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Qian Jin
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Beijing Hyundai sold Chongqing factory for 226 million USD, less than half of its initial listing price
Initially, Beijing Hyundai hoped to sell the factory for 513 million USD, but no one showed interest, so it had to lower the price.
China exported 5.22 million cars, worth 101.6 billion USD, in 2023, ranking first in the world.
China's overall exports declined, but vehicle exports increased significantly in 2023. Vehicle exports have made significant contributions to China's economic growth.
Russia’s new car sales increased by 69% in 2023, and Chinese brands already account for 47%
Russia's new car sales are recovering rapidly after the sanctions and have reached 64% of the level before the Russia-Ukraine conflict.
Top-Selling car brands in 2023 in China, BYD surpassed Volkswagen and won the championship for the first time
Although the overall market grew by more than 5%, ICE sales fell by more than 6% due to the impact of EVs and PHEVs.
Tesla lowered the prices of Model 3 and Model Y in China, but the lowered Model Y became more expensive
The overall price reduction this time is relatively small, and the purchase price of Model RD has also increased.
BYD overseas model sales summary in 2023: ATTO 3 best-selling
BYD's overseas sales reached 243,000 vehicles in 2023, compared with only 56,000 vehicles in 2022.
Top-Selling car brands in Q4 2023 in China – BYD first, VW second, Toyota third
Car sales in the Chinese market recovered this quarter, with total market sales increasing by 14.2%, and 8 of the top 10 auto brands growing.
BYD’s first transport ship EXPLORER NO.1 has been delivered and left the port
BYD EXPLORER NO.1 can load 7,000 vehicles at a time, and its maiden voyage will be to Europe.
Top-Selling car brands in December 2023 in China – BYD first, VW second, Toyota third
BYD has been the best-selling brand by volume for 11 consecutive months. Tesla Model Y remained the best-selling model.