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Heavy-duty truck sales up 21 percent in December, annual sales reach new record of 1.14 million units

Surprise again! Heavy-duty truck industry maintained its positive growth trend in December with sales reaching 80,000 units, up 21 percent on a yearly basis, according to the latest manufacturer reported data obtained by cvworld.cn.  For the unexpected performance of heavy-duty truck market in December, cvworld.cn believes the following factors contributed to

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MIIT’s ICV development action plan targeting 30 percent penetration rates of IoV and L2 ADAS by 2020

BEIJING – China is targeting to achieve more than 30 percent penetration rates in both Internet of Vehicles (IoV), or telematics, and Level 2 advanced driver assistance systems (ADAS) on new vehicles by 2020, according to the Internet of Vehicle (Intelligent Connected Vehicle) Industry Development Action Plan released by the Ministry of Industry and Information

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Happy New Year!

It’s time to make some predictions on the market in 2019 and beyond. Wang Xing, founder and CEO of Meituan, China’s leading O2O catering services platform, recently offered a rather perplexing view on the year 2019: “It will be the worst year of the last decade but the best year of the next decade.” The Chinese auto

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