BEIJING — China's automotive aftermarket was valued at more than 1 trillion yuan (about $153.61 billion) in 2020, the Ministry of Commerce (MOC) said in an initial estimate.

Chile's truck market is shrinking in 2020 due to the global pandemic, however JAC trucks still ranks the first among Chinese brands with 6% of the market share, far ahead of other Chinese brands. In the segment of narrow cabin light truck, JAC trucks reaches 27.3% of the market share and ranks the first among all brands with product comfort, durability, safety and outstanding performance in economy.

The year 2020 is destined to be an extraordinary and difficult year, the Chinese domestic auto industry has been hit hard, with the industrial cumulative annual sales as 25.41 million vehicles, a down of 1.4% YoY. On January 8, 2021, JAC company announcement showed that the annual sales of JAC Group is 453,000 units, up 7.6% YoY. The steady and progressive development of JAC draws a successful conclusion for the year 2020.

Jing-Jin Electric's (JJE) latest heavy duty hybrid electric drive system achieved a record-breaking 35% fuel consumption reduction (or 54% fuel economy improvement) relative to national limits on a 26-ton truck, over C-WTVC test cycle. The C-WTVC cycle comprises 60% highway, 30% mixed, and 10% urban. The test was conducted on January 8th, 2021 at China's National Automobile Quality Supervision and Test Center in Hubei Province.

BYD, the world's leading electric bus manufacturer, has secured its first order from DB Regio Bus, the national bus transport division of one of Germany's largest transport operators, Deutsche Bahn. The order features BYD's latest generation 12-metre eBus model, equipped with a host of new technical innovations.

BYD Europe has revealed specification details for its 2021-model BYD Tang SUV, marking its launch into the passenger car market in Norway. The new seven-seat full-electric vehicle is being marketed and sold through BYD's partner in Norway, RSA – one of Scandinavia's leading importers and dealer networks.

Geely Auto International Sales Company and Manignom Auto Group signed a dealership agreement to introduce the Geely Auto brand to the Laos market. The agreement will allow Manignom Auto Group to strengthen their presence in the passenger vehicle market in cooperation with the world’s top selling Chinese auto brand, Geely Auto. The entry of the Geely Auto brand into Laos will help increase the competitiveness of the local market and offer consumers a mobility experience that exceeds expectations.

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximise the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

Executives from some major Chinese carmakers have called for enhanced research and development activities to promote core technologies relating to electric vehicles.

China will encourage stable increase in the consumption of automobiles, remove unreasonable restrictions on deals of used vehicles and make parking lots, charging stations and battery swapping stations much more available to the public, according to the annual work report delivered during the annual two sessions of this year. Besides, the country will also accelerate building power battery recycling system.