Industry News
Li Auto, Xpeng, Nio top insurance registrations among Chinese new car makers in Aug
The CATARC figures are based on insurance registrations for vehicles and are closer to true retail sales each month.
Chinese market regulator fines three auto chip dealers for price gouging
China's State Administration for Market Regulation (SAMR) fined three auto chip distributors a total of 2.5 million yuan ($400,000) for inflating the price of auto chips.
Factbox: What is the difference between CPCA and CAAM's China auto sales data?
The trends presented by the two data are consistent most of the time, but sometimes they may be inconsistent or even differ.
China's NEV sales exceed 300,000 units for first time in Aug, CAAM data show
China's NEV sales in August were 321,000 units, up 181.9 percent from a year ago and 18.6 percent from July.
Analysts expect chip shortage to improve later this month
China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick up, the team said.
SAIC unveils share buyback plan of up to RMB 3 billion after tepid stock performance
By Thursday's close, the company's shares were down 12 percent this year. BYD, by comparison, rose 40 percent in the same period.
JAC reports sales of 8,075 EVs in Aug, up 89% from a year earlier
From January to August, the company sold a total of 75,693 EVs, up 196 percent from a year earlier.
Chinese regulators reportedly considering new measures to curb EV overcapacity
The move is intended to direct car companies to areas with low capacity utilization and to close plants that were built in the past few years but are now in surplus, the report said.
China's Ministry of Transport demands compliance of ride-hailing platforms
Effective immediately, these platforms are not allowed to grant new access to non-compliant vehicles and drivers and should accelerate the retirement of non-compliant drivers and vehicles.
Great Wall Motor posts 12,163 NEV sales in Aug, up 147% year-on-year
The company's production and sales in August were affected by a sharp drop in the supply of Bosch ESP and other parts due to the Covid-19 in Southeast Asia.