Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.
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Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.
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China's auto market is expected to continue to show seasonality at the start of the year, with overall passenger car retail sales expected to be around 1.75 million units, down 33.6 percent from the previous month.
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China's BEV ownership stood at 22.09 million units at the end of December, accounting for 70.34 percent of the total 31.4 million NEVs.
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The US has finalized rules to crack down on Chinese and Russian tech in connected cars, effectively banning smart cars from both countries from entering the US market.
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Retail and wholesale sales of passenger NEVs in China fell sharply in the January 1-12 period compared to the same period last month.
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Great Wall Motor's net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
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Porsche's deliveries in China are down 28 percent in 2024 from 2023, resulting in a 3 percent drop in its global deliveries from 2023.
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For the full year of 2024, China's NEV sales amounted to 12.866 million units, contributing 40.9 percent of the total vehicle sales of 31.436 million units.
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Shenzhen produced 2,935,300 NEVs in 2024, a local official said.
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Great Wall Motor has created a new business unit to target the ultra-luxury market, and its chairman Wei Jianjun will also be chairman of a new brand.
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