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Automobile sales in China fell off 17.8% in August to 1.799M vehicles in comparison to last year and were down 8.2% from the level for the same month in 2019, according to China Association of Automobile Manufacturers. Major automakers like Ford (NYSE:F), Honda (NYSE:HMC), General Motors (NYS...
China's retail sales of passenger cars rose 69% Y/Y to 5.09M vehicles in Q1, strongest quarterly growth in recent decades, returning to pre-pandemic levels - WSJ.Last year, Q1 sales contracted 42% Y/Y due to COVID-19.1Q21 sales matched nearly 5.08M passenger cars sold in 1Q19, but fell s...
Guangzhou Automobile reported February sales numbers in early-March, and its performance was good with sales volume up +65% YoY and +443% YoY in February 2021 and 2M 2021, respectively. The company's FY2021 financial results will be dependent on the extent to which the strength of its...
China's retail sales of passenger cars rose 25.7% Y/Y to 2.16M vehicles, the strongest growth since September 2016 - China Passenger Car Association.Sales of electric cars expanded 281.4% Y/Y to 158K in January but dropped 23.9% M/M.Retail sales declined 20% in January 2020 and 7% in December...
According to Edmunds, EV sales were 1.9% of total retail sales in the U.S. in 2020 and expect this number to grow to 2.5% in 2021."After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector," said Jessica Caldwell, Edmunds'...
Guangzhou Automobile's electric vehicle brand Aion is to operate independently going forward, which could be a prelude to the IPO of the company's new energy vehicle subsidiary. The company's gross profit margin decline and continued losses associated with its proprietary brand busine...
Lizhi (LIZI) inks cooperation agreement with GAC AION New Energy Automobile and GAC Motor to explore and collaborate on business opportunities in the in-car audio market.GAC AION and GAC Motor are subsidiary of Guangzhou Automobile Group (GNZUF).This collaboration will include the deployment ...
Baidu (BIDU) has held talks with automakers in China about the possibility of producing electric vehicles, sources tell Reuters. The tech powerhouse is said to considering contract manufacturing or creating a majority-owned venture with an existing automaker. Baidu is reported to have held pr...
As the market recovers, China’s sales of SUVs, minivans and sedans rose by double digits in November but were below pre-pandemic levels for the year. Sales rose 11.6%Y/Y to 2.3M, according to the China Association of Automobile Manufacturers.Total vehicle sales, including trucks and bu...
Vehicle sales in China including trucks and buses rose 12.5% Y/Y in October as the industry recovered from the coronavirus. However, the sales were down from September’s 17.4%. Sales in the biggest global auto market surged to 2.6M. Passenger vehicle sales rose 9%, with some autom...
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Toyota Motor Corporation (NYSE: TM) has reportedly told dealers that it will extend a program to lower output at one of its joint ventures in ...