BAIC Group

Over the past decade, around 70 million passenger cars have been manufactured worldwide each year. According to detailed information from analysts at statista.com, in 2018, a total of 70,466,000 passenger cars were manufactured in the world.

One of China's largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country's roads, news18.com reported. 

Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said.

Germany and China signed a raft of key economic deals as the leaders of the both countries pledged to carry bilateral ties to a new phase in a meeting in Berlin ahead of the G-20 summit.