernst & Young
Three major German carmakers of Volkswagen, BMW and Daimler had reported more sales in China with a year-on-year increase of five percent in the second quarter (Q2) of 2020, according to a study published by global consulting firm Ernst & Young (EY) on Wednesday.
September10,2020
China's leading automaker FAW posts strong sales growth
First Automotive Works (FAW) Group Co., Ltd., China's leading automaker, sold 314,454 vehicles in August, up 14 percent year on year, according to corporate sources.
September09,2020
FAW-Volkswagen to recall 2,854 imported Audi vehicles in China
FAW-Volkswagen Automobile Co., Ltd. will recall some imported Audi vehicles from the Chinese market because of a possible risk of fires, according to the country's top quality watchdog.
September07,2020
Spotlight: European companies confident in Chinese market in post-pandemic era
For 52-year-old businessman Stefan Doboczky, the train heading for China on Aug. 20 from Vienna with 41 containers of products on board made by his company the Lenzing Group also carried his confidence in the Chinese market.
September04,2020
Volkswagen to launch road test for self-driving vehicles in east China
German carmaker Volkswagen will pilot its autonomous-driving travel service in China as the first license plate for road tests was issued to the company on Wednesday.
August28,2020
Auto giants benefit from China car recovery
Car sales in China accelerated in July, which provided support to the world's auto giants, Bloomberg said in a recent report.
August13,2020
Chinese market becomes main engine of global automotive industry, report
The Chinese auto market is accelerating its recovery with the effective control of the COVID-19 epidemic and introduction of a slew of policies supporting domestic consumption, the Xinhua-run Economic Information Daily reported on Tuesday.
August11,2020
China's leading automaker posts strong sales growth
First Automotive Works (FAW) Group Co., Ltd., China's leading automaker, sold 322,471 vehicles in July, up 23.2 percent year on year, according to corporate sources.
August11,2020
Chip, battery become new focus of core technology competition in China's automobile industry
Chips and batteries have become the new focus in the core technology competition of China's automobile industry, bringing opportunities for independent innovation, reported Economic Information Daily Tuesday.
August05,2020
China's leading automaker posts sales growth
China's leading automaker First Automotive Works (FAW) Group Co., Ltd. sold more than 1.63 million vehicles in the first half of 2020, up 2.3 percent year on year.
July27,2020
VW boss: slight recovery seen, but corona crisis has hit firm hard
Volkswagen chief executive Herbert Diess says that there have been signs of a slight improvement in the car sector but that the financial losses resulting from the corona crisis remain immense.
July17,2020
BMW awards major battery cell contract to Swedish firm Northvolt
BMW has awarded a major contract expanding the field of its suppliers of battery cells.
July17,2020
VW subsidiary Sitech, supplier Brose plan joint venture
The Volkswagen seat manufacturer Sitech aims to set up a joint venture with the car components company Brose.
July15,2020
Honda invests in China's leading lithium-ion battery maker
Japanese automaker Honda will buy a one-percent stake in Contemporary Amperex Technology Co. Limited (CATL), China's largest lithium-ion battery maker, the two companies announced on Friday.
July13,2020
Chinese automaker FAW Group sees growing sales in H1
Despite the novel coronavirus outbreak, China's leading automaker FAW Group sold over 1.63 million vehicles in the first half (H1) of 2020, up 2.3 percent year on year, according to the automaker.
July09,2020
FAW-Volkswagen reports robust H1 sales
FAW-Volkswagen Automobile Co., Ltd. sold 874,174 vehicles in the first half of 2020, leading the domestic passenger car market, the company said on Tuesday.
July08,2020
Foreign investors keep enthusiasm for Chinese companies despite pandemic
PepsiCo bought Chinese snack food brand Be & Cheery for 700 million U.S. dollars and Volkswagen announced it would increase its stake in JAC Volkswagen to 75 percent and acquire 26 percent of Gotion High-tech...foreign investors maintain enthusiasm for investing in Chinese enterprises despite the impact of the COVID-19 pandemic.
July07,2020
Volkswagen to recall 1,220 imported vehicles in China
Volkswagen Group Import (China) Co. and FAW-Volkswagen Automobile Co. will recall over 1,000 imported vehicles in the Chinese market due to concerns over transmission oil leakage, said China's quality watchdog.
June22,2020
Truck maker Scania mulls staff cuts amid lower demand over virus
Swedish truck maker Scania - part of the Volkswagen Group - said on Monday it was considering reducing its roughly 51,000-strong global workforce by 10 percent amid weaker demand due to the coronavirus pandemic.
June03,2020
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