Measures afoot to rev up Shanghai auto sales, boost used car exports
5 months, 1 week ago

Measures afoot to rev up Shanghai auto sales, boost used car exports

China Daily  

Visitors inspect Xpeng models at the Shanghai auto show in April 2023. A nine-item action plan on promoting automobile consumption was unveiled on Wednesday by the municipal government of Shanghai, with an aim of raising the trade volume of the city's secondhand vehicle market to 900,000 units by 2027 and doubling the export of pre-owned cars from 2023 levels, according to official sources. "Considering the auto sector's long industrial chain and huge market scale, it has major impact on economic stabilization and consumption growth," said Liu Min, deputy director of the Shanghai Municipal Commission of Commerce. "Aligning with the central government's trade-in policies in consumer products and following sophisticated international experience, it is hoped the action plan accelerates the elimination and renewal of vehicles and improves the auto market structure. "China's State Council released an action plan in March to initiate large-scale equipment upgrades and trade-ins of consumer goods, vowing greater support to promote the upgraded consumption of automobiles," said Zhu Bingxin, an official with the Shanghai Municipal Commission of Commerce's marketing department.

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History of this topic

China sees more auto trade-ins on policy support
1 month ago

China sees more auto trade-ins on policy support

China Daily  

Xinhua | Updated: 2024-11-19 16:46 Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. BEIJING - China reported a rapid increase in auto trade-ins thanks to policy support designed to benefit consumers. The Ministry of Commerce said Tuesday it had received over 4 million subsidy applications for trade-ins of …

Robust foreign trade to further drive economic growth, experts say
5 months ago

Robust foreign trade to further drive economic growth, experts say

China Daily  

Vehicles await loading to be transported at a terminal of Yantai Port in Shandong province on June 24. ZHU ZHENG/XINHUA China's supportive policies and ongoing quality upgrades in foreign trade are set to bolster economic growth throughout the year despite lingering external challenges, market watchers and business leaders said on Thursday. According to a communique released on Thursday after the …

Measures afoot to rev up Shanghai auto sales, boost used car exports
5 months, 1 week ago

Measures afoot to rev up Shanghai auto sales, boost used car exports

China Daily  

Visitors inspect Xpeng models at the Shanghai auto show in April 2023. A nine-item action plan on promoting automobile consumption was unveiled on Wednesday by the municipal government of Shanghai, with an aim of raising the trade volume of the city's secondhand vehicle market to 900,000 units by 2027 and doubling the export of pre-owned cars from 2023 levels, according …

Chinese auto exports surge, partly offsetting a sales slump at home
5 months, 2 weeks ago

Chinese auto exports surge, partly offsetting a sales slump at home

Associated Press  

BEIJING — Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Sales in China dropped 7.4% compared to a year earlier to 1.8 million cars, while exports rose 29% to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report. The …

China's passenger car exports up 28% in June
5 months, 2 weeks ago

China's passenger car exports up 28% in June

China Daily  

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. BEIJING - China's exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed. With the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year-on-year, …

China's consumer goods trade-in program spurs car, home appliance sales
5 months, 4 weeks ago

China's consumer goods trade-in program spurs car, home appliance sales

China Daily  

Visitors watch a new energy vehicle equipped with Huawei's Qiankun system at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. BEIJING -- A consumer goods trade-in program rolled out by the Chinese government in March has spurred rising sales of products such as cars, home appliances and furniture. In May, retail sales of cars exceeded 2.27 …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Consumers experience a BYD electric vehicle at a dealership in Mengzi, Yunnan province, in May. Due to cost-effectiveness, improved quality and efficient after-sales service, Chinese new energy vehicles have steadily gained a larger market share by offering affordable solutions to green transition drives in more countries, especially developing economies. Most recently, Chinese NEVs and auto parts manufacturers are increasingly setting …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Consumers experience a BYD electric vehicle at a dealership in Mengzi, Yunnan province, in May. Due to cost-effectiveness, improved quality and efficient after-sales service, Chinese new energy vehicles have steadily gained a larger market share by offering affordable solutions to green transition drives in more countries, especially developing economies. Most recently, Chinese NEVs and auto parts manufacturers are increasingly setting …

Vehicle exports from China soar 34% in April
7 months, 1 week ago

Vehicle exports from China soar 34% in April

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers shipped 504,000 vehicles from China to overseas markets last month, up 34 percent year-on-year, according to the China Association of Automobile Manufacturers. Exports in the first four months totaled 1.83 million units, up 33.4 percent from the same period …

Vehicle exports from China soar 34% in April
7 months, 1 week ago

Vehicle exports from China soar 34% in April

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers shipped 504,000 vehicles from China to overseas markets last month, up 34 percent year-on-year, according to the China Association of Automobile Manufacturers. Exports in the first four months totaled 1.83 million units, up 33.4 percent from the same period …

China's trade-in program stimulates consumer market vitality
7 months, 2 weeks ago

China's trade-in program stimulates consumer market vitality

China Daily  

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. BEIJING - China's new round of consumer goods trade-ins has achieved positive initial results over the past few months, raising market confidence that successful revival of consumption will offer stronger impetus to the economy. China's State Council released an action plan in …

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
7 months, 4 weeks ago

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. Price cuts across various brands after Xiaomi's launch, from the Huawei Aito M7 to the 2024 Xpeng G9, demonstrate the dynamic nature of China's EV market. However, the fierce competition in China's new energy vehicle market, including price wars …

US, EU steps against Chinese EVs defy rules
8 months ago

US, EU steps against Chinese EVs defy rules

China Daily  

JIN DING/CHINA DAILY China's auto industry has developed by leaps and bounds in recent years — in particular, the export of new energy vehicles has shown rapid growth. After launching a trade war against China in 2018, the US has imposed high tariffs on Chinese automobiles, restricted government procurements, and introduced discriminatory subsidy policies to suppress and/or weaken China's auto …

Nissan to export China-made vehicles from 2025
8 months, 3 weeks ago

Nissan to export China-made vehicles from 2025

China Daily  

Nissan's electric Arizon concept makes its global debut at the Shanghai auto show on April 18, 2023. The carmaker also plans to refresh 73 percent of Nissan-brand models and launch eight new energy vehicles, including four Nissan-branded models, by fiscal year 2026 in China, its second-largest market. Globally, Nissan aims to lift its annual sales by 1 million units and …

China pledges measures to boost domestic consumption in 2024
10 months, 2 weeks ago

China pledges measures to boost domestic consumption in 2024

China Daily  

Civilians are getting to know more details about the vehicle at a showroom in Fuzhou of East China's Fujian province, on Jan 11. BEIJING - China will introduce a raft of measures, such as stimulating purchases of vehicles and household appliances, to boost consumption this year, a commerce ministry official said Tuesday. "Automobiles, household appliances and home furnishing are the …

China expects automobile industry to remain in top gear
11 months ago

China expects automobile industry to remain in top gear

China Daily  

A row of new energy vehicles await shipment from Ganzhou, Jiangxi province, via a rail-sea intermodal transport service, to Rotterdam Port, the Netherlands in September. HU JIANGTAO/FOR CHINA DAILY China is optimistic about the growth momentum of the automobile industry this year and sees its new energy vehicle sales growing 20 percent year-on-year in 2024, said the country's top industry …

Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas
11 months, 1 week ago

Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas

Associated Press  

BEIJING — China’s auto exports surged 63.7% in 2023 while domestic sales, boosted by year-end incentives, rose 4.2%, an industry association said Thursday. They have also pushed into electric vehicles as government subsidies transformed China into the world’s largest EV market, even as car sales have stagnated overall. “What China is doing with the EV is it’s using its domestic …

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%
1 year, 1 month ago

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%

Associated Press  

BEIJING — Sales of passenger cars rose 10.2% in October over a year earlier, an industry association said Wednesday, as makers ramped up promotions and customers opted for electric and hybrid vehicles. Sales of electric and hybrid vehicles climbed 37.5% from a year earlier, accounting for 767,000 of the 2.03 million vehicles sold in October, the China Passenger Car Association …

China: Car Sales Witness Growth by 2 Percent in Aug 2023
1 year, 3 months ago

China: Car Sales Witness Growth by 2 Percent in Aug 2023

News 18  

China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak. Car sales jumped 2.2% in August from the same month a year ago to 1.94 million units, data from the China Passenger Car Association showed on Friday, the first …

China now world's top vehicle exporter
1 year, 4 months ago

China now world's top vehicle exporter

China Daily  

Export-bound cars await loading at Yantai Port, Shandong province. NEVs give edge; trade body sees 2023 figure at 5m units; H1 data put Japan at No 2 China surpassed Japan as the world's largest vehicle exporter in the first half of this year — and analysts attributed the achievement to the growing popularity of new energy vehicles made in the …

Big overseas potential for China's EV makers
1 year, 5 months ago

Big overseas potential for China's EV makers

China Daily  

Visitors take a closer look at a BYD Atto 3 at the Brussels auto show in January. ZHENG HUANSONG/XINHUA Institute leveraging its advantages to bolster international collaboration opportunities Chinese carmakers are speeding up their efforts to explore overseas markets with their advantage in the new energy vehicle sector, which will help the country's vehicle exports to hit a record this …

New energy vehicles export drive accelerates
1 year, 7 months ago

New energy vehicles export drive accelerates

China Daily  

Workers assemble NEVs for overseas markets at a factory in Ganzhou. ZHU HAIPENG/FOR CHINA DAILY Top ratings SAIC's popular MG Electric hatchback, launched last year, is the first model developed by the company aimed at global markets. The result of efforts by SAIC's Chinese and British teams, the model has won top ratings in new car quality programs in different …

China’s 2022 auto sales rise 9.5% but growth weakening
1 year, 11 months ago

China’s 2022 auto sales rise 9.5% but growth weakening

Associated Press  

BEIJING — China’s auto sales rose 9.5% last year as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth this year, a trade group reported Thursday. In December, sales fell 6.7% from a year earlier to 2.3 million as consumer spending weakened under pressure from anti-virus restrictions that kept millions …

Tianjin Dongjiang port sees bomming second-hand car industry
2 years, 6 months ago

Tianjin Dongjiang port sees bomming second-hand car industry

China Daily  

As the first pilot area for the export of used cars, Tianjin Dongjiang Bonded Port Area is committed to building the largest used car export base in northern China, and is witnessing an expanding business volume. From January to April this year, the number and value of Dongjiang’s second-hand car exports have increased significantly, with the export value in the …

Tianjin Dongjiang port sees bomming second-hand car industry
2 years, 6 months ago

Tianjin Dongjiang port sees bomming second-hand car industry

China Daily  

As the first pilot area for the export of used cars, Tianjin Dongjiang Bonded Port Area is committed to building the largest used car export base in northern China, and is witnessing an expanding business volume. From January to April this year, the number and value of Dongjiang’s second-hand car exports have increased significantly, with the export value in the …

Tianjin Dongjiang port area second-hand car industry booms
2 years, 7 months ago

Tianjin Dongjiang port area second-hand car industry booms

China Daily  

As the first pilot area for the export of used cars, Tianjin Dongjiang Bonded Port Area is committed to building the largest used car export base in northern China, and is witnessing an expanding business volume. From January to April this year, the number and value of Dongjiang’s second-hand car exports have increased significantly, with the export value in the …

Shanghai auto exports thrive at start of year
3 years, 10 months ago

Shanghai auto exports thrive at start of year

China Daily  

SAIC Motor's MG-branded electric vehicles await loading at a port in Shanghai. At the start of the New Year, auto exports at Shanghai ports witnessed a vigorous start, with the Shanghai Haitong International Automotive Terminal -- located at Waigaoqiao port area -- alone shipping more than 20,000 vehicles of all kinds in January, up more than 50 percent year-on-year. On …

China's auto imports, exports further recover in August
4 years, 2 months ago

China's auto imports, exports further recover in August

China Daily  

The BMW booth is seen at the 17th China Changchun International Automobile Expo in Changchun, Northeast China's Jilin province, on July 10, 2020. BEIJING - China's automobile imports and exports continued to rebound in August by gaining 9.2 percent month-on-month, according to data provided by the China Association of Automobile Manufacturers. Month on month, auto imports climbed 10.6 percent to …

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