The CV market in China continued to recover in June 2023, with sales rebounding by more than 26% from weak year-earlier sales, according to wholesale data released by the China Association of Automobile Manufacturers (CAAM). As we report this news, August 9, saw many leading newspapers around the world announce that the Chinese economy, the second largest in the world, had dipped into deflation, as the economy slowed.

The X6000 6x4 road tractor is the most powerful yet the truck maker has built.

Farison Auto is a new brand name for CVs built and sold by Geely.

Farizon plans to use the funds to strengthen its R&D and new product development operations, as it looks to consolidate its position as China’s leading manufacturer of new energy commercial vehicles.

VKTR raises IDR 875bn (USD59m) through the floatation of 20% of its equity on the country’s main IDX exchange.

Jing-Jin Electric(JJE) is a global supplier focussed electric drive systems for passenger vehicle and commercial vehicles.  JJE has a full suite of state-of-the-art technologies in electric motors, power electronics, transmissions, software and integrated electric drive (3-in-1) systems.

The two firms hold an equal share in the new company, named ‘PO-Rein’, whose aim is to manufacture high-pressure hydrogen storage systems for the Chinese commercial vehicle market.

Under the banner of the “ZF New Energy Vehicle eDrive Project” – which has reportedly opened two e-mobility plants in China since 2021 – the new factory will cover an area of 8.3 hectares and employ 900 workers when complete.

XCMG states that 30 E7-49T units are already in operation with customers in different parts of Brazil.

MasterTrans is a dedicated bus builder established a decade ago in Taiwan, which is transitioning to production of electric buses in 18 months' time.

Foton to invest USD1bn in new truck in Mexico with plans to enter the markets of Canda and USA via NAFTA.

Economic growth in the country accelerated to 4.5% year-on-year in the first quarter of 2023, up from a multi-decade low of 3.0% in the whole of last year, as the country began a gradual recovery from the Covid pandemic.