Latest from Yang Jian

Up to 84 percent of dealerships sold new vehicles at prices lower than levels they procured from automakers in 2024, a China Automobile Dealers Association survey shows.

Global automakers have failed to produce enough pickups to meet demand in international markets since 2022, helping drive overseas demand for Chinese trucks, a leading trade group says.

The plant is expected to mainly supply the growing roster of Chinese EV manufacturers operating in Thailand.

The contracts, which could be signed as early as June, will enable the two Chinese automakers to avoid paying hefty extra tariffs the EU imposed on China-made EVs in October.

China’s new-car market started the New Year with a weak showing, with retail sales of sedans, crossovers, SUVs and multipurpose vehicles in the first two months gaining 1.2 percent year on year to 3.18 million.

Wholesale vehicle deliveries increased 13 percent to 4.55 million the first two months of 2025 on demand for electrified products in and outside China, according to the China Association of Automobile Manufacturers.

Chinese automotive interiors supplier Ningbo Huaxiang Electronic Co. said it is selling its loss-making Europe business for 1 euro to Mutares SE & Co. KGaA, a German private equity investment firm.

Xin Tianshu will replace Gregoire Olivier as COO for China and leader of Stellantis' strategic alliance with Chinese electric vehicle startup Leapmotor.

Genesis will roll out locally produced electrified models in China over the next three to five years, the Beijing-based Economic Observer reported, citing the brand’s China CEO Zhu Jiang.

Chinese smartphone maker Xiaomi Corp. started selling a high-performance variant of its first full-electric four-door sedan Feb. 27. Pricing starts at 529,900 yuan ($72,990).