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176 new news items in the last 24 hours
27 May 11:25

China's Ministry of Commerce to hold a meeting with carmakers to tackle the problem of zero-mileage used car sales

Delia Niculescu
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International
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China's Ministry of Commerce will discuss with industry organizations and automakers, such as BYD and Dongfeng Motor, the rising sales of used cars that have not been driven. The phenomenon, dubbed 'zero-mileage second-hand cars', has arisen because of the industry's price war, with an estimated 3,000-4,000 sellers involved. The strategy is being used to boost new car sales. Shares in some carmakers fell on the stock market following the meeting's announcement.

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„Mașini la mâna a doua cu kilometraj zero”. Ministerul comerțului din China a convocat producătorii auto din cauza unui fenomen ciudat apărut în piață
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Adevarul
China convoacă producătorii auto din cauza unui fenomen bizar apărut în piață: "Mașini second hand cu kilometraj zero"
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Ziare.com
Beijingul ia în vizor vânzările de "mașini second-hand cu zero kilometri". Ministerul Comerțului convoacă marii producători auto

ȘTIRI PE ACELEAȘI SUBIECTE

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International
BYD's shares have dropped by over 30%, losing 45 billion dollars in market cap, and the strategy to reduce prices raises concerns.
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Economy
China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.
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Republic of Moldova
The Chinese electric vehicle manufacturer BYD will officially enter the market in Moldova on September 19, providing access to models built for Europe.
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International
The Chinese platform 'China EV Marketplace' offers European customers the possibility to buy electric and hybrid cars directly from China, with home delivery.
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International
In August, Chinese car manufacturers sold more cars in Europe than Renault and Audi, due to the increase in sales of plug-in hybrid vehicles.
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Economy
BYD's revenues fell by 8% after the first quarterly profit decline in the last three years, despite robust external sales.
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China Ministry of Trade car manufacturers second-hand cars
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