AUTOMOTIVE NEWS CHINA

China’s new-vehicle market rebounded for the second straight month in July after Shanghai, the country’s largest city, came out of a two-month lockdown and the central government halved sales taxes on gasoline cars at the beginning of June. 

Sales of used light vehicles in China remained largely flat at 1.16 million in July compared to the previous year after declining four straight months, according to the China Automobile Dealers Association.

Polestar, the electric performance brand owned by Volvo and its Chinese parent, Zhejiang Geely Holding Group, has hired Feng Dan, an auto sales veteran, away from GM's joint venture with SAIC Motor Corp.

The China Passenger Car Association raised its estimate after sales of new-energy vehicles more than doubled in July to account for 27 percent of the new auto market.