Officials at China's leading auto industry association are calling for local authorities to implement the central government's guidelines for boosting car consumption in the wake of vehicle sales in the country having fallen for 13 months in a row as of the end of July.
A joint venture among Jiangling Motors Group, Changan Automobile and Chinese new energy vehicle startup Aiways was officially announced on Friday in Nanchang, East China's Jiangxi province.
Chery Jaguar Land Rover Automotive, the first Sino-British premium automotive joint venture, is optimistic about its domestic sales in the second half of this year. The company expects double-digit growth in the coming months, executives said.
Entangled in development defects and market fluctuations, China's new energy vehicle startups are facing decelerated sales growth.
Ford held one of its largest-ever branding events and launched three models in Shanghai on Friday as part of the US carmaker's plan to recuperate lost ground in the world's largest auto market.
Global vehicle production is falling at the fastest rate since the financial crisis - depressing manufacturing output, freight and the consumption of oil and other commodities.
Electric car companies and battery makers are exploring new ways to recycle used batteries as China braces for a wave of them being taken out of service.
The China Automobile Dealers Association is calling for carmakers to help with the residual value of second-hand new energy vehicles, which is much lower than that of gasoline cars.
Luxuries - be they cars or handbags - are usually marketed as essentials of a desirable lifestyle and items that will make consumers seem appealing, successful and energetic if they buy them.
China's Dongfeng Motor may sell its shares in PSA Group as sales of French vehicles continue to flag in the world's largest auto market.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
