Yang Jian

SHANGHAI — The Durant Guild, a business unit General Motors created in China to boost import sales, plans to double the number of its flagship stores to 14 by early 2025.

SHANGHAI — With Chinese automakers grabbing market share with a wide array of intelligent, electrified vehicles, legacy global automakers are shifting in one way or another to acquire and defend sales turf in China.

Chery Automobile Co., a major Chinese automaker and the country's biggest vehicle exporter, has begun building light trucks in Spain at a factory jointly operated with local partner Ebro-EV Motors.

China's new-vehicle market is on track to expand 15 percent in November from a year earlier as demand continues to pick up behind a government scrappage program, according to the China Passenger Car Association.

About 4,000 franchised dealerships will be shuttered this year amid an intensifying price war in the new-car market and shrinking demand for fuel-powered vehicles, the China Automobile Dealers Association said.

The warning came after the United States launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies.

SHANGHAI — China's new-vehicle market, stimulated by a government scrappage program, has rebounded three straight months, with sales increasing 18

Retail sales of new passenger vehicles including sedans, crossovers, SUVs and multipurpose vehicles advanced 17 percent year over year to exceed

China's used-vehicle market has rebounded behind a scrappage program that has spurred trade-ins and increased used-car and light truck supplies, a major dealer trade group said.

SAIC-GM, General Motors' passenger-vehicle joint venture with SAIC Motor Corp., delivered 673,007 Cadillac, Chevrolet and Buick cars and light trucks in China last year, a 23 percent decline from 2023.