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  FAW Group plans to buy brilliance for $7.2 billion? Brilliance China responds

  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.

  Brilliance Group FAW Group 2021-02-03
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  Germany and Japan plummeted, Chinese brands hit a record high

  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.

  Brand sales growth Automotive Dongfeng New Energy China epidemic Germany and Japan Market data Volkswagen Kia Changan car 2022-07-25
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  Another independent brand is facing the fate of elimination, and Lifan's sales have plummeted and lost money.

  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.

  Car sales volume 2019-06-16
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  Great changes in the car market in January! Joint venture brands decline throughout the department, only independent brands achieve growth.

  ​ 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.

  Car market 2021-02-13
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  Retail sales list of passenger car companies in April / January-April 2023

  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.

  Growth sales brands cars markets models Honda Toyota Dongfeng Electric Biya Retail China Geely data 2023-05-11
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  FAW Xiali, which could not make ends meet, finally set up a joint venture with Boxun Motor to produce new energy vehicles.

  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.

  Automobile Establishment New Energy Joint Venture FAW New Energy vehicle and finally 2019-04-30
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  General list of automobile recalls in 2021: Mercedes-Benz first, Toyota third

  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,...

  Mercedes-Benz 2022-01-09
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  Another electric car brand announced a price increase!

  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.

  Feifan car 2022-02-01
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  Executives sell cars collectively, Aichi Motors launches annual employee assessment and deferred pay.

  Executives sell cars collectively, Aichi Motors launches annual employee assessment and deferred pay.

  Love to drive cars 2020-10-12
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  The 120000 Citroen C6 has been sold for a month and a year.

  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.

  Citroen Dongfeng sales subsidies brands cars markets levels data associations or Hubei promotions growth activities 2023-04-11
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  Domestic car companies ranked in March, Japanese brands bucked the trend.

  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.

  Sales volume ranking 2019-04-09
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  Car sales fell back to the 2005 level in February, and the China Automobile Association proposed to introduce policies to stimulate consumption.

  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.

  China Automobile Association 2020-03-12
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  Happy Automobile low-key listing the second domestic second-hand car company listed in the United States

  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.

  Cars listed used cars 2019-05-15
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  In the comprehensive ranking of car companies' sales in January 2020, 6 car companies fell by more than 20%.

  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%.

  Sales volume January sales by car companies 2020-02-15
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  Nissan fell the most! Latest sales of Japanese car companies in China released

  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.

  Sales volume Toyota cars models China brands Honda data industry new energy car market company reason market order 2023-02-07
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  Harvard H6 "93 consecutive championships" ended in Changan, the Great Wall: no.

  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.

  Harvard 2021-03-10
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  Germany and Japan plummeted, independent brand BYD soared

  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.

  SAIC Volkswagen 2022-04-25
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  125565 domestic passenger cars were recalled in January, and the American system of French became the worst-hit area of the recall.

  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.

  Dragon car Mercedes-Benz BMW Guangzhou Auto Fick 2020-02-04
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  The results of three autonomous car companies were released, and BYD dropped the most.

  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.

  Automobile brand 2020-03-31
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  Watch the market! A number of car companies announce sales targets for 2021

  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.

  GAC GROUP 2021-02-14