Auto China 2024: SAIC and Chery MG electrified supercar, Chery Fulwin SUV, first MPV under the Exeed brand, etc. Summary SAIC: Unveils hydrogen fuel extender model and debuts an electrifed supercar concept car Chery: Debut of the Fulwin E06 Concept and iCAR 03T, the first MPV concept under the Exeed brand Chery booth   The 18th Beijing International Automotive Exhibition (Auto China 2024) was held at the China International Exhibition C...

Market & Tech Reports  Updated at: 2024/06/11

verview: Declining sales volume, while sales revenue steady Management goals: Accelerate decarbonization, reducing average product CO2 emissions by 30% by 2025 BAIC Group's sales volume in China (ex-factory) Sales forecast by LMC Automotive: BAIC Group’s sales in 2025 will be 613k units   Beijing Automotive Group Co., Ltd. (BAIC Group) ranked sixth among Chinese automakers with sales of 1,691,000 units in 2021. The sales volume breakdow...

Market & Tech Reports  Updated at: 2022/11/17

nt by the Ministry of Commerce of the People’s Republic of China, the country newly invested USD 7.4 billion in 55 countries in the Belt and Road Initiative area in the first half of 2018. In September 2018, the Forum on China–Africa Cooperation, which takes place every three years, was held in Beijing, and an economic cooperation of roughly USD 60 billion was announced. In accordance with the Belt and Road Initiative, Chinese automakers als...

Market & Tech Reports  Updated at: 2018/10/09

00 units in 2018, and the introduction of a Level 3 autonomous drive model in 2019 Production volumes of new energy vehicles (NEVs) from January to February 2018 increased 225.5% y/y to 82,000 units, and sales volumes increased by 200% to 75,000 units, representing a significant increase from 2017. Beijing Electric Vehicle Co., Ltd. (BJEV), BYD, and SAIC, all of whom are major China automakers, held the top 3 market positions in terms of NEV sale...

Market & Tech Reports  Updated at: 2018/04/23

ately 1.5 times more in China than in the U.S., due to transportation cost and import tariffs. Tesla should be able to lower the price of its vehicles through local production to expand its share of the EV market in China. To accomplish this, in October 2017 the company established an R&D center in Beijing. With respect to the production facility, the company is reported to be evaluating local production in Shanghai.   Setting up R&D center and ...

Market & Tech Reports  Updated at: 2018/01/05

w energy vehicles Production capacity at major BAIC Group plants BAIC Group sales numbers in China (factory shipments) Production Forecast by LMC Automotive: BAIC Group is mild growth and reach 1.5 million units in 2020  BAIC Group is one of the five major automotive groups headquartered in Beijing, the capital of the People's Republic of China. The predecessor of the BAIC Group is “Beijing Automobile Works,” which was founded in 1958...

Market & Tech Reports  Updated at: 2017/08/29

CATARC report - January 2016: New Energy Vehicle trends in China 2015 production hits 380,000 units; 500,000 unit target mostly achieved Production volumes in China (Summary) Production volumes in China Trends in China This report is based on a report by Beijing CATARC Automotive Technology Development Company*; MarkLines has edited and translated the company's report to prepare this report. Click here for a list of CATARC reports.   2015 was...

Market & Tech Reports  Updated at: 2016/02/15