Initially, Beijing Hyundai hoped to sell the factory for 513 million USD, but no one showed interest, so it had to lower the price.
The post Beijing Hyundai sold Chongqing factory for 226 million USD, less than half of its initial listing price appeared first on CarNewsChina.com.
China's overall exports declined, but vehicle exports increased significantly in 2023. Vehicle exports have made significant contributions to China's economic growth.
The post China exported 5.22 million cars, worth 101.6 billion USD, in 2023, ranking first in the world. appeared first on CarNewsChina.com.
Russia's new car sales are recovering rapidly after the sanctions and have reached 64% of the level before the Russia-Ukraine conflict.
The post Russia’s new car sales increased by 69% in 2023, and Chinese brands already account for 47% appeared first on CarNewsChina.com.
Although the overall market grew by more than 5%, ICE sales fell by more than 6% due to the impact of EVs and PHEVs.
The post Top-Selling car brands in 2023 in China, BYD surpassed Volkswagen and won the championship for the first time appeared first on CarNewsChina.com.
The overall price reduction this time is relatively small, and the purchase price of Model RD has also increased.
The post Tesla lowered the prices of Model 3 and Model Y in China, but the lowered Model Y became more expensive appeared first on CarNewsChina.com.
BYD's overseas sales reached 243,000 vehicles in 2023, compared with only 56,000 vehicles in 2022.
The post BYD overseas model sales review in 2023: ATTO 3 best-selling appeared first on CarNewsChina.com.
BYD's overseas sales reached 243,000 vehicles in 2023, compared with only 56,000 vehicles in 2022.
The post BYD overseas model sales review in 2023: ATTO 3 best-selling appeared first on CarNewsChina.com.
Car sales in the Chinese market recovered this quarter, with total market sales increasing by 14.2%, and 8 of the top 10 auto brands growing.
The post Top-Selling car brands in Q4 2023 in China – BYD first, VW second, Toyota third appeared first on CarNewsChina.com.
BYD EXPLORER NO.1 can load 7,000 vehicles at a time, and its maiden voyage will be to Europe.
The post BYD’s first transport ship EXPLORER NO.1 has been delivered and left the port appeared first on CarNewsChina.com.
BYD has been the best-selling brand by volume for 11 consecutive months. Tesla Model Y remained the best-selling model.
The post Top-Selling car brands in December 2023 in China – BYD first, VW second, Toyota third appeared first on CarNewsChina.com.