Unprecedented! Listed car companies announce February sales; Geely deploys commercial satellites
In February, China’s auto dealer inventory warning index was 81.2%; SAIC Group sold 47,365 vehicles in February, a decrease of 86.95% year-on-year; Continental Group’s net profit loss in fiscal year 2019 was 1.20 billion euros.
On the evening of March 6, the group released its production and sales report for February 2020.
"Image Source: Announcement of Listed Companies"
On March 6, Blue Valley released the latest production and sales express. In February, the output of its subsidiary joint stock company was 255 vehicles, compared with 500 vehicles in the same period last year, a year-on-year decrease of 49%; the cumulative output from January to February was 1857 vehicles, an increase of 189% year-on-year; the sales volume in February was 1002 vehicles, compared with 2867 vehicles in the same period last year, a year-on-year decrease of 65%; the cumulative sales volume in January to February was 3008 vehicles, a year-on-year decrease of 59%.
"Image Source: Announcement of Listed Companies"
ST released production and sales data showing that the company produced 0 units in February, compared with 1,464 units in the same period last year; sales were 134 units, a decrease of 92.88% year-on-year.
"Image Source: Announcement of Listed Companies"
On March 2, the China Circulation Association released the "China Inventory Warning Survey", showing that in February this year, China’s inventory warning was 81.2%, up 29.5% month-on-month and 27.7% year-on-year, and the inventory warning was above the warning line.
"Image Source: Circulation Association"
On March 5, the components giant group announced the company’s preliminary results for the 2019 fiscal year.
On March 3, the holding group announced that it will fully deploy the commercial satellite field, and the country’s first private enterprise satellite intelligent AIT center will be located in Taizhou, Zhejiang.
General Motors will go electric
On March 5, it said it would invest $20 billion in and autonomous driving by 2025, with the aim of gaining a foothold in the fast-growing market for new technologies.
100% ownership!
The world’s largest manufacturer said it already holds 99.64 percent of the registered share capital in the premium brand and plans to raise its shareholding ratio to 100 percent after its annual general meeting.
The "subtraction door" storm continues
Recently, a succession of domestic car owners have reported on social media such as Weibo and forums that the domestic products they purchased have been "reduced", that is, the HW2.5 (Hardware 2.5, autonomous driving hardware 2.5) chip is configured for the vehicle, which is inconsistent with the HW3.0 (Hardware 3.0, autonomous driving hardware 3.0) chip marked on the environmental protection list of the vehicle, questioning the reduction of the vehicle control hardware.
