【Honda Recalls Domestically Produced Vehicles】 BEIJING, January 11 (TMTPOST) – GAC Honda Automobile Co., Ltd. is recalling a total of 87,092 domestically produced hybrid version of the BREEZE and plug-in hybrid version of the Breeze series vehicles manufactured between January 4, 2019 and December 29, 2022. Meanwhile, Dongfeng Honda Automobile Co., Ltd. is recalling a total of 169,000 domestically produced hybrid version of the CR-V and plug-in hybrid version of the CR-V series vehicles manufactured between June 8, 2017 and August 17, 2022, according to the State Administration for Market Regulation. This recall is intended to offer the improved battery positive wiring harness to keep potential safety hazards at bay, according to the two companies. 快报1月11日
【China Approves 100 Billion Yuan of Loans for Housing Leasing in Eight Cities】 BEIJING, January 11 (TMTPOST) – The People’s Bank of China, China's central bank, has approved a total of 100 billion yuan (US$14 billion) of loans to local government earmarked for buying properties and converting them to rental apartments, in an effort to support eight pilot cities to provide affordable long-term rental housing.
The eight cities are Tianjin, Chengdu, Qingdao, Chongqing, Fuzhou, Changchun, Zhengzhou, and Jinan. According to a local government official, starting from March 2023, the cities have begun to search for suitable housing and submit related documents to the central bank. The pilot cities are scrambling for properties fit for the purpose in a competition because this loan is not allocated to them at a pre-fixed amount, but on the basis of “first come, first served.” 快报1月11日
【Beijing Sets 100,000 Car License Plate Quota in 2024】 BEIJING, January 10 (TMTPOST) – Beijing has set a total quota of 100,000 car license plates in 2024, comprising 20,000 traditional gas-powered cars and 80,000 new energy vehicles (NEV), according to the Beijing Municipal Car Quota Control Management Information System.
The traditional car quota, divided into the family category and the individual category, totals 19,200. Families and individuals will share the quota through lotteies, with 800 allocated for institutional use. The NEV quota includes 73,000 for family and individual use—comprising 58,400 or 80% of the quota for families and 14,600 or 20% for individuals. Another 4,000 will be allocated for institutions, and 3,000 for commercial use. 快报1月10日
【Excavator Sales See a Surge in Chinese Market】 BEIJING, January 10 (TMTPOST) – The sales of excavator totaled 16,698 units in December 2023, experiencing a slight 1.01% year-on-year decline.
Notably, domestic sales surged by 24%, reaching 7,625 units, while exports decreased by 15.3% to 9,073 units. Throughout 2023, a total of 195,018 excavators were sold, marking a 25.4% annual decrease. Domestically, 89,980 units were sold, representing a 40.8% year-on-year drop, while exports amounted to 105,038 units, with a 4.04% year-on-year decrease, according to data released by China Construction Machinery Association on Tuesday. 快报1月10日
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