CHONGQING – The Chinese government is driving the switchover from internal combustion engine powered cars to new energy vehicles with a short-term target of converting 12 percent of overall vehicle sales to NEVs by 2020 and 20 percent by 2025. “China is poised to have 1 million NEVs on the roads
Read MoreBEIJING – China Grand Auto Service Co., Ltd. solidified its position as China’s leading automobile dealer group with sales revenue of more than ¥160 billion and vehicle sales of over 1.1 million units (including used vehicles) in 2017, according to the latest rankings released by China Automobile Dealers Association (CADA) on May
Read MoreBEIJING – China’s auto market is both big on a volume basis, and highly open, with plenty of room for growth in the next five years, according to Xu Changming, deputy director of the State Information Center (SIC). Xu made the comments at the 2018 China Auto Bluebook Forum hosted
Read MoreSHANGHAI – Porsche China and Porsche Hong Kong Sales Co. announced on March 20 that Jens Puttfarcken, current CEO at Porsche Deutschland GmbH, has been appointed president and CEO of Porsche China and Porsche Hong Kong, effective July 1, 2018. Puttfarcken has nearly 27-year rich experiences in the auto industry
Read More
The Chinese Lunar New Year of the Dog started out with a bang for the Chinese auto industry. And that is a gross understatement considering that two blockbuster news events happened on the same day on February 23, the eighth day into the New Year and second day back to work
Read MoreIf we can infer anything from January’s “surprising” heavy-duty truck sales tally, it would be that the year will end up being anything but like it. Whenever Chinese New Year falls in February, January sales usually start out with a bang. That is a given for the heavy-duty truck market,
Read MoreThe 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
Read MoreGUANGZHOU – GAC-Hino launched a new Zhenzhi series 700 heavy-duty truck to the market in Guangzhou on January 23. The 700 heavy-duty truck is equipped with the P11C engine from Shanghai Hino Engine Co., Ltd., domestic popular brand transmission and SCR system. The new truck adopts the latest vehicle frame
Read MoreChina 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
Read MoreBEIJING – 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
Read More