Visitors take pictures at a GAC Honda event at a shopping plaza in Beijing in July 2024. [Photo by Li Fusheng/chinadaily.com.cn] Honda and its Chinese partner GAC have signed an agreement to extend the term of their joint venture through 2038, said GAC Honda Motor (China) Investment Co, a wholly owned subsidiary of the Japanese…
Customers browse secondhand SUVs in a Beijing market in April. HU QINGMING/FOR CHINA DAILY From January to May, China’s used car sales reached 8.1 million units, up 2.3 percent year-on-year, with a total transaction value of 531.37 billion yuan ($73.2 billion), according to data from the China Automobile Dealers Association. In the same period, retail…
Customers inspect BYD models at an ultrafast charging station in Guangzhou, Guangdong province, on May 1. QIN ZIHANG/FOR CHINA DAILY The shift reflects a broader convergence between the automobile and energy sectors, as the rapid growth of electric vehicles creates new opportunities for renewable energy utilization, grid management and digital technologies. “Energy revolution and automobile…
Terms of the deal were not disclosed. South Korean media reported in June that the transaction would likely be worth about 500 billion won ($335 million). The deal is expected to give Hyundai Motor Group greater strategic flexibility to manage Boston Dynamics, allowing the automaker to make long-term decisions on investments, business strategy and a…
China unveiled its first unified cost calculation rules for vehicles on Wednesday, a move expected to fill a long-standing standards gap in the auto industry and help curb disorderly price competition. The unified rules, which currently remain a group standard, were led by the China Association of Automobile Manufacturers and jointly developed by 18 major…
New energy vehicles seen in Haikou, Hainan province. XINHUA Hainan province has set a 2030 deadline for banning the sale of new gasoline-powered vehicles, making it China’s first provincial-level region to adopt such a policy. The mandate is part of a plan by the province for the national ecological civilization pilot zone, which aims for…
The China Association of Automobile Manufacturers, or CAAM, issued a statement on Tuesday after some media misread figures from its 2025 China Automotive Aftermarket Annual Development Report. The report showed that conventional passenger vehicles in operation had an average age of about 8.2 years by the end of 2025, while the average age of New…
The 09 is ID. UNYX’s first mid-size smart electric coupe sedan. [Photo provided to chinadaily.com.cn] ID. UNYX’s first B-segment smart electric coupe sedan, the 09, has been unveiled in the latest catalog of vehicle products released by the Ministry of Industry and Information Technology, marking a further expansion of the brand’s lineup. As a new…
AVATR celebrates its 100,000th AVATR 07 vehicle on Wednesday at its factory in Chongqing’s Liangjiang New Area. [Photo provided to chinadaily.com.cn] Chongqing’s burgeoning smart connected new energy vehicle industry celebrated a milestone on Wednesday, as the 100,000th AVATR 07 vehicle rolled off the production line at its factory in the city’s Liangjiang New Area. The…
The 23rd China Changchun International Automobile Expo and the 8th China FAW Hongqi Carnival kick off on Sunday at the Northeast Asia International Expo Center in Changchun, Jilin province. [Photo by Tian Jiaxin/for chinadaily.com.cn] The 23rd China Changchun International Automobile Expo opened Sunday at the Northeast Asia International Expo Center in Changchun, Jilin province, drawing…