China Car Retail Sales Fall 29% in September 1-27: CPCA
China recorded 1.258 million passenger-car retail sales on September 1-27, down 29% year on year. NEV sales fell 20%, with a 65.7% share.
Latest in EV news, technologies, data and insights from China market
China recorded 1.258 million passenger-car retail sales on September 1-27, down 29% year on year. NEV sales fell 20%, with a 65.7% share.
Zeekr says it currently has no plans to develop battery-swapping models, following NIO and Geely’s charging and battery-swapping partnership.
China’s auto trade-in program covered 5.353 million vehicles in Jan-Aug. Eligible buyers scrapping an old car for a new NEV can get up to RMB 20,000.
Chinese automakers are consolidating to focus resources, reducing product lines amidst competition and falling profits, prioritizing strategic partnerships and resource sharing.
Avatr Technology reshuffles leadership, appointing Chen Zhuo as chairman and Yong Jun as president, aiming for strategic improvements amid profitability challenges.