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Piaggio Group and Foton sign final contract to jointly develop LCVs

PONTEDERA, Italy – Italy’s Piaggio Group and leading Chinese light commercial vehicle manufacturer Foton signed the final contract here on May 17 for the development and production of a new range of four-wheel light commercial vehicles. The signing comes about eight months after the two partners signed a preliminary agreement in

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Sales performance of passenger vehicle manufacturers in 2016

BEIJING – China’s production and sales of passenger vehicles reached 24,421,000 and 24,377,000 units in 2016, a year-on-year increase of 15.5 and 14.9 percent and 1.0 and 1.3 percentage points higher than the overall growth of the automobile industry. Most of the passenger vehicle manufacturers completed their sales target set

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Chen Wei: Charging hampers NEV industry development, battery swap could be go to solutio

EV charging is a headache for many car owners, but Chen Wei, vice president of Lifan Holdings Co., Ltd., recommended another way: battery swapping.    “The model of charging has become a bottleneck hampering the NEV industry development. Therefore, we hope battery swapping for EVs can be a choice for

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Top 10 nameplates account for one-fifth of China PV registration through November 2014

BEIJING – The top 10 nameplates accounted for a fifth of China’s total passenger vehicle (passenger car, SUV and MPV) registrations (excluding imports) in the first 11 months of 2014, according to data compiled by CBU Analytics. The top 10 nameplates (see chart below) had combined registrations of 2.9 million

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End-user sales and China’s future market

Recent work conducted by CBU in association with Risk Simulator® on China’s end-user sales data has revealed interesting findings that shed light into how the world’s largest new automobile market will evolve both short and long term. According to our short-term forecast model based on the monthly end-user sales data

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