BEIJING (Reuters) - Renault and Brilliance China Automotive Holdings Ltd have formed a joint venture to design and manufacture light commercial vehicles (LCVs) in China, with an aim to sell 150,000 such vehicles a year by 2022, the two firms reported. The venture, Renault-Brilliance-Jinbei Automotive Co, will have manufacturing operations in Shenyang, the provincial capital of Liaoning, they said in a joint statement. It plans to produce and sell multi-purpose vans and commer

The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in December. A total of 102,000 new passenger PEVs were registered last month, up 130% year over year. Yes, that was just December, and it pulled the year-to-date count to over 600,000 units, up 71% compared to 2016. As consequence of this rapid growth, in December, the PEV share hit a record 3.3% market share of the entire Chinese auto market, while the

China made more than half of electric car purchases in the third quarter. Electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China. Sales of battery electric vehicles and plug-in hybrids exceeded 287,000 units in the three months ended in September, 63 per cent higher than the same quarter a year ago and up 23 per cent from the second quarter, according to a report released Tuesday by Bloomberg New Energy Finance (BNEF). China

CHINA’S auto sales rose 5.7 percent to 2.71 million vehicles in September from a year ago as momentum continued amid rising demand and strong economic growth. In the first nine months of the year, auto sales added 4.5 percent to 20.22 million units, according to data from the China Association of Automobile Manufacturers. The sales growth momentum in September continued from August whose sales expanded 5.3 percent. Analysts predicted that sales will further grow steadily till

The Government of China views its automotive industry, including the auto parts sector, as one of the country’s pillar industries. China continues to be the world’s largest vehicle market with sales of over 28 million units in 2016, a year-on-year growth of 9% from 2015. The Chinese Central Government expects that China’s automobile output will reach 30 million units by 2020 and 35 million by 2025. Made in China 2025 is an initiative to upgrade the country’s industry from l

CHINA is extending its lead in the development of new-energy vehicles this year, mainly driven by rapid market growth and increasing battery production capability, according to a report published by German consulting firm Roland Berger. In terms of the sales target of electric vehicles, China sets a target of having electric vehicles account for 15 percent to 20 percent of the total car sales in 2025 and 40 percent to 50 percent of those sold in 2030, Roland Berger said in it