SAIC Motor

European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said.

Volkswagen announced on Monday that it has once again postponed the opening date of some of its production facilities in China because of the coronavirus concerns.

The German carmaker said that Saic Volkswagen - the joint venture between Volkswagen and Saic Motor Corp- will resume its activities as early as February 24th.

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.