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There has been no substantial progress since brilliance was ruled by the court to go bankrupt and reorganized. FAW is considering buying BMW's main Chinese partner brilliance China Automotive Holdings Co., Ltd., with a total deal likely to reach $7.2 billion (46.7 billion yuan), media sources reported on Feb. 3. According to the source, according to the plan currently under discussion, FAW will first acquire 30.43% of brilliance's shares and 11.89% of the shares of the state-controlled Liaoning Provincial Transportation Investment Group. FAW will then make a mandatory offer for the remaining shares of brilliance. At the same time.
The auto market, which has just finished five consecutive declines and achieved growth, fell again in the first half of this year. According to the Federation of passengers, sales of narrow passenger cars totaled 9.261 million in the first half of 2022, down 7.2% from the same period last year. Except for a 22.7% year-on-year increase in June, sales declined in all other months, especially in April.
After the collapse in sales and losses in performance, Lifan is now in deep trouble. According to the May production and sales KuaiBao announcement issued by Lifan, production of Lifan traditional passenger cars fell 87 per cent in May to 1066 vehicles from a year earlier, with a cumulative total of 16335 vehicles from January to May, down 62 per cent from a year earlier. In terms of sales, 1024 vehicles were actually sold in May, down 86.6% from a year earlier, while 19683 vehicles were sold in the previous month, down 57% from a year earlier. Sales of new energy vehicles were even lower, with sales of 108 vehicles in May, down 64.24% from a year earlier, with sales of only 1011 vehicles from January to May. You know, the sales of Lifan new energy vehicles can reach in 2018.
when the domestic car market enters the environment of stock competition, the brands of car companies also appear obvious differentiation. Experiencing the trend of "low in front and high in later" in 2020, it further threatens the survival status of weak brands. From the perspective of the industry pattern, the concentration of the market is increasing.
According to the latest data from the Federation of passengers, retail sales in the domestic narrow passenger car market were 1.631 million in April 2023, an increase of 55.6% over the same period last year and 2.5% month-on-month, which is one of the only two positive month-on-month growth since 2010. The Federation said that with the heat of the price war in the car market gradually subsided.
The new power of car building, which is constantly financing, has rescued some of the self-owned brands with poor performance to some extent. On April 30, FAW Xiali officially announced the establishment of a joint venture company with Nanjing Bojun New Energy vehicles to jointly produce new energy vehicles. The announcement said that in order to achieve complementary resources and jointly develop the new energy vehicle market, FAW Xiali plans to contribute with assets and liabilities related to land, plant and equipment related to the whole vehicle, and Nanjing Bojun New Energy Automobile Co., Ltd. with cash contribution, set up a joint venture company in the company location to produce new energy models. FAW Xiali uses its own assets to solve the follow-up development of the company.
According to the statistics of automobile recalls issued by the State Administration of Market Supervision and Administration in 2021, 44 car brands in the domestic passenger car market issued 155 recall announcements in 2021, recalling a total of 8733735 passenger vehicles, an increase of 31.88% over 2020. From the recall list, Mercedes-Benz beat a number of brands, topping the 2021 domestic recall list. On March 12, 2021, Mercedes-Benz filed a recall plan with the State Administration of Market Supervision and Administration. Due to problems with communication module software, Mercedes-Benz recalled some imported and domestic A, B, C,...
On February 1st, Feifan officially announced a price adjustment for some of its MARVEL R and ER6 models. Specifically, the adjusted price of MARVEL R is 21.98-261800 yuan. In addition to the unadjusted price of entry-level models, the price of rear-drive PRO version and four-wheel drive PRO version both increased by 2000 yuan. The adjusted price of Feifan ER6 is 15.68-201800 yuan, and the price of all models has increased by 1000 yuan. The price adjustment of the model has not been adjusted in terms of configuration, while for optional white samurai (pearl white) and black samurai (pearl black) cars.
Executives sell cars collectively, Aichi Motors launches annual employee assessment and deferred pay.
In early March, a group of posters about the opening of the strongest discount season for car purchases in Hubei history went viral online. the content is that the Hubei provincial government jointly with Dongfeng Honda, Dongfeng Citroen, Dongfeng Peugeot, Dongfeng Fengshen, Dongfeng Nissan and other brands to promote attractive car purchase subsidies. In this round of "price reduction", the performance is quite eye-catching.
Since April 1, the state has formally adjusted the VAT tax rate, and the manufacturing VAT tax rate has been reduced from 16% to 13%. In response to the national VAT reform policy, many car companies have implemented price cuts ahead of schedule in March. In the past March, some manufacturers also paid close attention to the hot spots and started the promotion work of going to the countryside to promote sales, but the overall increase is still not obvious. The latest data show that China's passenger car sales fell 12.1% in March from a year earlier, the 10th consecutive month of year-on-year decline. According to the latest comprehensive sales statistics released by the Federation of passengers, the domestic passenger car market sold 1.74 million vehicles in March, down 12.1% from the same period last year.
Auto production and sales fell sharply in February compared with the same period last year, according to the latest production and sales figures released by the China Association of Automobile Manufacturers. Automobile production and sales completed 285000 and 310000 respectively, down 79.8 per cent and 79.1 per cent respectively from January to February, down 45.8 per cent and 42 per cent respectively. Specifically, the production and sales of passenger vehicles completed 195000 and 224000 respectively in February, down 82.9% and 81.7% respectively from a year earlier, which is higher than the overall decline in car production and sales. In February, the production and sales of new energy vehicles were 9951 and 129 respectively.
On May 13, local time, the used car dealer group Kaixin Automobile Group quietly landed on NASDAQ under the stock symbol KXIN. Happy Automobile Group became the second used car company to be listed in the United States after Youxin. Happy Automobile Group was founded in 2015, formerly known as Renren Automobile, a wholly-owned company of Renren Company. Happy Automobile Group initially entered the used car industry with auto finance business, and opened the used car retail business in 2017, focusing on the high-end used car business. Through four years, the group has covered all 14 cities with 20 stores and nearly a thousand primary and secondary schools.
The Federation of passengers recently released the ranking of passenger car manufacturers' sales in January. Affected by the Spring Festival and COVID-19, it brought a lot of reduction in passenger car sales across the country in January. Among them, sales of nearly six car companies in the top 15 fell by more than 20%.
In the first month of the New year, the sales of the top three of the Japanese system in China were collectively "dumb". As of February 7, Toyota, Honda and Nissan have all released their monthly transcripts in China in January 2023. According to the list of Automotive Industry concern statistics, the sales of the three car companies that have announced their sales in China have all suffered.
As we all know, the Harvard H6 under the Great Wall, as the best-selling model under the brand, has been the top seller in the domestic SUV market for 92 months in a row. A few days ago, it was "terminated" by Chang'an 's CS75 series, which was undoubtedly a blow to Harvard, and Great Wall officials gave another figure.
According to the data of the Federation of passengers, retail sales of major domestic manufacturers fell by 32% and 39% respectively in the first and second week compared with the same period last year. Affected by stagnant production and terminal store closure, the narrow passenger car market declined greatly. The market is expected to recover in the third week, down 35% from the same period last year, and further narrowed to 26% in the fourth week. It is estimated that retail sales will reach 1.1 million vehicles in April. The forecast for April is down 32% from a year earlier. According to statistics on the number of domestic automakers insured in April 2022 (as of April 17), BYD's sales are far ahead of other automakers, with sales of only 10,000 vehicles.
According to data released by the defective Product Management Center of the State Administration of Market Supervision and Administration, a total of nine recalls were issued for domestic passenger cars in January 2020, and a total of 125565 vehicles from eight brands were recalled, down 80.52% from the same period last year. Judging from the recalls of various brand car companies, French and American were the two major cars with the largest number of recalls in January, of which French recalled a total of 89898 vehicles, accounting for 71.59%, and American models recalled a total of 26382 vehicles, accounting for 21.01%. In addition, independent brands, German and British brands recalled 7967, 1285 and 33 vehicles respectively, accounting for 6.34% and 1.
Recently, a number of domestic car companies announced their results in 2019, and their profits fell to varying degrees due to changes in the industry environment and a decline in sales. A comparison of the performance reports of Geely, Great Wall and BYD showed that BYD's full-year net profit fell 42%, the biggest decline among the three first-tier independent brands. BYD: on the evening of March 31, due to policy changes, BYD released its 2019 results, KuaiBao. The company's operating income for the period reached 127.739 billion yuan, down 1.78% from the same period last year. The net profit belonging to shareholders of listed companies was 1.612 billion yuan, down 42.03% from the same period last year. Whether it is.
With the steady recovery of the national economy and the accelerated recovery of automobile consumer demand in 2021, and the overall potential of China's automobile market is still huge, it will achieve restorative positive growth in 2021. To this end, a number of car companies are also relatively aggressive in setting annual sales targets. FAW Group: sales target of 4 million vehicles in 2021 shows that FAW Group accumulated sales of 3.706 million vehicles in 2020, an increase of 7.1% over the same period last year. In 2021, FAW set its annual target of 4 million vehicles, an increase of 7.9 per cent over 2020. In terms of independent brands, the Red Flag brand will impact sales of 400000 vehicles.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Nilai also wants to make a range-extending car? No official response
Mitsubishi Nissan will establish a joint venture company!
Changan Automobile's October sales announced!
Volkswagen China CEO responds to layoffs: no longer blindly pursues market share
Prices may be surprises! The new Tanyue L was released
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