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The tariff cut and its short- and long-term impacts on the industry

The swift move by the Ministry of Finance on May 22 to cut import tariffs for automobiles and components (see China reduces import tariffs for autos to 15 percent, components tariffs cut to 6 percent), coming just 42 days after President Xi Jinping vowed at the Bo’ao Forum for Asia

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Jump in! The auto industry is “open” for business

China’s auto industry is expected to open wider to foreign investment with lesser restrictions after a series of comments made by the country’s top officials including Chinese Premier Li Keqiang at the ongoing annual “Two Sessions.” Li, in his government work report delivered on March 5 at the opening meeting of

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IHS Markit: China autonomous vehicle sales to reach 14.5 million units in 2040, nearly half of 33 million expected globally

SOUTHFIELD, Michigan – Buoyed by mobility services and pending regulations on autonomous vehicle testing and deployment, China is expected to sell 14.5 million autonomous vehicles in 2040, accounting for nearly half of the more than 33 million autonomous vehicles expected to be sold globally that year, according to the latest

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LYNK & CO will be the first high-end JV brand to go global

HANGZHOU, Zhejiang – In about a months, LYNK & CO’s first model, the 01 SUV, will hit the Chinese market. In one years, it plans to enter the European and U.S. markets. A year ago, the brand was launched by Geely Holding Group in Berlin, after much anticipation, as a high-end brand slotted between

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LYNK & CO will be the first high-end JV brand to go global

HANGZHOU, Zhejiang – In about two months, LYNK & CO’s first model, the 01 SUV, will hit the Chinese market. In two years, it plans to enter the European and U.S. markets. Less than a year ago, the brand was launched by Geely Holding Group in Berlin, after much anticipation,

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BYD delivers 27 battery electric heavy-duty tractors to Daylight Transport

FONTANA, California – BYD delivered the first batch of 27 battery electric heavy-duty tractors produced in the U.S. worth $19.2 million to Daylight Transport, a leading expedited LTL provider based in Fontana, California, according to local media report. The 27 tractors delivered this time include 23 units of Class Eight

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