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2018 China Auto Forum: “Internet thinking” not a pedestal for the auto industry

BEIJING – Automakers should not put “Internet thinking” on a pedestal and overly depend on it, but rather focus to develop related technologies in a pragmatic manner so as to create a competitive advantage in automotive mobility technologies, according to Li Shufu, chairman of Geely Holding Group. Li made the

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Top 10 News Stories of 2017

The year 2017 came and went by in the blink of an eye. News and events, often of blockbuster proportions, happened not by the weeks or days, but by the hours or even minutes. As a review of the year, the editorial board of CBU/CAR has selected the following Top

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China heavy-duty truck sales surge 52.38 percent in 2017

China produced and sold 1,149,700 and 1,116,900 heavy-duty trucks in 2017, a surge of 55.07 and 52.38 percent from the previous year, according to statistics released by China Association of Automobile Manufacturers (CAAM) on January 11. Although heavy-duty truck market experienced a decline in the last two months of 2017

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China automobile sales increase 3.04 percent in 2017

BEIJING – China’s automobile sales in 2017 increased 3.04 percent from the previous year to 28.88 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on January 11. In 2017, passenger vehicle sales reached 24.72 million units, up 1.40 percent, while commercial vehicle sales reached 4.16 million

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China light vehicle sales to reach 28.1 million units in 2018, says IHS Markit forecast

SOUTHFIELD, Michigan – China’s light vehicle sales in 2018 are expected to be flat over 2017, up just 0.2 percent to 28.1 million units, according to the latest forecast from industry consultancy IHS Markit published on January 11. That volume will account for roughly 30 percent of the global light vehicle

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CAAM: China auto sales to grow 3 percent in 2018 to 29.87 million units

CHANGSHA, Hunan – China’s automobile sales are expected to grow by 3 percent in 2018 to about 29.87 million units, according to China Association of Automobile Manufacturers (CAAM). Xu Haidong, assistant to the secretary general of CAAM, made the prediction at the 2018 China Automobile Market Development and Forecast Summit

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China automobile sales up 0.65 percent in November 2017

BEIJING – China’s automobile sales in November increased 0.65 percent from the same period of the previous year to 2.96 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on December 11. Passenger vehicle sales reached 2,589,500 units, down 0.03 percent, while commercial vehicle sales reached

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