Abolition of official cars to impact future demand
The booming automobile market in China over the past three decades has had an important driver: the government. But this may change because of a new regulation released by the ruling Communist Party and the State Council on November 25.
CHONGQING – Bosal Group’s first plant in China went into operation in Chongqing, a city in western China, on November 6, reported Chinanews.
Fuyao Group, a large glass manufacturer of China, plans to establish automotive glass plants in Russia and the U.S., reported Shanghai Securities News.
BEIJING – China sold 61,400 units of heavy-duty trucks (including trailers) in October, a minor decrease of 4.
SHANGHAI – SAIC plans to launch the Roewe 550 plug-in hybrid version to the market, said Jiang Jun, vice president of SAIC PV Co., in an interview with media recently.
The first county-level intercity electric bus charging station is under construction in Laixi county under the Qingdao administration, reported Qingdao Business Daily.
WUHAN, Hubei – Mergers and acquisitions, including cross-border transactions, are inevitable in the Chinese auto industry but they are only a tactic, not a strategy, according to Jay Kunkel, president of Asia Pacific for U.S. automotive supplier Lear Corp.