2020 Auto News Auto Sales China car company

Why the world’s car industry is pinning its hopes on a recovery in China

Sales of passenger cars in China, which has been the world’s biggest car market since 2009, have increased for 2 months while Europe’s market slumped 18% in August. Bloomberg: For two years, falling sales seemed to spell the end for China’s time as the world’s most vital car market. Then came the coronavirus, followed by a swift […]

2020 Auto News Auto Sales China car company USA automobiles

QOTD: Would You Ever Consider China’s Best-Selling EV?

While Tesla’s Model 3 sedan is supposedly taking the world by storm, some hot competition has been reported in China. The Hongguang MINI EV has eclipsed the offspring of Elon Musk to become the country’s best-selling electric vehicle. Though at just 28,800 yuan ($4,200), it hardly seems a fair comparison. Tesla’s minimalist sedan is larger […]

2020 Auto News Auto Sales China car company USA automobiles

Xpeng Motors Files For IPO On NYSE

Another Chinese EV startup files for US.. listing. Upstart Chinese electric vehicle maker, Xpeng Motors has officially filed for its initial public offering (IPO) on the New York Stock Exchange. The move wasn’t a surprise and had been anticipated for some time now. The announcement makes XPeng the third electric vehicle manufacturer out of China to list its shares […]