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CHINA: Industry regulator: Market needs 2 years to recover

  • Date: 23-01-20
  • Category: CHINA
  • Source: Automotive News

It will probably take two years for new-vehicle sales in China to resume growth with the economy still facing downward pressures, a top official with China’s auto industry regulator predicts.

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CHINA: Desperate Beijing motorists marrying people just so they can secure a licence plate for their car

  • Date: 25-11-19
  • Category: CHINA
  • Source: South China Morning Post

Television report shows how drivers are willing to pay more than US$20,000 for a sham marriage with someone who has a valid registration

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CHINA: BASF commences its smart Verbund project in Zhanjiang, China

  • Date: 23-11-19
  • Category: CHINA
  • Source: BASF

Today, BASF officially launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants. It marks a milestone of the company’s US$10 billion investment project announced in July 2018. The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.

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CHINA: Changsha weighs subsidizing the purchase of locally produced vehicles

  • Date: 09-07-19
  • Category: CHINA
  • Source: Auto News China

The inland city of Changsha is considering offering subsidies toward the purchase of locally made cars and light trucks, according to a document viewed by Reuters and confirmed by an official at a local planning agency.

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CHINA: Beijing policies dash hope for quick market rebound

  • Date: 21-06-19
  • Category: CHINA
  • Source: Auto News China

At the Shanghai auto show in April, most auto company executives expected China’s new-vehicle market, which contracted in 2018 for the first time in nearly three decades, to resume growth in the second half of 2019.

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CHINA: Dealerships rush to cut stockpiles ahead of tougher emission control rules

  • Date: 18-06-19
  • Category: CHINA
  • Source: Automotive News China

Inventory levels at dealerships in China dipped to a 50-day supply in May from 60 days in April, as upcoming tougher emission standards prompts local dealers to wind down stockpiles of new vehicles that fall short of the rules.

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CHINA: China announced 2019 subsidies for new energy vehicles

  • Date: 18-06-19
  • Category: CHINA
  • Source: ICCT

In late March, China announced the 2019 adjustment to its decade-long central subsidy program for new energy vehicles (NEVs). The program was introduced as the Ten Cities, Thousand Vehicles project in 2009, and is set to be phased out after 2020.

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CHINA: China considers plan to ease controls over new car licenses: Caixin

  • Date: 17-04-19
  • Category: CHINA
  • Source: Reuters

China is considering plans to relax controls over the issuance of new car licenses in major cities to boost flagging auto sales, financial magazine Caixin reported on Wednesday, citing a draft document by the country’s state planner.

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