Most Recently Top 5
Geely taps high-end special-purpose vehicle market
2010-03-15
HANGZHOU, Zhejiang - Geely Holding Group Co., Ltd. signed an agreement on February 26 to acquire a local special-purpose vehicle maker, Zhongyu Automobile Co., Ltd., as part of its portfolio expansion, according to a report in
BYD tops February sales yet again
2010-03-15
Automotive sales were slightly down in February 2010 due to the long holidays and the slightly shorter month. The BYD F3 has come in top of the ranks yet again. The F3 does seem to have pulled quite a lead over the nearest competition, but this is probably due to BYD's relative fame for making good quality cheap cars. BYD is aiming to produce 800,000 cars this year and does have lofty plans to become the world's biggest automaker by 2025. Both VW and GM are fighting it out in China for dominance, VW seems intent on running different generations of cars side by side whilst GM is relying on its clever branding strategy that pushes the Chevrolet brand towards younger buyers and the Buick brand towards more mature buyers.
Liu Zhigang resigns and Shen Yi becomes new GM of Brilliance Sales Co.
2010-03-14
SHENYANG, Liaoning - Liu Zhigang, 48, former president of Brilliance-Jinbei Automobile Co., Ltd. (Brilliance-Jinbei) and general manager of Brilliance Auto Sales Co., Ltd. (Brilliance Sales), resigned his post in December 2009. Shen Yi, former vice general manager of Brilliance-Jinbei Sales Co., has been appointed to take Liu's place as general manager of Brilliance Sales on December 16, 2009,
No deal, unless sanctioned by the government
2010-03-10
General Motors officially gave up selling its Hummer brand to China's little-known Tengzhong Heavy Industrial Machinery Co., Ltd. (Tengzhong) late last month. The once sensational deal came to an abrupt end after nine months without much explanation.
Independent brands' IPO rush
2010-03-10
Inspired by the explosive growth last year, an increasing number of Chinese independent automakers are maneuvering for public listing in 2010, while at the same time setting ambitious goals for sales and capacity expansions.
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Daimler and BYD: new form of JV partnership
2010-03-09
Daimler AG and BYD signed a Memorandum of Understanding in Stuttgart in early March to establish a comprehensive technology partnership for the development of electric vehicles for the China market.
The lesson of Toyota for Chinese carmakers
2010-03-02
As Toyota is recalling 8.5 million cars worldwide due to the dangerous issue of unintended acceleration, Chinese carmakers, consumers and the media are asking a simple question: what happened to a reputable carmaker that has just taken the No. 1 position in sales and to a global brand that is a synonym of quality and dependability?
From the Year of the Bull to the Year of the Tiger
2010-02-24
China has become the world's largest new vehicle manufacturing country with total sales surpassing 13.6 million in 2009. The Year of the Bull has rendered China's automobile market unprecedentedly bullish.
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Stable growth in farm vehicle market in H1
2007-09-01
BEIJING ¨C China?ˉs farm vehicle market continued its stable growth in the first half of this year. Production and sales reached 1,088,992 and 1,086,247 units respectively, an average of 8.1 percent increase compared to last year, according to the latest statistics from the Farm Vehicle Sub-Association of the China Agricultural Machinery Association.
China's farm vehicle market in 2005
2006-03-01
Continued decline
China’s farm vehicle sector has experienced another year of continued decline. Output and sales were 1,899,834 and 1,895,116 units, respectively, in 2005, down 9.15 and 9.25 percent compared with those of 2004, according to the latest statistics from the Farm Vehicle Association. However, this rate fell back to single digits, compared with a more than 20 percent decline in 2004.
Policy pushing farm vehicle makers into truck manufacture
2006-01-01
China’s farm vehicle manufacturers are moving into light and medium truck production, according to the latest statistics published by CBU. While most medium truck manufacturers have registered a decline in output in the first nine months of last year, one manufacturer, Wangpai Automobile, registered a 77.03 percent increase year on year in their medium truck output. Wangpai is one of the country’s leading farm truck manufacturers. Another farm truck maker, Yinhe Automobile, is now the seventh largest medium truck manufacturer in
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China ushers in the first year of EV era
2010-03-02
China is now facing enormous pressure to get the ball rolling on energy-saving and emission reduction initiatives. This comes along with soaring fuel prices in the international market. Thankfully, the young electric vehicle (EV) industry is expected to experience rapid development in 2010, a year many are referring to as the first year of the EV era in China.
BAIC seeks to shorten path to own-brand with purchase of Saab assets
2010-01-06
BEIJING - Beijing Automotive Industry (Holding) Corp. (BAIC), China's fifth largest automaker by sales volume, announced on December 14 that it had closed a deal with Saab Automobile AB to buy some of the Swedish automaker's production equipment and intellectual property related to three whole vehicle platforms and two turbo-charged engines and powertrains.
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The effectiveness of China's new vehicle excise tax
2008-11-01
According to the latest statistics from the customs, China's import of large-displacement automobiles, especially those powered by 4.0 liter and larger engines, declined dramatically in the past couple of months.
BYD is playing a different game
2008-10-01
The feature story by Li Chao, noted automotive writer, is interesting reading in understanding the strategy of BYD Automobile.
Olympic Games and China's green efforts
2008-09-01
When China hosted the 29th International Summer Olympics Games last month, Beijing tried its best in presenting to the world a friendly, clean, efficient and green metropolis to ensure a most successful event in the history of the Olympics.
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Zoomlion signs a largest special chassis order with Daimler-Benz
2009-12-29
Zoomlion Heavy Industry Science & Technology Development Co., Ltd. (Zoomlion) and Daimler-Benz signed a purchase order of special chassis for construction machinery on December 3. Zoomlion is a public-lised large construction equipment manufacturing group based in Changsha, Hunan Province.
Shanzhai vehicles to challenge JV heavy-duty trucks in 2010
2009-12-28
- by Yang Zaishun
Shanzhai literally means "mountain stronghold" in Chinese and it implies anti-authority, anti-mainstream and anti-control. Shanzhai is currently widely used in Chinese as a noun, adjective or verb, meaning "clone" or "copy." After all, China has cloned everything from overseas, including the constitutional civilization, political and legal systems, buildings, clothing, cell phones, TVs, laptop computers, and most recently, automobiles as well.
NC2 Global LLC to form joint venture with JAC
2009-12-27
NC2 Global LLC, a newly established global commercial truck joint venture between Navistar and Caterpillar, signed a framework agreement with Jianghuai Automobile Co., Ltd. (JAC) in late September to potentially establish a joint venture in China which would develop, manufacture and sell trucks and truck parts primarily in China and certain export markets, said a press release from Navistar.
The Sinotruk-MAN deal: pluses and minuses
2009-12-25
- by Yang Zaishun
On July 15 Sinotruk (Hong Kong) Ltd. and MAN SE, a German truck and engineering company, signed a series of agreements in Hong Kong, signaling the start of long-term cooperation between the two.
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Renault not ready to enter China
2010-03-02
PARIS - Renault is not ready to enter the Chinese market and is not preparing a factory, said Carlos Ghosn, CEO of Renault SA and Nissan Motor Co., at the annual financial press conference of the French automaker.
FMMS eyes selling 150,000 cars in 2010
2010-02-04
CHANGCHUN, Jilin - FAW Mazda Motor Sales Co., (FMMS) plans to sell 150,000 cars in the Chinese market this year, according to a company statement published on its official website on January 26.
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Yin Tongyue: no overseas acquisition for us
2010-03-10
In a recent interview with auto.sohu.com, Yin Tongyue, chairman and CEO of Chery Automobile Co., China's leading homegrown carmaker, talks about brand building and his attitude towards oversea acquisition. Following are excerpts of the interview. - Editor
Face to face with vice minister Miao Wei
MIIT to emphasize on technology progress and energy saving
2010-03-02
Over the past 15 years since China Business Update was founded to cover and report on China's emerging automobile market, I have had numerous meetings and interviews with Mr. Miao Wei, long-term government official as well as top automotive executive. Before Miao was appointed
Wang Dazong: Models based on Saab technology to enter market in mid-2011
2010-01-27
Beijing Automotive Industry (Holding) Corp. (BAIC) announced on December 14 its acquisition of Saab's assets, which included certain production equipment and intellectual property. On January 22, BAIC's president Wang Dazong disclosed some details about the deal in an interview with China Automotive News (CAN). Following are highlights of the interview. - Editor
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Tengzhong-Hummer deal collapses
2010-03-02
DETROIT - General Motors Co. announced on February 24 that its sale of the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. (Tengzhong) failed as the Chinese "was unable to complete the acquisition" before the agreed deadline. As a result, GM will begin the orderly wind-down of the Hummer operations.
Beiqi-Foton's new MPV plant breaks ground
2010-01-10
BEIJING - Beiqi-Foton Automobile Co., Ltd., China's largest commercial vehicle manufacturer, lately held a ground-breaking ceremony for its new multi-purpose vehicle plant in Miyun District, Beijing, according to
Goldman Sachs invests $250 million in Geely's expansion
2009-12-25
BEIJING - A Goldman Sachs Group-managed private equity fund is pouring about $250 million in Geely Holding Group's automobile arm, Geely Automobile Holdings Ltd. to support the automaker'sambitious expansions,
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China considers environmental tax on automobiles
2010-03-02
"The Ministry of Finance has begun an investigation into the feasibility of levying an environmental tax on automobiles," said Zhang Yanyou, deputy director of the Beijing economic planning agency, at a session of the Beijing Municipal People's Congress, according to local news media reports in late January.
Auto trade-in policy to end on June 30, 2010
2010-03-02
June 30 of this year is the deadline for the auto trade-in program, which allows for the replacement of old, out-dated cars with new ones, according to recent local news reports quoting Chang Xiaocun, director of market system development at the Ministry of Commerce. Chang pointed out that national subsidies will be substantially increased to unprecedented levels this year.
New financial policy to help auto consumption in 2010
2010-03-01
China's auto market is nearing a second wave of increased popularity, and car ownership is expected to grow from 20 to 100 units per 1,000 people, said industry experts. This time, financial policies will play a major role in the surge.
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CSIG to form a mega motorcycle group in Chongqing
2009-12-25
CHONGQING - China South Industry Group Corp. (CSIG) is planning to merge its three motorcycle companies, China Jialing Group (Jialing), Jianshe Motorcycle Co., Ltd. (Jianshe) and Qingqi Motorcycle Co., Ltd. (Qingqi), into a new mega motorcycle group in Chongqing, according to a recently report in
China's motorcycle market in 2007
2009-12-25
China produced and sold 25,446,862 and 25,467,973 motorcycles in 2007, up 18.70 and 33.28 percent respectively, compared with those of the previous year, according to the statistics released by the China Automotive Association of Manufacturers (CAAM).
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Kimiyasu Nakamura: cultural union is a winning formula
2009-12-28
"Two automakers, which have had different histories and traveled along different paths, have had great synergy. This is the result of a cultural union," says Kimiyasu Nakamura, president of Dongfeng Motor Co., Ltd. (DFL), on the six years of joint venturing between Nissan Motor Co. and Dongfeng Motor Corp. (Dongfeng).
One step at a time:
Zuo Yan'an takes JAC to league of top automakers
2009-12-28
- by Guo Bo
Zuo Yan'an joined the Jianghuai Automobile Works as a technician 30 years ago. It has since morphed into Jianghuai Automobile Co. or JAC, and Zuo at 60 has been company chairman for the past two decades.
Xu Liuping: Carmaking business is long-distance running
2009-12-25
- by Wen Jing
In the government's Automotive Industry Readjustment and Revitalization Plan, Chang'an Automobile Group Corp. is for the first time rated as one of the four top-tier automakers in the country. But Xu Liuping, its chairman, is sober-minded enough to say that this is "just the beginning of a new long march."
This is a place where passion works
2009-12-24
--by Zhong Xiangdong
"We can just chat about Yuchai, because everything is in my head," said Yan Ping, chairman of Yulin Diesel Machinery Group based in Yulin of the Guangxi Zhuang Autonomous Region.
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Autoliv to acquire Delphi's safety systems business in Asia
2010-03-02
Swedish Autoliv, the global seatbelt and airbag maker, announced in late January that it would acquire Occupant Protection Systems (OPS) operations in South Korea and China from U.S. parts maker Delphi for an undisclosed sum, following a previous agreement to purchase similar assets in North America and Europe.
Behr America forms new battery cooling group in Michigan
2009-12-25
Behr America, a specialist for automotive air conditioning and engine cooling systems, has formed a battery cooling group at its headquarters in Troy, Michigan, to meet the increasing demand for thermal-management technology in the fast-growing hybrid and electric vehicle market, according to a company news release.
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China's automobile sales to exceed 11 million in 2009
2009-08-10
In the first half of 2009, China's auto sales rose 17.69 percent to hit the 6 million mark, posting record 6.10 million units, according to statistics released by China Association of Automobile Manufacturers (CAAM). That has made China replace the U.S. to become the world's largest auto market in the first half of 2009.
Great Wall Motor names parent brands for its SUVs and pickups
2009-06-08
SHANGHAI - Great Wall Motor Co., Ltd. announced at Auto Shanghai 2009 that it will introduce new sub-brands for different types of Great Wall Motor's vehicles. The Hover will be the parent brand name for its SUVs while pickups will be named under "Wingle."
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Independent brands now account for half of PV sales as auto market continues strong growth
2010-03-14
BEIJING - Despite the short month and the Chinese New Year holiday, China's auto sales in February, thanks in part to strong performance of independent brands and continued government incentives, still grew 46.25 percent year-on-year to more than 1.21 million units, according to data released by the China Association of Automobile Manufacturers (CAAM) on March 9.
Record keeps falling as China auto sales surpass 1.66 million in January
2010-02-09
BEIJING - China's automobile market kept on rolling last month, as sales hit an all time record of 1.66 million units, up 124 percent from the same month a year ago, according to the latest data released by the China Association of Automobile Manufacturers (CAAM). Production jumped 143 percent to 1.61 million units.
2009 new car sales satisfaction indices released
2009-12-28
- by Raymond Chen
LanSion, a third-party research firm, has recently published the 2009 China Car Sales Satisfaction Indices, results of a survey that covers new vehicles sold by 46 automakers (including imports).
China's July auto sales surge 64 percent
2009-12-25
BEIJING - China sold a total of 1.09 million domestically made automobiles in July, up 64 percent compared with the same period of last year, China Association of Automobile Manufacturers (CAAM) said on August 7.
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Fuyao stake sale approved
2009-12-24
CHONGQING – The Ministry of Commerce recently approved the sale of a 10 percent stake in China's biggest auto glassmaker, Fuyao Group Glass Industries (Fuyao), to the U.S. investment bank Goldman Sachs, according to a statement from Fuyao on August 24, reported by
JAC to seek new investment
2007-09-26
HEFEI, Anhui – Jianghuai Automobile Co., Ltd. (JAC) is considering injecting fresh blood into the company since it's about to complete its ownership restructuring in 2008.
Brilliance China to list in mainland market
2007-09-20
SHENYANG, Liaoning – Qi Yumin, chairman of Brilliance China Automotive Holdings Ltd. (Brilliance China) (NYSE: CBA) (SEHK: 1114), stated at a press conference held in Shenyang on September 18 that the company plans major moves into the mainland stock market by the end of 2007 and will add a few production lines as well.
Blackstone invests in China's Chemical giant
2007-09-16
BEIJING – China National Chemical Corporation (ChemChina), a leading international diversified chemical company, and the Blackstone Group (Blackstone), a leading U.S. private equity firm, announced a strategic partnership to build a global leader in the special chemicals industry on September 10.
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