Chinese auto market
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New alliance formed in China to promote self-sufficiency in automotive chips
The China Automotive Chip Industry Innovation Strategic Alliance was officially established in Beijing on September 19, which is jointly supported by the Ministry of Science and Technology and the Ministry of Industry and Information Technology of China, and led by the China New Energy Vehicle Technology Innovation Center.
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Chinese auto market shows signs of V-shaped reversal
In the fourth week of April (April 20-25), China's passenger car market daily average retail sales reached 48,700 units, up 12% year-on-year, data from the China Passenger Car Association (CPCA) showed.
