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Audi And FAW Confirm A New Cooperation Company To Build EVs

Audi is deepening its partnership with FAW and laying the foundation for continued success in China. The Board of Management of Audi, Supervisory Board of the Volkswagen Group and Board of Management of the FAW Group confirmed that Changchun in the northeast of China will be the headquarters of the newly founded Audi-FAW company. This […]

Automobile China Auto The Automobile News

China Wants to Build a $306 Billion Used-Car Market From Scratch

China, intent on boosting domestic consumption, wants to double the value of secondhand vehicle sales by 2025.Although China has more than 270 million vehicles on its roads, only an estimated 15 million secondhand models were sold in 2019. That’s in sharp contrast to places such as Australia, the U.K., and the U.S., where people buy […]

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 […]