Etiqueta: DongFeng

China's commerce ministry will meet with industry bodies and automakers to discuss the sale of used cars that have never been driven, Reuters reported.

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss an emerging trend of sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity. It follows last week's comments by Great Wall Motor's

BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.

The Chinese automaker reshaping global car markets with record-breaking growth has joined the urban EV trend with the Dolphin Surf — its smallest and most affordable model yet in the Israeli showroom; first drive of a potential bestseller in the making

Analysts believe BYD's price discounts could lead to further price competition in China and spark more rivals to follow suit.

Nissan CEO Ivan Espinosa said his company is willing to help Dongfeng to produce its models outside of China. Dongfeng could avoid import tariffs by using Nissan's global production network.

Japanese automakers are attempting to make a comeback in China with their local joint venture partners and Chinese suppliers of smart cockpit and