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China automobile sales up 9.6 percent in May 2018

BEIJING – China’s automobile sales in May reached 2.29 million units, up 9.6 percent from the same period of the previous year, according to data released by China Association of Automobile Manufacturers (CAAM) on June 11. Passenger vehicle sales reached 1.89 million units, up 7.9 percent, while commercial vehicle sales

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Foton announces three-year action plan aiming to become a top three heavy-duty truck maker by 2020

BEIJING – Foton announced its three-year action plan here on May 19 with an aim to become a top three heavy-duty truck maker by 2020. The three-year action plan involves strategic direction, management principles and development measures for Foton’s major businesses.   Strategic direction Foton will continue to enhance its

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China automobile sales up 11.5 percent in April 2018

BEIJING – China’s automobile sales in April reached 2.32 million units, up 11.5 percent from the same period of the previous year, according to data released by China Association of Automobile Manufacturers (CAAM) on May 11. Passenger vehicle sales reached 1.91 million units, up 11.2 percent, while commercial vehicle sales

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The race is on for the lucrative NEV credits

The 2016 Corporate Average Fuel Consumption (CAFC) and New Energy Vehicle (NEV) credits for China’s passenger vehicle manufacturers and importers jointly released by the Ministry of Industry and Information Technology (MIIT), Ministry of Commerce, General Administration of Customs and State Administration of Quality Supervision, Inspection and Quarantine on March 9

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China domestic PV end-user sales up 2.37 percent in November 2017

According to data from CBU Analytics, China’s registration volume of locally-produced passenger cars, MPVs and SUVs in November 2017 reached 2.36 million units, up 2.37 percent year-on-year. Passenger vehicles with engine displacement of 1.6L and below increased to take up 71.07 percent of the total domestic PV registration volume. In

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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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NEV tax exemption scheme extended until end of 2020

BEIJING – China has extended the purchase tax exemption scheme for new energy vehicles by three years until the end of 2020 in order to further support market development, according to an announcement released jointly by the Ministry of Finance, State Administration of Taxation (SAT), Ministry of Industry and Information

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China PV end-user sales up 5.55 percent in October 2017

According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in October 2017 reached 2.18 million units, up 5.55 percent year-on-year. Passenger vehicles with engine displacement of 1.6L and below increased to take up 69.72 percent of the total PV registration volume, as purchase tax rate

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Up 0.19 percent: China PV end-user sales return to positive growth in January-September 2017

According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in the first three quarters of 2017 reached 16.3 million units, up 0.19 percent year-on-year, finally returning to positive growth territory after cumulative sales growth had decreased through to August. Passenger vehicles with engine displacement

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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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