AUTOMOTIVE NEWS CHINA
Focused on the automotive manufacturing and retail market in China. Click here to sign up for our weekly email.
Government plans for stricter auto emissions rules, effective July 1, has added pressure to automakers and dealers to clear inventories of vehicles that do not meet the standard.
Xpeng posted a net loss of 2.36 billion yuan ($342 million) in the three months ended Dec. 31, with revenue slumping 40 percent.
Mobileye Global Inc., a global supplier of advanced driver assistance systems and autonomous driving technology, established a test center in Shanghai last week.
The average backlog at new-vehicle stores marketing foreign mass-market brands and producing in China rose to a 65-day supply in February from a 57-day supply the previous month, according to the China Automobile Dealers Association.