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Renault and Geely partner to build hybrid cars for Asia autocar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autocar.co.uk Daily Mail and Mail on Sunday newspapers.
Used car market sees steady sales growth By CAO YINGYING | China Daily | Updated: 2021-07-26 09:34 Share CLOSE Visitors browse a used car market in Yichang, Hubei province. A total of 1.53 million used cars were sold in June in China, increasing 17.76 percent year-on-year. LIU JUNFENG/FOR CHINA DAILY Consumer demand up more than 50 percent as segment continues to mature in China China s used car market is maturing and expected to reach the same number of sales as new vehicles by 2025, an industry insider said. Statistics from the China Automobile Dealers Association show sales in the first half of the year stood at 8.43 million units, an increase of 52.89 percent compared to the same period last year. The growth rate a year ago was just 3.93 percent because of COVID-19 lockdowns. ....
Volvo has announced that it will take back control of its manufacturing, sales and operations in China after a new agreement with parent company, the Geely Holding Group. If you’re a little confused, don’t worry, it took us a while to understand the full scope of the news, here. In essence, what Volvo has done is sign a new agreement with its parent company that gives Volvo a larger stake in its Chinese operations. The ultimate goal here is to take back 100 per cent ownership over the management of its manufacturing plants, sales and operations in China, as Volvo looks to get a bigger slice of Chinese sales. Volvo likely sees huge potential in the Chinese market, driven by demand for its luxury SUV lineup, namely the XC90 and XC60. ....
Industry jobs: Roles filled at Ryder, Liberty Charge, Volta Trucks and Prometeon fleetnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fleetnews.co.uk Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT FEATURE: Polestar's fresh fleet thinking businesscar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesscar.co.uk Daily Mail and Mail on Sunday newspapers.