BEIJING A group of over 100 auto dealers in China has said it would consider refusing to sell Kia Motors Corp brand cars unless it receives 2.5 billion yuan ($364 million) in compensation for losses brought about by unsold stock.
BEIJING General Motors Co's Cadillac expects sales in China to continue growing at a double-digit rate this year, but at a slower pace than in 2016 when volumes saw a sharp spike after the brand opened its first dedicated factory in the country.
BEIJING More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan .
BEIJINGChina's vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive is reduced.
BEIJING More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan.
BEIJING Global automakers reported a surge in China sales last year as consumers rushed to take advantage of a tax cut on small-engine cars, but cautioned 2017 would be tougher for the industry as the incentive is rolled back and the broader economy slows.
BEIJING Sales surged for global automakers in China in 2016 as consumers rushed to buy cars to make the most of a tax incentive, with Honda Motor Co Ltd seeing a particularly brisk pace of business ahead of Ford and Toyota Motor Corp .
BEIJING General Motors Co and its joint venture partners sold 3.87 million vehicles in China in 2016, up 7.1 percent from the previous year, cementing the country's position as the U.S. automaker's top market for a fifth consecutive year.
BEIJING China has awarded its seventh electric vehicle production license to a unit of Jiangling Motors Co Ltd , according to a posting by China's state planner, as the country accelerates approvals for green car projects.
NINGDE, China A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology.