20230509 China News
Source: | Author:eacham | Published time: 2023-05-09 | 670 Views | Share:



01

Faurecia is revving up localization efforts to get better involved in the Chinese vehicle market, said a senior executive of the French auto parts supplier.Faurecia is a top 10 automotive supplier globally, focusing mainly on seating, interiors, clean mobility, and electronics.

 

02

SAIC-GM-Wuling is expected to increase its investment in Indonesia as the Sino-US joint venture revs up efforts to explore the global market.The announcement came as the Liuzhou, Guangxi Zhuang autonomous region-based joint venture inked a memorandum on Saturday with the Indonesian government on developing the new energy vehicle sector in the country.

 

03

Companies listed on China's "new third board," a financing platform for small and medium-sized enterprises, reported stable performance last year. A total of 6,187 companies on the board have published their annual reports, accounting for about 95 percent of the total listed companies, according to the board officially called the National Equities Exchange and Quotations. They registered combined revenues of 1.49 trillion yuan ($215.59 billion) in 2022, and their net profits totaled 52.77 billion yuan.

 

04

With Chinese consumers' increasing enthusiasm for skiing, ski brands have begun to target the market year-round.Data from Chinese travel service provider Ctrip showed that during the May Day holiday, which ended Wednesday, indoor skiing orders surged nearly 500 percent year-on-year. Compared to the same period in 2019, before the COVID-19 outbreak, the orders were 40 percent higher.

 

05

China aims to realize the modernization of its flower industry by 2035, with the annual flower sales surpassing 700 billion yuan (about $101.28 billion). As of 2035, China will basically develop a comprehensive system for flower germplasm resources protection, with the market share of major home-bred varieties reaching 25 percent, according to the development plan jointly issued by multiple government organs including the National Forestry and Grassland Administration and the Ministry of Agriculture and Rural Affairs.

 

06

China's courier sector saw its delivery volume exceed 40 billion parcels this year on Thursday, according to the State Post Bureau. The country's courier companies hit the 40-billion-parcel mark 24 days earlier than last year, the bureau said.It has sent a positive signal that the country's consumer confidence is increasing and the economy is continuing to improve, said Lin Hu, an official with the bureau.

 

07

Arcfox, the premium electric marque of BAIC Group, is scheduled to launch up to seven scenario-based models by 2024 to find its niche in China's increasingly competitive NEV market. Dai Kangwei, president of BAIC BluePark that owns Arcfox, said "Each of our models will be built based on our understanding of specific groups of customers and offer them our solutions."

 

08

Tesla's Shanghai plant delivered 75,842 vehicles in April, according to data from the China Passenger Car Association.The company's Shanghai plant delivered 710,000 vehicles in 2022, an increase of 48 percent from 2021.As of the beginning of May, the company has set up more than 1,600 supercharging stations, more than 10,000 supercharging piles and over 700 destination charging stations on the Chinese mainland.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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