The low residual value of used electric vehicles is beginning to loom large in China as the country sets to further promote the green-energy cars, prompting automakers and industry organizations to solve the problem.
German premium carmaker Mercedes-Benz launched the new GLC L SUV in Urumqi, Northwest China's Xinjiang Uygur autonomous region on Saturday, an updated model to better meet the demands of Chinese customers.
NEW DELHI - With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters.
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.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
