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Sales of FAW-Volkswagen passenger cars in China surge in February
The Sino-German auto joint venture FAW-Volkswagen Automotive announced recently that the sales of its passenger cars including imported Audi cars stood at 118,100 units, ranking the first among passenger car enterprises by sales in China.
BYD electric-powered taxis run in Montreal
The first batch of BYD electric-powered taxis have started to run on the streets of Montreal.
Interview: Chinese market critical for GM's survival through financial crisis -- business leader
It would be harder for U.S. automobile manufacturer General Motors (GM) to survive the 2009 financial crisis if the brand had not founded a joint venture with the Shanghai Automotive Industry Corporation (SAIC), said a veteran U.S. business leader.
Freight train departs Chongqing for ASEAN countries
Southwest China's Chongqing Municipality launched a new freight train on Tuesday to better serve transportation along the land-sea trade corridor.
SAIC Motor sees 17 pct sales decline in Jan.-Feb.
Chinese carmaker SAIC Motor Corporation Limited saw auto sales fall 16.9 percent year-on-year in the first two months of 2019 amid a wider sales slump in the world's largest auto market.
Weekly snapshot of China's local business news
The following are highlights of China's key local business news from the past week.
Passenger car sales down 19 pct in February
Sales of passenger cars in China, including cars, sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) fell 19 percent year-on-year to 1.17 million units in February, according to the data released by China Passenger Car Association (CPCA).
Guangzhou Automobile sees 4 pct sales decline in Jan.-Feb.
Chinese automaker Guangzhou Automobile Group Co., Ltd. (GAC Group) posted a 4 percent decline in its auto sales in the first two months of 2019, mainly dragged down by a plunge in SUV sales.
Auto imports via Tianjin port rank No.1 nationwide in 2018
North China's Tianjin ports saw auto imports reach 379,000 vehicles in 2018, ranking No.1 among all ports in China, reported Tianjin Daily Monday.
China Evergrande Group sets up new NEV subsidiary
Real estate conglomerate China Evergrande Group has set up a new subsidiary engaging in new energy vehicles (NEV), China Securities Journal reported on Tuesday.
China expected to map out more policies to boost auto consumption
China is likely to roll out more policies to stimulate new auto and second-hand vehicle consumption, reported the Xinhua-run Economic Information Daily Wednesday.
China Focus: Searching for new economic engines for China
As the annual sessions of China's national legislature and political advisory body in early March move to identify new engines to turbocharge the world's second-largest economy.
China sees fast expansion of NEVs charging infrastructure
China has built 853,000 charging stations for new energy vehicles (NEVs) by the end of January, surging 80.1 percent from a year earlier, the Securities Times reported, quoting an industry report.
Shanghai port sees auto imports decline in 2018
Automobile imports via Shanghai port fell 9.8 percent year on year to 373,000 last year, according to Shanghai Customs.
Biz China Weekly: Home prices, investment, e-commerce and auto sales
The following are the highlights of China's key business news from the past week.
BYD breaks ground on massive battery plant in Chongqing
China's automaker BYD broke ground on its new factory in southwest China's Chongqing Municipality on Friday, aiming to produce batteries for electric vehicles (EVs).
Chinese market becomes ever-stronger magnet for foreign investment
China is attracting growing foreign investment in spite of global FDI sluggish.
Economy and Data Brief
Economy and Data Brief
Great Wall Motor to start new auto project in east China
Chinese automaker Great Wall Motor signed an agreement with the government of Taizhou, east China's Jiangsu Province Wednesday to set up a new automotive manufacturing base.
Chinese autos gain consumer confidence, market share in Ecuador
The market share of Chinese-made automobiles in Ecuador have increased rapidly over the past three years, currently ranking third in sales volumes, showed data recently released by Ecuador's Association of Automotive Companies (AEADE).
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