Ford’s China ventures increase May sales as market recovers

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Ford Motor’s China ventures have reported year-on-year sales increase for May in an indication of how the world’s biggest auto market has continued to recover from coronavirus crisis. The U.S. automaker’s Chongqing-based venture with Changan sold 23,491 vehicles in May, increasing 130% from a year ago, it said on Thursday. Jiangling Motors Corp (JMC), in […]

China auto sales mark first gain in nearly 2 years as restrictions ease

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China’s monthly auto sales increased for the first time in nearly two years in April, industry data revealed, as more customers visited showrooms after the economy started to open up and officials eased coronavirus-related travel restrictions. Auto sales in April hit 2.07 million units in the country, increasing 4.4% from a year earlier according the China Association of Automobile Manufacturers (CAAM), […]

Volkswagen sees recovery in sales in China after seeing drop in early 2020

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Volkswagen observes demand rebounding in China, due to new buyers switching from public transport and sales of premium vehicles, but cautioned that the business would not recover from the coronavirus crisis as fast in other countries. Sales of passenger cars in the country were above year-earlier levels in the last week of April, Volkswagen executive […]

Ford ventures saw sales growth in April in China as market rebounds

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Two ventures of U.S. automaker Ford Motor in China have reported year-on-year sales increase for April, showing that the world’s biggest auto market has started to recover from coronavirus crisis. Ford’s major joint venture with Chongqing Changan Automobile sold 20,465 vehicles in April, increasing 38.3% from the same period a year earlier, Changan stated in […]

BAIC, Didi plan car leasing service amid new car sales decline in China

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Chinese automaker BAIC Motor and transportation company Didi Chuxing plan to collaborate with other industry players to lease BAIC’s cars to customers as new car sales have declined. The companies, which have a joint venture to create the next-generation connected-car systems, will collaborate with electric vehicle (EV) battery maker CATL, State Grid, Postal Savings Bank of China and Uxin to build […]

China sales show recovery after coronavirus crisis, says Volkswagen

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German automaker Volkswagen expects vehicle sales in China, the world’s largest car market, to quadruple in March, it stated, pointing to a recovery after the coronavirus crisis. “We are cautiously optimistic that the worst effects of the crisis will be behind us in two to three months,” stated Stephan Woellenstein, head of Volkswagen’s China business. […]