Latest news with #MIIT
South China Morning Post
a day ago
- Automotive
- South China Morning Post
Chinese officials call on carmakers to clamp down on price spiral
In discussions with major carmakers, China has repeatedly brought up the 'irrational competition' driving down prices – an economy-wide issue threatening the buoyancy of emerging growth drivers , particularly new energy vehicles (NEVs) – calling for firms to establish lasting standards to ensure fair and orderly market activity. As Beijing seeks to rein in a cutthroat price war driving down growth potential in the sector – a trend that is also fuelling deflationary pressure – industry leaders gathered in the capital for two symposia held over two consecutive days, according to two statements released by the Ministry of Industry and Information Technology (MIIT) late Friday. Officials present instructed companies to take action and reverse the slide. 'It is vital to recognise the extreme urgency of curbing irrational competition in the NEV industry,' said Che Jun, deputy head of a central guiding group, at a meeting with the China Association of Automobile Manufacturers, the foremost trade association for carmakers. Representatives from Beijing Automotive Industry Holding and BYD also attended. Guiding groups are dispatched by the Central Committee of the ruling Communist Party to provide supervision and guidance to localities and industries relevant to the group's designated area of focus. Che stressed that the problem is prone to recurrence and therefore requires sustained, long-term efforts. Leading companies should set an example for the rest of the industry, he added, by engaging in lawful and rational market competition. The other symposium was held by MIIT, the National Development and Reform Commission and the State Administration for Market Regulation, with representatives from 17 leading carmakers present. The assembled government bodies said healthy industrial development should be promoted through cost oversight and price monitoring.
TimesLIVE
a day ago
- Automotive
- TimesLIVE
China auto industry group publication corrects report on ‘zero-mileage' crackdown plans
A publication of China's top auto industry association said on Monday its report about China's industry ministry planning to ban the resale of cars within six months of their initial registration was "inaccurate", and it deleted that line from its story. Auto Review, the official media outlet run by the China Association of Automobile Manufacturers, said in a statement to Reuters that its article published on Saturday "contained inaccurate descriptions related to the ministry of industry and information technology (MIIT) and other relevant authorities concerning zero-mileage used cars". "The inaccuracies have since been deleted and corrected," it said. The publication updated its story to read: "MIIT plans to regulate the zero-mileage used cars together with relevant departments and manage the issue from its source." Auto Review had reported on Saturday that MIIT planned to ban the resale of new cars within six months after their registration as part of efforts to combat sales of zero-mileage used cars. It reported the China Automobile Dealers Association, another industry group, had separately proposed a code system for exports of used cars. On Monday, Auto Review also corrected the line in the article to say the group proposed to "set up a relevant mechanism", without elaboration. The article, published on its official WeChat account, also said Chery and BYD were among companies planning to hold dealers accountable for violations, including licensing cars before they were sold. The portion of the article remained unchanged after the correction. Zero-mileage used cars have emerged in China as a result of the uniquely cutthroat competition for sales in the world's largest car market, which is reeling from a brutal, years-long price war caused by chronic overcapacity. The practice involves insuring a new vehicle before it is sold, allowing carmakers and their dealers to meet sales targets. There have been several signs China's central government was preparing a crackdown, from a Communist Party newspaper condemning zero-mileage used cars last month to the country's cabinet pledging last Wednesday it would control "irrational" competition in the domestic electric vehicle industry.
Reuters
a day ago
- Automotive
- Reuters
China auto industry group publication corrects report on 'zero-mileage' crackdown plans
SHANGHAI, July 19 (Reuters) - A publication of China's top auto industry association said on Monday that its report about China's industry ministry planning to ban the resale of cars within six months of their initial registration was "inaccurate", and it deleted that line from its story. Auto Review, the official media outlet run by the China Association of Automobile Manufacturers, said in a statement to Reuters that its article published on Saturday "contained inaccurate descriptions related to the Ministry of Industry and Information Technology (MIIT) and other relevant authorities concerning zero-mileage used cars." "These inaccuracies have since been deleted and corrected," it said. The publication updated its story to read: "MIIT plans to regulate the zero-mileage used cars together with relevant departments and manage the issue from its source." Auto Review had reported on Saturday that MIIT planned to ban the resale of new cars within six months after their registration as part of efforts to combat sales of so-called zero-mileage used cars. It reported then that the China Automobile Dealers Association, another industry group, had separately proposed a code system for exports of used cars. On Monday, Auto Review also corrected that line in the article to say the group proposed to "set up a relevant mechanism", without elaboration. The article, published on its official WeChat account, also said Chery and BYD ( opens new tab, were among companies planning to hold dealers accountable for violations, including licensing cars before they were sold. This portion of the article remained unchanged after the correction. Zero-mileage used cars have emerged in China as a result of the uniquely cutthroat competition for sales in the world's largest auto market, which is reeling from a brutal, years-long price war caused by chronic overcapacity. The practice involves insuring a new vehicle before it is sold, allowing automakers and their dealers to meet sales targets. There have been several signs China's central government was preparing a crackdown, from a Communist Party newspaper condemning zero-mileage used cars last month to the country's cabinet pledging on Wednesday that it would control "irrational" competition in the domestic electric vehicle industry.
Auto Blog
2 days ago
- Automotive
- Auto Blog
Ford Bronco EV debuts for Chinese market
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. View post: Aston Martin Valhalla: This Is What a $1M Hypercar Should Look Like View post: Tesla's New Model 3+ Promises More Power and Nearly 500 Miles of Range Forbidden Fruit Model Shows Potential Of An Electric Bronco For The U.S. Ford has built out the Bronco nameplate into a family of models encompassing the traditional version and the smaller Bronco Sport—but all with gasoline powertrains. But the Bronco and Bronco Sport are about to be joined by an electric model. You just won't be able to get it in the United States. It's the Ford Bronco New Energy, which will be sold with all-electric and plug-in hybrid powertrains, in China, according to the country's Ministry of Industry and Information Technology (MIIT). It's a joint effort between Ford and Jiangling Motors, with batteries supplied by BYD. 'New Energy' is as good a name as any for an electric Bronco, as 'new energy vehicle' is how China refers to EVs, extended-range plug-in hybrids, and other low-emission powertrain technologies. Not Much In Common With U.S.-Spec Broncos The Bronco New Energy measures 77.0 inches wide and 197.0 inches long, with a 116.1-inch wheelbase, making it 1.1 inches wider than a base U.S.-market Bronco (the Bronco Raptor is a bit wider thanks to its expanded track and fender flares). The American Bronco has the same wheelbase, but it's 7.6 inches shorter overall. Like the smaller Bronco Sport, the Bronco New Energy is a unibody vehicle. The all-electric version is rated at 271 horsepower and uses a 105.4-kilowatt-hour battery pack to achieve 404 miles of range on China's CLTC testing cycle. The plug-in hybrid version has a 1.5-liter gasoline engine and 43.7-kWh pack, good for 241 hp and an estimated 137 miles of electric range. Those battery packs make the Bronco New Energy heavier than its internal-combustion counterparts. The plug-in hybrid version tips the scales at 5,535 pounds, while the all-electric version weighs 5,800 pounds. For comparison, a Bronco Raptor—heaviest of the breed—weighs 4,945 pounds. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Ford's U.S. EV Strategy Still In Flux The Bronco New Energy is expected to go on sale in China later this year with a base price of 300,000 to 400,000 yuan. That's about $42,000 to $55,000 at current exchange rates. Whether the U.S. will ever see an equivalent model remains unclear. While Ford remains committed to EVs in the U.S., including moving ahead with plans to manufacture batteries here, the automaker has been vague on future product plans. Last year Ford canceled a three-row electric SUV and delayed production of a next-generation pickup codenamed T3, ostensibly to focus on hybrids and less-expensive EVs. But it still hasn't detailed any new models, leaving the Mach-E, F-150 Lightning, and E-Transit van as its only offerings in this market. About the Author Stephen Edelstein View Profile
Miami Herald
2 days ago
- Automotive
- Miami Herald
Ford Bronco EV debuts for Chinese market
Ford has built out the Bronco nameplate into a family of models encompassing the traditional version and the smaller Bronco Sport-but all with gasoline powertrains. But the Bronco and Bronco Sport are about to be joined by an electric model. You just won't be able to get it in the United States. It's the Ford Bronco New Energy, which will be sold with all-electric and plug-in hybrid powertrains, in China, according to the country's Ministry of Industry and Information Technology (MIIT). It's a joint effort between Ford and Jiangling Motors, with batteries supplied by BYD. "New Energy" is as good a name as any for an electric Bronco, as "new energy vehicle" is how China refers to EVs, extended-range plug-in hybrids, and other low-emission powertrain technologies. The Bronco New Energy measures 77.0 inches wide and 197.0 inches long, with a 116.1-inch wheelbase, making it 1.1 inches wider than a base U.S.-market Bronco (the Bronco Raptor is a bit wider thanks to its expanded track and fender flares). The American Bronco has the same wheelbase, but it's 7.6 inches shorter overall. Like the smaller Bronco Sport, the Bronco New Energy is a unibody vehicle. The all-electric version is rated at 271 horsepower and uses a 105.4-kilowatt-hour battery pack to achieve 404 miles of range on China's CLTC testing cycle. The plug-in hybrid version has a 1.5-liter gasoline engine and 43.7-kWh pack, good for 241 hp and an estimated 137 miles of electric range. Those battery packs make the Bronco New Energy heavier than its internal-combustion counterparts. The plug-in hybrid version tips the scales at 5,535 pounds, while the all-electric version weighs 5,800 pounds. For comparison, a Bronco Raptor-heaviest of the breed-weighs 4,945 pounds. The Bronco New Energy is expected to go on sale in China later this year with a base price of 300,000 to 400,000 yuan. That's about $42,000 to $55,000 at current exchange rates. Whether the U.S. will ever see an equivalent model remains unclear. While Ford remains committed to EVs in the U.S., including moving ahead with plans to manufacture batteries here, the automaker has been vague on future product plans. Last year Ford canceled a three-row electric SUV and delayed production of a next-generation pickup codenamed T3, ostensibly to focus on hybrids and less-expensive EVs. But it still hasn't detailed any new models, leaving the Mach-E, F-150 Lightning, and E-Transit van as its only offerings in this market. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
