Global automakers unveiled new SUVs, electric vehicles, and futuristic concept cars at the Shanghai Auto Show on Wednesday, racing for an edge in the world´s biggest auto market as growth slows after years of frenzied sales. China’s automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 … Read more
Volkswagen’s (VOWG_p. DE) China Chief Jochem Heizmann said the carmaker plans to launch a pure battery electric vehicle in China this year amid continued uncertainty over how China’s electric car quotas will be applied. VW’s Heizmann said a lack of clarity about whether electric car quotas would be softened, is forcing VW to push ahead … Read more
Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers have reaped a windfall as the fast-expanding Chinese middle class hits the road, but clouds loom as Volkswagen, Toyota, GM, … Read more
Passenger car sales in China, the world’s biggest auto market, will grow nearly 13 percent this year from a year earlier, data from an industry association showed Tuesday. Judging from this year’s sales trend, sales of passenger and commercial vehicles will increase 10 to 12 percent year on year, according to China Passenger Car Association. … Read more