The auto industry, like others, is now recovering from an unprecedented crisis
As we enter a recovery phase around the world, we aim to bring you the latest news and intelligence on the speed, nature and shape of the automotive sector s recovery from the COVID-19 pandemic.
This regularly updated article follows on from our COVID-19 daily update article that covered rapidly unfolding crisis developments and their immediate impact on autos (first published March 12).
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SAIC Motor s popularity grows in overseas markets chinadaily.com.cn | Updated: 2021-01-08 17:12 A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn]
In spite of the COVID-19 pandemic, SAIC Motor Corporation saw its overseas deliveries in 2020 soar 11.3 percent year-on-year to 390,000 vehicles, accounting for roughly one third of China s total vehicle exports in the year.
SAIC, China s largest carmaker and a partner of General Motors and Volkswagen, has set a goal of selling 1 million vehicles in overseas markets in 2025.
SAIC established its international business unit in 2011. It s now present in over 60 countries and regions, with a sales network of over 810 dealerships. It has nine markets in which annual sales can reach 10,000 vehicles.
CATL to invest $5.9b in 3 new battery factories By CHENG YU | China Daily | Updated: 2020-12-31 09:06 Share CLOSE Workers assemble batteries at a production line of CATL, China s largest power battery maker, in Fujian province. [Photo/Xinhua]
Contemporary Amperex Technology Co Ltd, China s largest producer of automobile battery packs, is investing 39 billion yuan ($5.9 billion) to build three battery factories to further expand its operations in the country, according to a company announcement.
Industry experts said that its capacity expansion will enable other supply chain companies in the new energy vehicle sector to boost output and cash in on the rapid growth of the new energy vehicle sector in the country over the next few years.
China’s auto market maintains recovery momentum in November At a smart factory of Hefei Chang’an Automobile Co., Ltd. in Hefei, east China’s Anhui province, more than 100 automatic guided vehicles are running smoothly and nearly 400 welding robots are working efficiently.
(Photo/Xinhua) “Since August, our factory has added over 1,700 jobs and ensured uninterrupted production in three shifts,” said Huang Lejin, general manager of the factory, adding that 114,000 passenger cars under Chang’an Automobile’s brand were sold in November, up 36.4 percent year-on-year. The continuous hot sales of Chang’an autos are merely a mirror of the strong recovery of China’s auto market.
Electric car startups sparking with energy as sales become charged China Daily | Updated: 2020-12-28 09:39 Share CLOSE Nio is the first Chinese electric car startup listed in the US, and it held its IPO in 2018. [Photo by Zhang Dandan/China Daily]
This story is part of an ongoing series on the development of China s automobile industry during the 13th Five-Year Plan (2016-20).It focuses on the development of electric vehicle startups, which have made great achievements in that time.
Chinese electric car startups experienced rapid growth in recent years among global competition, especially from the United States electric carmaker Tesla, which has lowered prices of its vehicles in the Chinese market.